Business

Mercedes-Benz eyes more direct sales amid earnings pressure

Mercedes-Benz Group (MBGn.DE) on Friday warned of lower earnings this year amid economic uncertainty, and said it would look to sell more vehicles directly in major markets such as Britain and Germany as it continues to target high margins on flat volume.

February 18, 2023 12:21 pm
 

Business

FNPF death withdrawal hits new trend

The Fiji National Provident Fund says it has noticed a new trend in the withdrawals on the grounds of death.

February 18, 2023 11:03 am
 

Business

Amazon asks employees to be in office at least three days a week

Amazon.com Inc (AMZN.O) would require employees to be in office at least three days a week from May 1, the e-commerce giant said.

February 18, 2023 10:29 am
 

Business

New York's JFK Airport terminal remains closed after power outage

A terminal at New York City’s John F. Kennedy International Airport (JFK) remained closed on Friday due to an electrical power outage, disrupting inbound and outbound flights at one of the world’s busiest airports.

February 18, 2023 9:23 am
 

Business

Parliament approves government guarantee for FDB

Parliament has approved the government guarantee for the Fiji Development Bank borrowings for a sum of $150 million from March 1 2023 to February 28 2024.

February 17, 2023 4:10 pm
 

Business

Samisoni, Lal get acting roles

George Samisoni has been appointed as the Acting Chief Executive for Amalgamated Telecom Holdings Limited (ATH).

February 17, 2023 4:10 pm
 

Business

Record-breaking visitor arrivals for January

Fiji recorded 67,502 visitor arrivals for the month of January.

February 17, 2023 2:32 pm
 

Business

Gounder replaces Viljoen as FDB Chair

Businessman Damend Gounder has replaced Fiji Airways Chief Executive Andre Viljoen as the Chair of the Fiji Development Bank board.

February 17, 2023 1:00 pm
 

Business

Extra pours in $6m investment in Labasa

Labasa will soon get a six-million-dollar supermarket which will help in creating employment.

February 17, 2023 12:06 pm
 

Business

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.

February 17, 2023 11:21 am
 

Business

YouTube CEO Wojcicki, one of the first Google employees, steps down

YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday.

February 17, 2023 8:05 am
 

Business

China sanctions Lockheed Martin, Raytheon over Taiwan arms sales

China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies.

February 17, 2023 6:01 am

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