Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.
Credit Suisse is proposing outgoing Lloyds Banking Group Chief Executive Officer António Horta-Osório as its next chairman, it said on Monday, bringing the nearly decade-long tenure of outgoing Chairman Urs Rohner to a close.
South Korean investment bank Mirae Asset Daewoo Co Ltd said on Tuesday it won a U.S. court case against Anbang Insurance Group, after Mirae Asset affiliates scrapped a US$5.8 billion deal to buy 15 U.S. hotels from Anbang.
South Korea's LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) next year, sources said, to keep up with its U.S. client's growth in the biggest car market.
Unilever New Zealand said on Tuesday it would trial a four-day work week for staff in the country, with no cut to their pay, after the government this year flagged the idea as part of a drive to kickstart the economy.
SINGAPORE: Singapore’s companies, households and banks have to stay vigilant and prudent given an uncertain outlook for the economy, said the Monetary Authority of Singapore (MAS) on Tuesday (Dec 1). While the system has been resilient amid the COVID-19 crisis so far, a protracted economic ...
Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation, the Finance Department said on Monday.
ABIDJAN, Cote d'Ivoire: Two of the world's largest cocoa producers have accused Hershey's and Mars of avoiding paying a bonus that helps boost poor farmers' incomes, and have cancelled sustainability schemes run by the confectionery giants. West African nations Ghana and Ivory Coast account for ...
WASHINGTON: The United States on Monday (Nov 30) imposed sanctions on a major Chinese electronics and engineering company for assisting Venezuela in curbing dissent on the Internet. The US said it was restricting transactions with the China National Electronics Import and Export Corporation ...
WASHINGTON: Cyber Monday was set to garner up to US$12.7 billion in online sales, according to industry estimates, surpassing Black Friday's digital numbers as US retailers enter the last lap of an extended holiday selling season. Retailers have given shoppers nearly two months of offers since ...
