Business

Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, has forged a joint venture with affiliate Food Collective, Pte. Ltd. (FCPL) that will own and operate two Singaporean restaurant brands – Tiong Bahru Bakery and Common Man Coffee Roasters – in the Philippines. In a disclosure to the Philippine Stock …

PARIS: Agence France-Presse (AFP) news agency launched a copyright case in France on Wednesday against social media giant Twitter, recently rebranded X, part of a global struggle to get tech firms to pay for news. Media groups have long argued that their stories and images bring value to platforms like …

Telecommunications giant Telus says it plans to trim 6,000 jobs, citing its need to free up cash flow and remain competitive. Restructuring comes amid telecom giant's drop in 2nd-quarter profit Telecommunications giant Telus says it plans to trim 6,000 jobs, citing its need to free up cash flow and remain …

National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank’s commercial loan portfolio.  Roughly $1B worth of loans to tech and life sciences firms are included. National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank’s commercial loan portfolio. The …

Strathcona Resources Ltd. says it will go public through a deal to purchase oil and gas exploration company Pipestone Energy Corp.  Deal will value combined business at $8.6B. Strathcona Resources Ltd. says it will go public through a deal to purchase oil and gas exploration company Pipestone Energy Corp. Calgary-based …

Warning that you might go out of business isn’t the sort of thing that tends to send a company’s stock soaring, but that’s exactly what happened to Tupperware recently, with shares in the iconic food container company gaining 700 per cent in the latest meme stock rally.  Company has become …

STARBUCKS reported record revenue in its fiscal third quarter as its China business roared back to life. Still, the company’s results were mixed for the 13 weeks ending July 2. While its earnings surpassed Wall Street’s forecast, its revenue and same-store sales were lower than expected as North American store …

Social media giant Meta says it has officially begun ending news availability on its platforms in Canada starting Tuesday.  Company says implementing new policy on its platforms will take a few weeks. Social media giant Meta says it has officially begun ending news availability on its platforms in Canada starting …

HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates. The massive jump from $8.8 billion in the same period a year ago came as central banks around the world have ramped …

TOKYO: Japan’s Toyota said on Tuesday that net profit in its first quarter surged 78 percent as global production rebounded after severe supply disruptions a year ago. The world’s biggest automaker by sales said net profit in the three months to June was 1.31 trillion yen ($9.1 billion) on sales …