Tag: Business
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Indonesia fleshes out plan to strengthen state control over commodity imports
JAKARTA, June 8 : Indonesia’s Trade Ministry published technical regulations on Monday that give the central government more control over coal, palm oil and ferroalloy exports, part of a controversial plan by President Prabowo Subianto to boost earnings from the country’s plentiful natural resources. The new
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EV maker VinFast’s quarterly revenue rises on strong Southeast Asia demand
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia.The company’s quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue of 16.31 trillion do
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United CEO brushes off airline mergers after American rejection: ‘There’s nothing’
When asked about a wave of consolidation among airlines, Kirby said further combination opportunities look unlikely: “There’s nothing.”
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100 days of war, Delta’s trans-Pacific push, YouTube creators take on Hollywood and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U.S.
With Tablì, Lavazza is betting that sustainability is still a top consideration for many coffee drinkers.
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Samsung Elec’s chip chief says he discussed next-generation foundry with Nvidia CEO
SEOUL, June 8 : Samsung Electronics’ co-CEO and head of its chip division, Jun Young-hyun, said on Monday he discussed cooperation in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul.Jun said Samsung and Nvidia are currently collaborating on autonomous driving chips and Gro
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Uber opens sign-ups for London ‘robotaxis’ ahead of launch ‘in months’
LONDON, June 8 : Uber said its users could sign up from Monday for a chance to ride in London’s first robotaxis powered by AI technology from British start-up Wayve as soon as regulators give the go-ahead for launch, which it expects in the coming months.Autonomous vehicles are a strategic priority for the ri
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Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal
June 8 : Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that values the combined company at about $1.2 billion.The deal comes as investor interest in the space sector has surged ahead
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Vimeo parent Bending Spoons files for US IPO
June 8 : Vimeo parent Bending Spoons filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.The Milan-based company reported a net income of $27.5 million on revenue of $601 million in the three months ended March 31, compared with a net loss of $112.2 million on revenue…
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EV maker VinFast reports rise in quarterly revenue
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia. The company’s quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue of 16.31 tri
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