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Swiss Re and Chinese tech group Baidu are teaming up to help advance autonomous driving, the Swiss reinsurer said on Friday. Swiss Re will provide risk management expertise and insurance products for Baidu’s autonomous driving business, it said without giving…
A number of billion-dollar projects are in the works, signaling a robust economic recovery. Last week Danish toy company Lego received a license for a $1-billion factory in the southern province of Binh Duong. The company’s second-largest factory in Asia and…
Vedanta Chairman Anil Agarwal on Tuesday said India is on the path of encouraging ease of doing business and stressed that the government is production-minded and not revenue-minded. In a tweet, Agarwal said trust, talent, and technology are the cornerstones…
As expected, Facebook today announced a new corporate name. Earlier today during the Facebook Connect event, the company said that it will now be known as Meta. Keep in mind that the website and the app will not have a new name and will still be known as…
Hong Kong’s retail sales climbed for the seventh straight month in August, helped by a stabilising Covid-19 situation, an improved labour market and economic recovery and thanks to a boost from a consumption voucher scheme (CVS). Retail sales in August rose…
Vietnam retail sales plunged 33.7 percent year-on-year in August as the country faced stricter restrictions due to the ongoing Covid-19 pandemic. According to the General Statistics Office, August’s retail sales plunged 10.5 percent compared to July. In the…
A growing cluster of infections threatens to derail Singapore’s economic reopening, while expats in the country are growing restless from being cooped up on the island with no end in sight. Singapore’s Multi-Ministry Task Force is closely monitoring the…
The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters. Volkswagen Finance Private Ltd, the German carmaker’s…
Twitter has officially launched a test of its new profile type called Professional Profiles, aimed to allow businesses to display specific information to potential customers. Twitter Business has posted an image showing what the new profile looks like, with a…
Sustainability has become an important watchword in the business world. This is not just in relation to the ongoing climate crisis but due to the ways that sustainability can ensure steady growth in a company and avoid negative events such as bankruptcy. If…
AirAsia Group plans to raise USD300 million to expand its digital business arm, AirAsia Digital, as it intensifies the diversification of its business to offset the COVID-19 crippling effect on aviation. Bloomberg, quoting “people with knowledge on the…
Around 23,800 are temporarily closed, up 28.2 percent, and more than 5,000 have permanently ceased to do business, a 26.4 percent increase, while 11,300 others are completing dissolution procedures. The majority are small, newly-established companies that…
In response to the business community’s call for looser quarantine measures and a roadmap for reopening, the Hong Kong government remained insistent that the current status quo will remain until local vaccination rates rise significantly. The Hong Kong…
Creating a new ecommerce store is no longer an arduous task, as the processes to bring a store online have become more streamlined. You now have a variety of ecommerce out-of-the-box web builders pre-built with store pages, user login areas, payment systems,…
HSBC chairman Mark Tucker lauded the efforts of global governments in creating standards and definitions for sustainability but expressed concerns that they could potentially leave out Asian economies. According to Tucker, Asia is increasingly where global…
A government think tank has pegged economic growth at 6.46 percent this year thanks to the country’s success in containing the Covid-19 outbreak and maintaining stability. Vietnam is one of the fastest recovering economies in Asia, the Central Institute for…
