Saudi Arabia | Deal to gradually boost OPEC output ‘inevitable’

Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel

Samsung joins global pledge to increase renewable energy use

Samsung Electronics Co., the world’s biggest smartphone maker, joined yesterday a growing list of companies that are promising to increase their use of solar and

Gaming | New Jersey set to begin taking legal sports bets

In 1978, the Democratic governor of New Jersey threw the first dice at an Atlantic City casino to kick off an era of legal gambling in the state.

Gaming | Shuttered USD2.4b Atlantic City casino readies for second chance

For months, there was little, if any, sign that Atlantic City’s former Revel casino, a USD2 billion bust, was getting ready to reopen. Colorado developer Bruce

Now the personal injury lawyers have scooters in their sights

Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have a new nemesis: personal-injury lawyers.

Corporate Bits | Apple to open second store in Cotai

A chromed Apple logo and two lines of Chinese text can be seen on the façade, along with a phrase in Chinese which roughly translates to

Amazon flexes muscles, Seattle backs down on business tax

Amazon balked and Seattle is backing down. City leaders said they plan to repeal a tax on large companies such as Amazon and Starbucks as

Yahoo fined USD334,500 by UK regulator over 2014 cyber hacks

Yahoo’s U.K. unit was fined 250,000 pounds (USD334,500) by a British regulator for failing to keep the data of more than half a million users

Corporate Bits | CTM holds with global telecom providers

CTM held the 9th Bridge Alliance Management Meeting recently to share best practices, and discuss and explore solutions and technologies in the telecom industry including roaming

Corporate Bits | Bene announces menu to commemorate national day of Italy

In celebration of Festa Della Repubblica – the National Day of Italy – Sheraton Grand Macao Hotel, Cotai Central’s Italian trattoria, Bene, is offering “Celebrating Italy”

Corporate Bits | sands cares ambassadors participate in nature walk

A group of around 30 Sands Cares Ambassadors went on a nature walk in Coloane last week, cleaning up debris along the coast and mountain, Sands

EDP says Three Gorges bid is low, will seek more information

EDP-Energias de Portugal SA’s executive board reaffirmed that the 9.1 billion-euro (USD10.7 billion) takeover offer from China Three Gorges Corp. is low and said it will seek

Qatar Airport cargo surge cushions blow from Saudi-led embargo

Qatar’s Hamad International Airport may be struggling with dropping passenger numbers amid a travel and trade ban imposed by rival Arab states, but the embargo

The Buzz | Porsche picks Taycan as Name for first electric vehicle

Porsche AG named its first car to directly compete with electric leader Tesla Inc. the Taycan, as the German manufacturer gears up for what will arguably be its most

Real Estate Matters | ‘ROI Vs ROE’ How hard is your equity working for you?

In the simplest terms, investing is putting X dollars into a business or an asset in anticipation of getting X + R dollars back in the future, where

Gucci aims to rival Louis Vuitton with USD12b target

After surpassing Hermes, Gucci has Louis Vuitton in its sights. The Italian fashion brand, owned by Kering SA of France, aims to lift revenue

Ikea vows to tackle unsustainable consumption

The world’s largest furniture retailer pledged to use only renewable and recycled materials in its products as part of a plan to have a

Foxconn chief: US-China dispute over tech, not trade

The CEO of Taiwan’s Foxconn, which assembles Apple iPhones and other products for tech companies, said yesterday that Washington’s dispute with China is over technology rather than

Huawei says it hasn’t collected Facebook user data

Chinese mobile phone maker Huawei said yesterday it has never collected or stored Facebook user data, after the social media giant acknowledged it shared such data with

Impossible Foods makes debut in Hong Kong’s hotels

California-based Impossible Foods is offering its award-winning, plant-based meat at three of Hong Kong’s top-ranking hotels, namely Hotel ICON, Grand Hyatt Hong Kong, and InterContinental Grand

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