Showing 51 - 60 of 183
Southeast Asia food delivery market slows in risk to Grab, GoTo
Bloomberg News, Published on 18/01/2023
» SINGAPORE: Southeast Asia’s food delivery spending grew at the slowest pace in at least four years in 2022, highlighting the challenges faced by regional internet giants Grab Holdings Ltd and GoTo Group.
Billionaire picks K-Pop star, youtuber for SpaceX moon trip
Bloomberg News, Published on 09/12/2022
» NEW YORK: A group of artists, athletes and entertainers, including DJ Steve Aoki and South Korean rapper T.O.P, are slated to join Japanese billionaire Yusaku Maezawa on the first private SpaceX flight around the moon as soon as next year.
Vietnamese EV maker VinFast files for US IPO
Bloomberg News, Published on 07/12/2022
» HANOI: VinFast, an electric carmaker backed by Vietnam’s richest man trying to take on Elon Musk’s Tesla Inc, has filed for an initial public offering in the United States just as it prepares to deliver its first sport utility vehicles (SUVs) to California customers later this month.
Musk warns of Twitter bankruptcy if cash burn continues
Bloomberg News, Published on 11/11/2022
» NEW YORK: Elon Musk, in his first address to Twitter employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it does not start generating more cash, according to people familiar with the matter.
Hotel tycoon Bill Heinecke wants to charge tourists more to fund recovery
Bloomberg News, Published on 08/11/2022
» Bill Heinecke, the Thai-American chairman of Minor International Pcl that runs more than 500 hotels worldwide, wants Thailand to allow hotels to charge international tourists a surcharge of 300 baht (US$8) per room night to fund the industry’s post-Covid-19 pandemic recovery.
Singapore seeks 40 years in jail for stock market manipulator
Bloomberg News, Published on 05/11/2022
» Singapore prosecutors are seeking a 40-year jail sentence for John Soh Chee Wen for his role in the financial centre’s biggest case of stockmarket manipulation that caused almost US$8 billion in losses in 2013.
Musk starts Twitter job cuts, advertisers hit pause
Bloomberg News, Published on 04/11/2022
» Twitter Inc plans to start cutting staff Friday, the company said in an email to employees.
Asia spent $50bn defending currencies from strong dollar
Bloomberg News, Published on 14/10/2022
» Asian governments spent about US$50 billion in foreign-exchange reserves last month -- the highest level since March 2020 -- to defend their currencies from a relentless advance in the dollar.
Crypto dreams dashed as regulators tighten rules
Bloomberg News, Published on 09/09/2022
» Thailand’s goal of becoming Southeast Asia’s leading trading centre for digital assets has suffered a setback, following moves by regulators to tighten rules in the wake of trading irregularities and the collapse of a major acquisition involving a crypto exchange.
Elon Musk sells $6.9bn of Tesla to avoid Twitter fire sale
Bloomberg News, Published on 10/08/2022
» Elon Musk sold US$6.9 billion of his shares in Tesla Inc, the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc.