Supermarket chain Tesco, Britain’s biggest retailer, said Monday that it was looking to sell its businesses in Thailand and Malaysia. “Tesco… confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses,” the company said […]

by Sam Reeves Companies that make top brands including Kit Kat chocolate and Dove soap may face fines if they fail to buy more green palm oil under new rules aimed at improving the controversial industry’s environmental sustainability. Green groups cautiously welcomed the move from the Roundtable on Sustainable Palm Oil (RSPO), a watchdog that […]

by Juliette MICHEL WeWork co-founder Adam Neumann, whose unconventional approach to business and governance pushed boundaries on Wall Street and Silicon Valley, has been pushed off the struggling firm’s board — with a $1.5 billion payout. Neumann had already been forced to step down as chief executive last week as pressure mounted on the cash-hemorrhaging […]

by Roland JACKSON Britain’s biggest retailer Tesco said Wednesday that CEO Dave Lewis will step down next year, after declaring his mission “complete” to turn around the group’s fortunes. Lewis, who has axed thousands of jobs in a radical overhaul of the supermarket chain since arriving five years ago, is leaving for personal reasons and […]

by Juliette MICHEL / AFP WeWork co-founder Adam Neumann, whose unconventional approach to business and governance pushed boundaries on Wall Street and Silicon Valley, stepped down as chief executive on Tuesday. Under pressure from some board members, Neumann will exit the corner office as the company tries to reposition an initial public offering campaign that has […]

by Catherine KURZAWA / AFP Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. The EU’s tax demand, made three years ago, “defies reality and common sense,” Apple’s lawyer Daniel Beard told […]

Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up. The unveiling in New York City is likely to spotlight Google’s Android-powered challenge to the latest generation of iPhones recently unveiled by Apple. The smartphone rivals typically introduce new hardware […]

Disney chief Bob Iger resigned from Apple’s board of directors as the companies are poised to launch rival online streaming services, according to a filing Friday with US regulators. Iger’s departure came the same day that the iPhone maker announced that its Apple TV+ subscription service with a budding library of original content will go […]

by Glenn CHAPMAN / AFP Apple unveiled its iPhone 11 models Tuesday with a price cut for the most basic models while also laying out plans for streaming and gaming services as it bids to weather the slump in the global smartphone market. Price appeared to be a key consideration as the tech giant reduced […]

Apple and its supplier Foxconn admitted they have been using too many temporary workers to staff an iPhone factory in central China, as a labour rights group accused them Monday of a number of workers rights violations. China Labor Watch said it had its investigators working inside the factory in the central Chinese city of […]

by Dan Martin / Kelly Wang – AFP Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into and online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered […]

Ride-hailing giant Grab said on Wednesday it will invest $500 million over five years in Vietnam, the company’s latest expansion in a key Southeast Asian market.  The Singapore-based firm has grown rapidly since it ended a bruising battle with Uber last year by buying its US rival’s ride-hailing and food operations in the region. Grab, […]

Huawei launched the latest addition to the nova smartphone series, the Huawei nova 5T, globally. The timing of this launch is critical, as Huawei and Apple are planning a massive mega-launch on their high-end offerings, the Mate series and the latest iPhones respectively. The high-end offering is expected to be done in September/October window, in […]

by Glenn CHAPMAN / AFP Apple on Tuesday launched a smartphone-generation credit card in the US and moved closer to hitting the hot streaming television market with a new subscription service. The moves come as Apple shifts to emphasize digital content and other services to offset a pullback in the once-sizzling smartphone market. Arrival of […]

by Anne BEADE / AFP Once a pioneer in cashless transactions, Japan is now lagging behind as the world’s biggest economies increasingly embrace electronic payments — because its ageing population still prefers physical money. Four out of five purchases are still made with cash in Japan, despite its reputation as a futuristic and innovative nation. […]

AirAsia announced a leadership reorganisation in support of its transformation into a travel and financial platform company and to build airasia.com into a lifestyle brand. AirAsia Group Berhad CEO Tony Fernandes appointed as CEO of airasia.com AirAsia Group Berhad Deputy CEO (Airlines) Bo Lingam will continue to lead the airline business as AirAsia Group Berhad […]

Bangkok’s famed culinary powerhouse Gaggan will close its doors by the end of this month, its manager said Thursday, bringing a sudden end to the recently crowned fourth best restaurant in the world.  The two-Michelin-starred restaurant, helmed by Gaggan Anand, has excited food lovers with its “progressive Indian cuisine” and molecular gastronomical creations since its […]