LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to “Singapore’s strong business ecosystem,” according to the professional …
Read More »Monthly Archives: April 2023
Self-driving tech better for factories than cars
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000). CNBC | Evelyn Cheng SHANGHAI — Fully autonomous driving is “basically impossible” and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD. Many …
Read More »Swedish Tesla rival Einride announces UK expansion, PepsiCo deal
Swedish electric vehicle maker Einride will supply two of its heavy-duty trucks to PepsiCo as part of an expansion into the U.K. Einride Swedish electric vehicle manufacturer Einride has signed a deal with PepsiCo to supply electric trucks that would transport Walkers chips in the U.K. It marks Einride’s first …
Read More »Company lets go of some employees in advertising
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy’s effort to rein in costs, the company confirmed. …
Read More »Global rice shortage is set to be the largest in 20 years – here’s why
Bowl of white rice at Bamboo Sushi restaurant in San Ramon, California, January 23, 2022. Gado | Archive Photos | Getty Images From China to the U.S. to the European Union, rice production is falling and driving up prices for more than 3.5 billion people across the globe, particularly in …
Read More »Netflix blames technical bug for live ‘Love Is Blind’ snafu
A participant stands behind a door, hiding her identity, on Netflix’s “Love is Blind” reality dating show. Source: Netflix Netflix Co-Chief Executive Officer Greg Peters blamed a technical “bug” for why the company had to delay its “Love Is Blind” reunion special. The reality TV special, originally set to run …
Read More »Netflix may shrug at Hollywood writers’ strike
Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images There’s overwhelming support among Hollywood writers to strike for more money. But their timing is far from ideal. Netflix revealed Tuesday it spent $2.5 billion on content in …
Read More »Covid vaccine sales fueled beat, but no sales ahead
The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images International Covid vaccine sales helped spark Johnson & Johnson‘s revenue and earnings beat on Tuesday, but the company said it expects no sales from the shot moving forward. “Regarding our Covid-19 vaccine, we …
Read More »Why India is so important to Apple
Tim Cook, Apple’s Chief Executive Officer (CEO) greets the media with folded hands outside the Apple store at Jio World Drive mall, Mumbai, India, April 18, 2023. Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Apple CEO Tim Cook is in India this week. He’s opened two new …
Read More »Bank of America customers are spending more and that’s supporting U.S. employment, CEO says
Bank of America‘s customers are spending freely on dining, entertainment and other experiences, which in turn supports U.S. employment, CEO Brian Moynihan told CNBC’s Becky Quick. The bank’s customers boosted spending by 8% in the first three months of this year compared with the year-earlier period, Moynihan told Quick on …
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