Business

Uber focuses on 2023 profits as pandemic pain eases

Uber Technologies Inc (UBER.N) said it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for the airport and office rides helped the company rebound from pandemic lows.

February 9, 2023 3:10 pm
 

Business

Disney to cut 7,000 jobs in major revamp by CEO Iger

Walt Disney Co (DIS.N) on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.

February 9, 2023 2:21 pm
 

Business

Britain takes aim at Microsoft's $69 billion 'Call of Duty' deal

Britain placed another hurdle in the way of Microsoft’s (MSFT.O) $69-billion mega purchase of “Call of Duty” maker Activision Blizzard (ATVI.O), saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation.

February 9, 2023 12:52 pm
 

Business

$80 million paid out in benefits by BSP Life

BSP Life has announced a record $80 million in benefit payouts for last year and says they have noticed a worrying trend for over five years that indicates the onset of chronic ailments and deaths at younger ages.

February 9, 2023 12:10 pm
 

Business

Netflix lays out plans to crack down on account sharing

Netflix Inc (NFLX.O) on Wednesday laid out plans to crack down on password sharing for accounts on its streaming platform, including setting up primary location and paying a couple of dollars for an extra member.

February 9, 2023 8:27 am
 

Business

Elon Musk to unveil Tesla's 'Master Plan 3' at first investor day

Tesla Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker’s “Master Plan” when the company holds its first investor day on March 1.

February 9, 2023 7:31 am
 

Business

Vatukoula Gold Mine workers seek union assistance

While the longstanding issue at the Vatukoula Gold Mine continues, the Fiji Trades Union Congress says the current workers have asked for wage adjustments due to the rise in the cost of living.

February 9, 2023 6:51 am
 

Business

Zoom cuts 15% of staff in post-pandemic 'reset'

Zoom, the video conferencing company that became a household name when remote work spiked during the Covid pandemic, is laying off 1,300 staff.

February 8, 2023 4:50 pm
 

Business

FDB assists Ministry diversify products

As the Ministry of Agriculture plans to diversify into non-sugar products on a larger scale, the Fiji Development Bank has developed special facilities for ginger and rice farmers.

February 8, 2023 4:20 pm
 

Business

New grant introduced

A Blue Accelerator Grant Scheme has been introduced to boost the private sector, including micro, small, and medium enterprises and co-operatives, to sustainably unlock the development potential of Fiji’s blue economy.

February 8, 2023 3:50 pm
 

Business

Bed Bath & Beyond closes stores and raises $1 billion to stave off bankruptcy

Bed Bath & Beyond is closing 150 more stores — just a week after the struggling retailer announced the closure of 87 locations.

February 8, 2023 3:13 pm
 

Business

Sugar mills to undergo testing

The Fiji Sugar Corporation after preparing the sugar mills for this year’s crushing season will first test the sugar mills without cane.

February 8, 2023 11:32 am

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