Philippine restaurant operator Jollibee Foods is to buy US cafe brand The Coffee Bean & Tea Leaf outright for US$350 million. The acquisition is Jollibee’s largest to date, and will…
Renault warned that revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in…
Japanese auto giant Nissan announced earlier this week that it will downsize its workforce globally by firing 12,500 employees. This includes the manufacturer’s India operations as well. A report by ETAuto now…
The imminent one, of course, will be the Altroz premium hatchback which was unveiled at the 2019 Geneva Motor Show and is slated to be launched this year, close to…
Elon Musk’s Boring Co. has raised its first outside investment to fund the development of tunnel-based transportation systems. The company authorized the sale of $120 million in stock, according to…
Ikea Australia is previewing its highly anticipated collaboration with Sonos in its Tempe store, ahead of the national launch of the Symfonisk range in September. The range, which includes a…
Singtel launches its cross-border mobile payment capabilities in Japan, joining a handful of sectors outside of finance making a run at market share in the payments business. Singtel’s VIA, cross-border…
Los Angeles ice cream shop Little Damage has launched in Singapore with a second outlet already in planning. Decked out in black-and-white checkered prints, the first outlet at Wheelock Place…
Rimowa is unveiling a film on renowned pianist Yuja Wang as part of its ‘Never Still’ global integrated campaign. Following the launch of last year’s first international integrated brand campaign…
Citi hires J.P. Morgan Asset Management’s former Americas head of trading to run its Asia Pacific execution business. Curt Engler has been named as Citi’s Asia Pacific (APAC) Head of Execution Services. A…
Volkswagen Group shares rose 2 percent after the carmaker posted a 30 percent rise in second-quarter operating profit despite a drop in vehicle sales as rising demand for sports utility…
The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry…
Dim sum restaurant brand Tim Ho Wan is launching its first Texas location at NewQuest Property’s Katy Grand development. The new Katy store is the group’s fourth US location and…
Michelin is proud to announce that the star selection of the Michelin Guide Singapore 2019 will be officially revealed on 17 September 2019 at the historically rich Capella Singapore. The…
Maybank launches its first a private wealth management arm in the Philippines, in the midst of trending interest from financial institutions to tap into the nation’s business potential. The bank…
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