The Buzz | ‘Small Percentage’ of iPhone 7s need component repair

Apple Inc. said a “small percentage” of iPhone 7 smartphones may experience a component failure that makes it appear the phone isn’t connected to cellular networks even when

Electric buses will take over half the world’s fleet by 2025

Nearly half of the municipal buses on the road around the world will be electric within seven years, with China expected to dominate the

Chinese tycoon said to near US hotel purchase

Chinese real estate tycoon Cai Kui’s family office is in advanced talks to buy a U.S. hotel portfolio from MassMutual for as much as USD800 million, a

Alibaba to buy a third of Ant Financial, paving way for IPO

Alibaba Group Holding Ltd. will buy 33 percent of Ant Financial, helping to clear the way for an initial public offering of the Chinese payments

Corporate Bits | Jardines career expo to be held tomorrow

Organized by the Jardine Matheson Group, the first-ever Jardines Career Expo Macau will be held tomorrow from 2 p.m. to 6 p.m. at the Mandarin Oriental

Corporate Bits | 44 graduate from sands china business management diploma

Sands China and the University of Macau’s Center for Continuing Education honored the third group of graduates for completing the customized one-year diploma program in business

Reports: DOJ, SEC probe Apple for slowing older iPhones

U.S. authorities are investigating Apple’s slowing of older iPhones, according to published reports. The Wall Street Journal and Bloomberg reported Tuesday that the Department

Earnings surge for Samsung Electronics on huge chip profit

Quarterly earnings surged again for Samsung Electronics, thanks to its record- breaking chip business. The South Korean company said yesterday that its October-December earnings jumped

Ikea fortune falls to no one after billionaire founder’s death

When Ikea’s Ingvar Kamprad died Saturday at age 91, he was ranked No. 8 on the  Bloomberg Billionaires Index thanks to his control of

China factory activity slows to 8-month low

Chinese manufacturing started the year off at a slower pace as factory activity eased to its weakest level in eight months on softer demand, especially

Beijing orders Muji to destroy catalog over ‘problem map’

CHINA’S foreign ministry yesterday told foreign companies to “respect China’s sovereignty” after Japanese retailer Muji was ordered to destroy a catalog that Beijing complained mislabeled Taiwan and

Faulty Takata air bag kills sixth person in Malaysia

The driver was killed when the 2004 Honda City car crashed on New Year’s Day in central Selangor state, Honda Malaysia said in a statement yesterday.

China ousted as Asia’s top buyer of US commercial property

Singapore ousted China to become the biggest Asian investor in U.S. commercial property last year. It was the first time since 2012 that the

Google bets USD1.1b more brains can help take on Apple

Google officially closed its USD1.1 billion deal with HTC Corp., adding more than 2,000 smartphone specialists in Taiwan to help the search giant chase Apple

Corporate Bits | Wynn unveils festive gourmet selection for CNY

The dining establishments at Wynn Macau and Wynn Palace Cotai will feature an exquisite selection of gourmet offerings to assist guests in celebrating and welcoming the

German automakers face heat over tests on monkeys, humans

Public criticism of the German auto industry has escalated on reports that diesel exhaust tests were carried out on both monkeys and humans. The

HK seeks to cash in on frenzy for Chinese biotech

Chinese drug companies have been on a tear in the U.S. stock market. Now, entrepreneurs and investors betting on the Asian country’s fledgling biotechnology industry see

Corporate Bits | Sands China announces pay rise, discretionary bonus

Sands China is increasing the salaries of team members of “eligible grades” effective March 1, the company announced in a statement, “benefitting roughly 99 percent of

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