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BUSINESS

Stark cites Russia-Ukraine war to exit €560m deal

Bloomberg News, Published on 20/06/2023

» Stark Corporation Public Company Limited, a Thai maker of electrical components engulfed in an accounting scandal, has cited the Russia-Ukraine war as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million (21.27 billion baht).

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TECH

Australia bans TikTok on official devices

Bloomberg News, Published on 04/04/2023

» CANBERRA: Australia banned TikTok from government-issued devices, joining the growing list of nations concerned about security threats posed by the Chinese-owned social media platform.

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WORLD

Ship with no permit causes ‘nightmare’ Philippine oil spill

Bloomberg News, Published on 14/03/2023

» MANILA: The Philippines is grappling with the fallout of an oil spill south of Manila, with a contractor describing the cleanup as a “logistical nightmare” amid questions on why the ship carrying industrial fuel was able to sail without a permit.

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TECH

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.

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NEWS

Toyota ends production in Russia, seeing no path to restart

Bloomberg News, Published on 24/09/2022

» Toyota Motor Corp has decided to cease vehicle production permanently at its lone car plant in Russia, a rare move for a company that is still manufacturing at sites in Japan dating back to its founding in the 1930s.

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WORLD

Hong Kong to cut hotel quarantine as China shows support

Bloomberg News, Published on 20/09/2022

» Hong Kong wants to relax Covid rules like mandatory hotel quarantine that have made travel difficult for nearly three years, Chief Executive John Lee said Tuesday, as mainland officials signalled their approval.

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TECH

Apple counts on upscale shoppers to turn latest iPhone into hit

Bloomberg News, Published on 16/09/2022

» The latest iPhone hits stores in many countries, including Thailand, on Friday, and Apple Inc is counting on well-heeled shoppers to make the device a hit during a year of roaring inflation and shaky technology spending.

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BUSINESS

Taliban ban crypto in Afghanistan, arrest digital coin dealers

Bloomberg News, Published on 26/08/2022

» Afghanistan’s central bank imposed a nationwide ban on cryptocurrencies this month and the Taliban regime has arrested several dealers who defied orders to stop trading digital tokens, according to a senior police official.

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WORLD

China reopens to foreign students after more than two years

Bloomberg News, Published on 24/08/2022

» China is opening the door to foreign students for the first time in more than two years, easing restrictions on their entry imposed after the outbreak of Covid-19.

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BUSINESS

Jack Ma gives up power, escapes Beijing’s crosshairs

Bloomberg News, Published on 29/07/2022

» Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he steps back from a business empire that had made him one of the country’s most powerful people.