Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack.
Vietnam has awarded a licence to South Korea's LG Display Co. to raise its investment in the country's northern port city of Haiphong by US$750 million to US$3.25 billion, local media reported on Monday.
SoftBank Group Corp on Monday reported that third quarter net profit ballooned more than 20 times, beating estimates, driven by recovery at its Vision Fund unit.
SINGAPORE: More than 110,000 new local hires were made under the Jobs Growth Incentive Scheme in September and October last year, the Ministry of Manpower (MOM) said on Monday (Feb 8). About half of them were aged 40 and above, and based on estimates of the scheme's take-up as...
Airbnb announced plans on Monday to tighten control of short-term rentals advertised on its site in several French cities including Paris, by throwing out those without formal registration numbers.
South Korea's Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker's shares skidding.
China's Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its stock in the cinema operator, a target of the recent WallStreetBets retail frenzy, AMC said in an exchange filing.
TOKYO: Japanese automakers Toyota, Nissan and Honda report third quarter results this week buoyed by recovering demand in China and the United States, but a global chip shortage has clouded their earnings outlook. A surge in demand for electronics as more people stay home due to the ...
SINGAPORE: The 2021 Budget Statement will be delivered by Deputy Prime Minister and Minister for Finance Heng Swee Keat in Parliament next Tuesday (Feb 16) at 3pm. The Budget Speech will be broadcast live on CNA’s YouTube channel, Facebook page and website, as well as on Channel 5, CNA938 and ...
When Leondra Garrett wanted to stock up on three new pairs of shoes early last year, the North Carolina resident split a US$161 online purchase into four installments through a "buy now, pay later" service, in what seemed like a convenient deal.
