On Tuesday, in a statement Starbucks Coffee Japan said, it is reopening many of its stores in Japan, including those located in Tokyo. Many stores however will be limited to take-out and drive-through services. Starbucks has nearly 1,550 stores in… Read More ›
Strategy
Nasdaq to heighten IPO listing transparency, place minimum value on size of IPO
According to sources familiar with the matter at hand, Nasdaq Inc is set to unveil stricter regulations on initial public offerings (IPOs). The move is aimed at bringing increased transparency, especially for some Chinese companies, who want to debut on… Read More ›
Coronavirus on a killing spree in remote Amazonian villages
With the Wuhan coronavirus increasing its footprint among the indigenous people in Brazil, including those residing in the Amazonian rainforest, doctors are now evacuating patients who are severely affected by the COVID-19 disease by plane. “The number of COVID-19 patients… Read More ›
ISS appoints Danske Bank’s Jacob Aarup-Andersen as CEO
On Monday, Danish services provider ISS announced, it has hired Danske Bank’s Jacob Aarup-Andersen, as its new chief executive officer, who will assume office from September 1. Aarup-Andersen, 42, who currently heads Danske’s Danish banking unit will replace incumbent CEO… Read More ›
SoftBank to sell potion of its stake in T-Mobile U.S. to controlling shareholder Deutsche Telekom AG
On Monday, a report from the Wall Street Journal citing anonymous sources stated SoftBank Group Corp is in talks to sell “a significant portion” of its stake in T-Mobile US to controlling shareholder Deutsche Telekom AG. “A deal would see… Read More ›
Jack Ma resigns from SoftBank’s board
On Monday, SoftBank Group Corp stated, Alibaba co-founder Jack Ma will resign from its board. Jack Ma’s departure is the latest high profile departure from Softbank’s board. Ma, who retired as Alibaba’s executive chairman in September 2019, is increasingly pulling… Read More ›
Apple to reopen 25 U.S. stores this week
Continuing the gradual processing of re-opening its stores, late on Sunday Apple Inc said, it plans on reopening more than 25 of its branded stores in the United States later this week, in a development that will see Cupertino open… Read More ›
Blackstone’s shale oil venture Gavilan Resources LLC files for Chapter 11 bankruptcy
Late on Friday, Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy citing oil price collapse and a bitter legal battle with a partner. Formed following the $2.3 billion acquisition of Texas shale oil properties in 2017, Gavilan listed… Read More ›
Internet Giants In Indonesia Will Need To Pay VAT Starting July
Starting July, big internet companies will need to pay value-added tax on sales of digital products and services in Indonesia. Analysts say that this move could be followed up by other countries as countries try to find out ways and… Read More ›
Both The UK And The EU Should Concede Grounds In Brexirt Talks, Urges Both Parties
After the latest round of negotiations between the United Kingdom and the European Union over post Brexit deals yielding little results, both the parties have urged that each one should conceded some ground in the negotiations for r a trade… Read More ›