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Credit Suisse shares sink ahead of bank’s revamp
Shares in Credit Suisse plunged on Monday as fears mount over the financial health of the Swiss bank.
Its shares fell by about 10% after the bank's boss failed to reassure investors.
Last week, chief executive…
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Tokyo hopes to attract start-ups and investment as borders come down: Koike
Tokyo Governor Yuriko Koike hopes the resumption of visa-free travel to Japan from Oct 11 and the weak yen will draw potential investors to take interest in the city.
She said: "Especially with the weak yen which makes it a good…
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Bruce Willis denies selling rights to his face
Bruce Willis's agent has denied reports that the film star has sold the rights to his face.
Last week, it was widely reported that Willis, in the first deal of its kind, had sold his face to a deepfake company called…
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Nike feels squeeze from strong dollar and discounts
Nike has warned that its profits will continue to be squeezed by the strong dollar and discounts aimed at cutting its stockpile of goods.
The sportswear giant, which makes over half of its revenue outside North America,…
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Nasa, SpaceX study boosting Hubble to extend its lifespan
Nasa and SpaceX have agreed to study the feasibility of awarding Elon Musk's company a contract to boost the Hubble Space Telescope to a higher orbit, with a goal of extending its lifespan, the US space agency said Thursday.
The renowned…
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Mitsubishi Heavy, 4 Japanese utilities to develop new nuclear reactor
Mitsubishi Heavy Industries Ltd. said Thursday it will develop a new type of nuclear reactor with four major Japanese utilities, including Kansai Electric Power Co.
The companies will develop an advanced light-water reactor, a new type…
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Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is now scouting for shop space to expand the business.
The former venture…
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Apple makes new handset in India in shift from China
Apple says it has started making its iPhone 14 in India as it diversifies its supply chains away from China.
The company makes most of its phones in China but has shifted some production outside the country as tensions rise…
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An inside look into VinFast, Vietnam’s Tesla hopeful with lofty goals
Vingroup just hosted Elite Vietnam Tour - a four-day, multicity extravaganza aimed at convincing attendees that the company's electric car division, VinFast, can make good on its lofty goals.
Considering VinFast hadn't made a car before…
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More social enterprises in Singapore are supporting people with disabilities
More social enterprises are supporting people with disabilities despite challenges, including those from customers they serve.
Children's enrichment centre School of Concepts, which has two branches, has 20 employees, including seven…
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