Business

Wednesday, February 22, JPMorgan Chase & Co. stated that it should not be held accountable for a former executive’s ties with Jeffrey Epstein in a lawsuit alleging the largest US bank of aiding its former client’s sex trafficking organization. JPMorgan stated in a court statement in Manhattan that communications between former executive Jes Staley and Epstein did not support the …

Nikkei Asia reported on Thursday, February 23, that Apple’s Chinese contract manufacturer Luxshare Precision Industries Co Ltd will assist develop the iPhone maker’s long-awaited augmented reality (AR) device. Luxshare has taken over the AR development team in Shanghai, which was previously controlled by Taiwan’s Pegatron, according to a source quoting people familiar with the subject. Luxshare is the first company …

In 2022, the Metropolitan Bank & Trust Corporation (Metrobank) recorded a net income gain of 48% due to the resumption of corporate and consumer financial activities. The universal bank also ended the year on a positive note, with fourth-quarter earnings reaching P9.3 billion, a 55 percent gain from the previous year. This boosted Metrobank’s net income for the year to …

With bleak economic conditions and intensifying global competition, Budget 2023 outlined strategies to promote innovation-driven growth. Singapore, as stated by Deputy Prime Minister Lawrence Wong, will need to adapt rapidly to developments in order to live and prosper in a turbulent world. The Budget offers a S$4 billion increase to the National Productivity Fund, as well as tax credits for …

Coca-Cola trucks cross the border into Russia, holidaymakers return home with the latest Zara designs, and local internet marketplaces snap up IKEA’s furniture stockpiles. Although Western brands have departed the nation, their products remain. Despite European, North American, and Japanese corporations leaving Russia as a result of its actions in Ukraine, the impact on Russian consumers is limited, despite longer …

Google’s reign as the most visited website has been uncontested since the early 2000s, when it rose to popularity as the top search engine. With the advent of new artificial intelligence (AI) chatbots like ChatGPT, which can answer people’s online inquiries, this position may now be under its greatest ever danger. Google is creating its own AI products as a …

Air France-CEO KLM’s has warned that European airlines forced to take longer flights to Asia to avoid Russia will struggle to compete with Chinese rivals if travel picks up following the Covid-19 shutdowns. Ben Smith stated that Chinese airlines had a “unfair edge” over European airlines that have been prohibited from Russian airspace since the full-scale invasion of Ukraine about …

App for virtual currency On Thursday, February 16, GCash made the announcement on Facebook that it has expanded its services to be available in more countries. Users in Japan, Australia, and Italy who have GCash Abroad accounts may pay bills, purchase items, and send and receive money to and from any GCash account. GCash Abroad also enables users to send …

The chief executive officer of the company that owns the majority of IKEA’s stores told Reuters that price reductions and promotional campaigns that the budget furniture giant normally does not conduct have increased foot traffic and sales. The company is attempting to offset weak consumer confidence by reducing prices and implementing promotional campaigns that it normally does not employ. Cost …

Monday, February 13 marks the debut of an artificial intelligence (AI) chip by South Korean company Rebellions Inc, which is competing for government contracts as Seoul seeks a position for local firms in the expanding AI market. The company’s ATOM processor is the most recent Korean effort to challenge global leader Nvidia Corp in the hardware that drives potentially transformative …