BUSINESS NEWS

Asia Pacific stocks rise as global banking turmoil worries ease

Tuesday's rise in stock prices in the Asia Pacific region was due to concerns about the global bank sector. This was in response to a whirlwind intervention by policymakers as well as industry players.

BUSINESS News by Alexander Merev on March 22, 2023

Vietnam faces huge challenges in accelerating digital revolution

Vietnam has the potential to become a developed nation through digital transformation. Experts agree that there are many obstacles to ensuring a rapid, smart, and green digital transformation.

BUSINESS News by Dmitrios Predas on March 22, 2023

Global finance is rocked by Switzerland's secretive Credit Suisse rescue

A few days before a hurriedly convened press conference that would make the headlines around the world, the political elite of Switzerland were secretly preparing a move.

BUSINESS News by Alexander Merev on March 22, 2023

Amazon to lay off thousands of workers in the 'next few days'

Amazon is planning to lay off 9,000 employees across multiple departments. Similar action was taken in November, when 18,000 employees were let go by Amazon.

BUSINESS News by Lucas Brown on March 22, 2023

Russia Benefits More from a Renewed Grain Export Agreement than Ukraine

Both Russia and Ukraine must maintain exports. However, Russia's production is far greater than Ukraine's and Russia is a major beneficiary of the rollover of the grain export deal.

BUSINESS News by Tilla Schulze on March 22, 2023

Los Angeles school workers will strike for three days

A union representing 30,000 Los Angeles school bus drivers, cafeteria workers, and school custodians will strike for three days Tuesday. This will effectively stop classes for more than half a million students.

BUSINESS News by Suzan Goodman on March 22, 2023

Netflix Verification Hits the Market; The Metaverse Already Has Lost Its Shine

Netflix's inventory is highly sought after, but this also makes it a target of fraudsters.

BUSINESS News by Gregory Nicola on March 22, 2023

Foot Locker to close 400 stores by 2026

Foot Locker plans to close 400 stores by 2026. This is in an effort to be more relevant to younger shoppers. It will relaunch its retail brands, introduce "experiential" store concepts, and simplify its operations by closing down underperforming mal.

BUSINESS News by Bill Phinigan on March 22, 2023

Microsoft plans to launch its own mobile games store, similar to Apple and Google.

According to a media outlet, Phil Spencer, Microsoft's chief gaming officer, stated that the EU Digital Market Act (DMA) will help the company achieve its goals for mobile app stores. It is due to take effect in March 2024.

BUSINESS News by Chia Kai Wen on March 22, 2023

Jamie Dimon leads efforts for a new First Republic Bank rescue plan

First Republic Bank was downgraded on Monday due to concerns that the bank in San Francisco, which is in serious financial trouble, needed additional liquidity.

BUSINESS News by Gregory Nicola on March 22, 2023