M&S to shutter stores at home and abroad in historic retreat

Marks & Spencer Group Plc plans to close all its stores in 10 foreign countries and shutter 30 outlets at home in one of the biggest retreats

Corporate bits | Mizumi joins golden flower with two Michelin stars

Wynn Macau’s Japanese restaurant Mizumi continues to gain recognition for its quality with two Michelin Stars, only a year after it received its first Michelin Star in

Portugal banks on ‘Davos for geeks’ to bolster cooling economy

Portugal’s success in getting the organizers of the Web Summit to move to Lisbon from Dublin, beating out contenders like Amsterdam and Paris, may have been the easy part. Now,

Corporate bits | MGM to co-host lion dance competition

MGM and Wushu General Association of Macau are co-hosting the sixth annual signature event – “MGM Lion Dance Championship – Macau International Invitational” at the resort’s Grande Praça on Saturday

Corporate bits | Irish theatrical show to perform at the Venetian

The Venetian Macao, Beijing Joyway Promotions and Phoenix Live Entertainment International will present “Riverdance – The 20th Anniversary World Tour” at The Venetian Theatre from January 24 to February 5,

HSBC says profit up as cost-cutting advances

HSBC Corp. said yesterday its latest quarterly profit rose nearly 7 percent over a year earlier as the global bank cut costs and revenue rose. Profit in the third quarter rose

Ferrari raises forecasts after record third quarter earnings

Italian luxury sports car maker Ferrari NV revised its earnings guidance upward yesterday after reporting a record third-quarter profit of 113 million euros (USD126 million), up 20 percent over last

Ryanair shares surge on plans to carry 200 million by 2024

Ryanair shares rose 5 percent yesterday after Europe’s top budget airline said it expects to carry more than 200 million passengers annually by 2024, 11 percent higher than previously forecast. The

Auto industry | BMW warns rising costs for electric cars to hurt profitability

BMW AG warned that profitability this year will remain under pressure after the German automaker’s third-quarter operating margin declined on increased spending to develop electric cars and slumping sales in

Corporate bits | Sands China participates in charity bazaar

China Care Ambassadors participated in the Caritas Macau Charity Bazaar over the weekend, marking the sixth year in a row Sands China has helped raise funds for Caritas’ annual event. Dave

Samsung to offer digital assistant service in Galaxy S8

Samsung Electronics said yesterday it will offer an artificial intelligence assistant service in the upcoming flagship smartphone, as the South Korean firm seeks recovery from its global smartphone recalls. The Galaxy S8

Ask the Vet | Cat Teeth Cleaning Step by Step

Dental hygiene is a vital part of keeping your cat healthy and there are a choice of options to help maintain the strength and cleanliness of the cat teeth. Whether performing a

Geely, Volvo target world market with China-built luxury car

Volvo Cars and its Chinese owner are gearing up to export more premium cars to world markets. Outlining its latest strategy thios week, the Swedish brand unveiled upgraded versions of its

Real Estate Matters | 25 Property Questions We Were Asked This Year – Part 2 of 5

20. What is ‘Stamp Duty’ in Macau? Stamp duty is the government tax levied on buyers of properties, and is usually paid by the buyer, not the seller. The amount of stamp

Automated cars could threaten jobs of professional drivers

Ronald De Feo has watched robots take factory jobs for years. Now he sees them threatening a new class of worker: People who drive for a living. “I am in Pittsburgh;

Uber’s India rival said in talks to raise about USD600m

India’s largest ride-­hailing startup, Ola, is in talks to raise about USD600 million and may close the deal by year end, as it seeks to counter an increasingly aggressive Uber Technologies

Asian indexes lifted by strong China manufacturing report

Stocks indexes in Asia were mostly higher yesterday after surveys showed China’s factory activity rose to a two-year high last month, suggesting the world’s No. 2 economy is stabilizing. KEEPING SCORE: Hong Kong’s

China as factory to world mulls the unthinkable: Price hikes

China’s factories may be on the cusp of delivering a new shock to the global economy after years of undercutting rivals with cheaper costs. This time, increases in prices could

Corporate bits | MGM co-organizes sustainability seminar

MGM and the Gaming Teaching and Research Centre (GTRC) of Macao Polytechnic Institute co-organized the Sustainability Seminar and Tour for a group of 50 students from the Gaming and Recreation

Gaming | Crown crackdown throws up uncertainty, rival Star says

China’s detention of 18 Crown Resorts Ltd. employees has created some uncertainty and it’s tough to grasp how the crackdown might impact business, Australian rival Star Entertainment Group said. The potential

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