Business

Colombian airline Viva Air weighs local restructuring process

Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca (AVT_p.CN) airlines.

February 12, 2023 10:21 am
 

Business

Meta delays setting team budgets as Facebook parent plans fresh round of layoffs

Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported

February 12, 2023 9:38 am
 

Business

FBC records $400,000 in sales

FBC registered close to half a million in sales following the cocktail event at the Grand Pacific Hotel on Friday.

February 12, 2023 7:55 am
 

Business

FBC Acting CEO gets 40% pay cut

The Acting CEO of the Fiji Broadcasting Corporation will get a 40% pay cut compared to the former CEO Riyaz Sayed-Khaiyum.

February 11, 2023 4:53 pm
 

Business

Florida governor gains control over Disney district board

Florida lawmakers on Friday granted Governor Ron DeSantis effective control of the board that oversees development in and around Walt Disney Co’s (DIS.N) central Florida theme parks, escalating the Republican’s battle with the company.

February 11, 2023 1:31 pm
 

Business

Minister visits Nausori International Airport

The Ministry of Civil Aviation is working to ensure airports around the country are able to cater to full loads.

February 11, 2023 12:34 pm
 

Business

Russia to cut oil output by 500,000 bpd in March

Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products.

February 11, 2023 11:32 am
 

Business

Microsoft co-founder Bill Gates: ChatGPT 'will change our world'

Microsoft co-founder Bill Gates believes ChatGPT, a chatbot that gives strikingly human-like responses to user queries, is as significant as the invention of the internet, he told German business daily Handelsblatt in an interview published on Friday.

February 11, 2023 10:24 am
 

Business

Ford to announce $3.5 bln battery plant in Michigan, sources say

Ford Motor Co (F.N) is set to announce as soon as Monday it plans to build a $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.

February 11, 2023 9:34 am
 

Business

PM unveils rebrand for broadcaster

Prime Minister Sitiveni Rabuka yesterday announced a rebranded FBC, with a new logo and slogan to depict the new dawn for the oldest media company in the country.

February 11, 2023 7:36 am
 

Business

Biden hasn’t committed to Super Bowl interview with Fox, source says

President Joe Biden has not yet committed to a pre-Super Bowl interview with Fox News, a person at the channel familiar with the matter said, a move that suggests the Democrat may buck the tradition of granting the network broadcasting the big game an interview.

February 10, 2023 1:59 pm
 

Business

Activist Peltz makes nice with Disney, ends board challenge

Activist investor Nelson Peltz on Thursday ended his quest for a board seat at Walt Disney Co (DIS.N) after Chief Executive Bob Iger laid out plans to fix the home of Mickey Mouse, cheering investors.

February 10, 2023 10:32 am

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