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Home Business (page 8)

Business

Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

Malaysia Airlines & Kuwait Airways Sign Interline Deal

By The Asian Affairs
March 27, 2023
in :  Business, Geo Politics, Malaysia
malaysia airlines & kuwait airways sign interline deal

Kuwait Airways and Malaysia Airlines have signed a bilateral interline agreement that enables travellers to purchase tickets through either airline with less effort than if they booked independently. This arrangement will help each airline to grow its presence in various global regions. Maen Razouqi, the Chief Executive Officer of Kuwait Airways, and Izham Ismail, the Chief Executive Officer of Malaysia …

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Why Facebook founder Mark Zuckerberg keeps naming his kids after Roman emperors

By The Asian Affairs
March 25, 2023
in :  Business, Lifestyle, Technology
facebook ceo mark zuckerberg testifies at joint senate commerce/judiciary hearing

Mark Zuckerberg has always been intrigued by Ancient Rome. He now has his own triumvirate. Friday, the Facebook co-founder announced the birth of his third child, Aurelia, and revealed that he and his wife, Priscilla Chan, had chosen the name. Zuckerberg posted the first image of his daughter to Instagram, describing her as “such a tiny blessing.” The name Aurelia …

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TikTok CEO Shou Zi Chew testifies to US Congress

By The Asian Affairs
March 24, 2023
in :  Business, Criminal, Technology
tiktok ceo shou zi chew testifies to us congress

The CEO of TikTok, Shou Zi Chew, has ended his first public hearing before the United States Congress, where he sought to allay worries over the app’s links to the Chinese government and its purported inability to prevent “harmful” content. Thursday’s meeting, which lasted longer than five hours, was held before the House Energy and Commerce Committee. Both Democrats and …

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Who is TikTok’s CEO?

By The Asian Affairs
March 23, 2023
in :  Business, Singapore, Technology
who is tiktok's ceo

In light of growing global skepticism of TikTok, which may result in a US ban on the Chinese app, the emphasis has now shifted to the app’s enigmatic CEO, Shou Zi Chew. Thursday, the 40-year-old Singaporean will testify in front of the US House Energy and Commerce Committee regarding the app’s data security and privacy standards, as well as its …

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YouTube sensation MrBeast’s burger chain coming to PH

By The Asian Affairs
March 22, 2023
in :  Business, Philippines
youtube sensation mrbeast's burger chain coming to ph

Beginning on March 22, customers in the Philippines will be able to get their hands on the burgers from the restaurant owned by MrBeast, the online persona of Jimmy Donaldson, a YouTube star in the United States. MrBeast Burger is a smash burger, chicken sandwich, and fries restaurant brand that originated in the United States as a pop-up shop and …

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Aviation academy honors first black female pilot

By The Asian Affairs
March 21, 2023
in :  Business
aviation academy honors first black female pilot

Monday morning, Bessie Coleman, the first African American and Native American to achieve her international pilot’s license, landed at Max Westheimer Airport to encourage Oklahoma Aviation Academy students to chase their aspirations. In some aspects, it was the same as 1925. Bessie Coleman was represented by her great niece Gigi Coleman, who founded the Bessie Coleman Aviation All-Stars, a non-profit …

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Credit Suisse continues operating in Singapore

By The Asian Affairs
March 20, 2023
in :  Business, Singapore
Credit Suisse continues operating in Singapore

Following the announced takeover by UBS Group AG, the Monetary Authority of Singapore (MAS) confirmed today that Credit Suisse Group AG (CS) will continue to operate in Singapore without delays or limitations (UBS). Clients of CS will retain full access to their accounts, and all contracts between CS and its counterparties will remain in effect. The acquisition is not anticipated …

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Vietnam arrests Facebook user for “overthrowing state”

By The Asian Affairs
March 17, 2023
in :  ASEAN News, Business, Technology
vietnam arrests facebook user for overthrowing state

Friday, March 17, police in Vietnam arrested a Facebook user who was accused of “attempting to destroy the state” by uploading content that defamed leaders of the ruling Communist Party, according to the country’s security ministry. The police-run Ministry of Public Security stated in a statement that Phan Thi Thanh Nha, 39, was accused of uploading and sharing 25 articles …

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Singapore’s banks have ‘insignificant’ exposures to Credit Suisse

By The Asian Affairs
March 17, 2023
in :  Business, Singapore
switzerland banking creditsuisse

The Monetary Authority of Singapore (MAS) announced on Thursday that Singapore banks DBS, OCBC, and UOB have “insignificant” exposure to struggling banking giant Credit Suisse (Mar 16). In response to media inquiries, MAS stated that Singapore’s financial sector is sound and resilient. “Singapore banks are well-capitalised and undergo regular stress tests against credit and other risks,” the financial authority stated. …

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Credit Suisse borrows more than $50 billion from the Swiss National Bank

By The Asian Affairs
March 16, 2023
in :  Business, Economy
file photo: logo of swiss bank credit suisse is seen in zurich

Credit Suisse accepted the offer from the Swiss central bank to help it financially hours after it made the announcement in an effort to reassure investors that it had the funds it needed to survive. Credit Suisse said that it would take out a loan from the Swiss National Bank for up to 50 billion Swiss Francs ($53.7 billion). On …

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