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Judge: Starbucks must put cancer warning on California coffee

Judge: Starbucks must put cancer warning on California coffee

A woman holds a Frappuccino at a Starbucks store inside the Tom Bradley terminal at LAX airport in Los Angeles, California, United States.(Reuters pic) LOS ANGELES: Starbucks Corp and other coffee companies must put a cancer warning label on coffee products sold in California, a Los Angeles judge ruled. Superior Court Judge Elihu Berle said in […]

March 30, 2018 | By | Reply More
Trump escalates attack on Amazon, focusing on tax, shipping

Trump escalates attack on Amazon, focusing on tax, shipping

  The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France.(Reuters pic)amzon WASHINGTON: U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but he offered no evidence to back up his criticisms and […]

March 29, 2018 | By | Reply More
Microsoft shakes up ranks to shoot for the cloud

Microsoft shakes up ranks to shoot for the cloud

Microsoft.(AFP pic) SAN FRANCISCO: Microsoft on Thursday announced a big managerial shakeup including the departure of the head of its Windows group as the technology pushes deeper into a future in the cloud. Restructuring moves laid out in a memo from chief executive Satya Nadella included the departure of longtime Microsoft executive and Windows head […]

March 29, 2018 | By | Reply More
GKN shareholders accept £8.1bn takeover offer from Melrose

GKN shareholders accept £8.1bn takeover offer from Melrose

Shareholders in British engineering group GKN, a historic company that made Spitfires and tanks during World War II, on Thursday accepted an £8.1 billion (9.2 billion euros, $11.4 billion) takeover offer from investment firm Melrose. Melrose, the buyout group founded in 2003, has succeeded in a £8.1 billion hostile takeover of GKN. (Reuters pic) LONDON: […]

March 29, 2018 | By | Reply More
Ikea’s Toppen shopping centre in Tebrau to create 5,000 jobs

Ikea’s Toppen shopping centre in Tebrau to create 5,000 jobs

JOHOR BAHRU: Over 5,000 job opportunities will be created once the RM900 million Toppen Shopping Centre, Ikea Southeast Asia’s latest shopping centre, opens in Tebrau next year. Managing director Christian Rojkjaer said the 1.1 million sq ft shopping centre was the group’s third in Malaysia and is expected to accommodate some 300 retailers offering products […]

March 29, 2018 | By | Reply More
IRB slaps SP Setia with second tax bill in 4 months

IRB slaps SP Setia with second tax bill in 4 months

The property developer was served notices for an additional income tax of RM22.44 million and a penalty of RM10.1 million. PETALING JAYA: The Inland Revenue Board (IRB) has hit property developer SP Setia Bhd with a second tax bill in less than four months. This time around, it is for a smaller amount of RM32.54 […]

March 29, 2018 | By | Reply More
The world’s biggest toymakers aren’t having much fun

The world’s biggest toymakers aren’t having much fun

A girl plays with her dolls. (Facebook pic) PARIS: There’s trouble in toyland, and it started long before Toys ‘R’ Us went bust. Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better. Kids are tiring of movie-linked […]

March 29, 2018 | By | Reply More
New owners of Air India to get planes and US$5 billion of debt

New owners of Air India to get planes and US$5 billion of debt

Planes fly past a Boeing Co. 787 Dreamliner aircraft, operated by Air India Ltd., on display during the India Aviation 2014 air show held at the Begumpet Airport in Hyderabad, India, on Thursday, March 13, 2014. The air show takes place from March 12-16.(Bloomberg pic) NEW DEHLI: India is selling a controlling stake in its […]

March 29, 2018 | By | Reply More
Son of `Bill Gates of Iran’ held by US in sanctions case

Son of `Bill Gates of Iran’ held by US in sanctions case

Ali Sadr Hashemi Nejad, 38, who holds dual Iranian-St. Kitts citizenship, was arrested and charged with six counts of conspiracy, bank fraud, sanctions evasion and money laundering WASHINGTON: A businessman described by U.S. prosecutors as the son of the “Bill Gates of Iran” was ordered held without bail after pleading not guilty late Wednesday to […]

March 29, 2018 | By | Reply More
Smarter robots mean fewer humans for Nomura’s class of 2019

Smarter robots mean fewer humans for Nomura’s class of 2019

Japan’s biggest brokerage is planning to save about 60 billion yen (US$560 million) over the next five years by using digital and cloud technology and reviewing office space General Images of Nomura Holdings Inc. (Bloomberg pic) TOKYO: Nomura Holdings Inc.’s drive toward automation is taking a toll on the career prospects of graduates who want […]

March 29, 2018 | By | Reply More