BlackBerry stops making smartphones to focus on software service

BlackBerry Ltd. will stop making smartphones, handing over production to overseas partners while it turns its full attention to its more profitable and growing software business. Investors applauded the move,

Corporate Bits | Marriott and Starwood merge loyalty programs

After Marriott’s acquisition of Starwood Hotels & Resorts earlier this month, the company is now in a position to flaunt an expanded portfolio of 30 “leading hotel brands”, according to

Gaming | Caesars deal boosts Appaloosa after Apollo, TPG give ground

The long and often ugly battle over the fate of Caesars Entertainment Corp. may finally be nearing an end. After more than two years of contentious legal disputes, Apollo Global Management LLC

Corporate Bits | MGM holds recruitment fair for Cotai property

MGM plans to roll out a series of Mass Recruitment Fairs for local talent from now until the grand opening of MGM Cotai (scheduled for Q2 of 2017), including specific

Air France workers on trial over ripping off bosses’ shirts

Fifteen current and former Air France workers went on trial yesterday for alleged violence during a union protest last year at the airline’s headquarters that saw two company executives flee

‘Dramatic slowing’ seen in global trade, as rhetoric rises

The World Trade Organization dramatically slashed its forecast for trade growth this year by about a third to its lowest rate since 2009, when the global economy was mired in

Corporate bits | New Sands China CFO from September 29

The Times has learnt that the current finance director of Hong Kong’s MTR Corporation, Stephen Law, is set to join Sands China as chief financial officer from September 29. Law earned

Dubai airport plans more gates

Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East’s busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed

Jack Ma’s Ant Financial expects to rack up a Singles’ Day record

Ant Financial, the Chinese payments giant controlled by billionaire Jack Ma, expects this year’s Singles’ Day shopping extravaganza to top 2015’s roughly USD14 billion as domestic consumption remains resilient despite an economic slowdown. The online

Analysis | Trump rides on waves of other people’s money

During a campaign stop in North Carolina last week, Donald Trump described the logic behind his plans for billing other countries for U.S. military support should he become president: “It’s called OPM.

Yahoo hack steals personal info from at least 500m accounts

Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed last week

China to slow green growth for first time after record boom

After installing more wind and solar farms than anywhere else on the planet, China is ratcheting back the pace of growth in an industry that’s helped lower the costs of

Corporate bits | MGM co-sponsors fourth ‘outstanding teenagers awards’

Organized by the Young Men’s Christian Association of Macau and sponsored by the Education and Youth Affairs Bureau and MGM, the fourth ‘Macau Outstanding Teenagers Award’ presentation ceremony was held

ASK THE VET | Acral Lick Granuloma Treatment With Veterinary Laser Surgery

Acral lick granuloma is a frustrating skin disorder which vets are often forced to treat on a trial and error basis, because no single treatment method has proven consistently effective. Veterinary

Corporate Bits | MGM team member wins ‘outstanding’ award

MGM’s “Golden Lion Team member”, Lao Sio Lei from the stewarding team, was bestowed with the “Outstanding Employees with Disabilities Award”, along with nine other winners. The winners were selected by

Real Estate Matters | The Definitive Guide For Tenants Part 2 Securing Your Home

Juliet Risdon is a Director of JML Property and a property investor. Having been established in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for

Gaming | Caesars woos bondholders with USD1.2b bankruptcy boost

Caesars Entertainment Corp. offered to boost its contribution by more than USD1.2 billion to win bondholder support for the reorganization of its bankrupt operating unit. Should holdout bondholders, or other creditors who have

Yahoo will reveal ‘massive’ loss of user data

Yahoo! Inc. is preparing to disclose a “massive” data breach of its main service, Recode reported, just as Verizon Communications Inc. prepares to take over the ailing internet company’s core assets.

Corporate Bits | Starwood training program welcomes new batch, congratulates others

The Sheraton Grand Macao Hotel and the St. Regis Macao yesterday held the “Starwood Development Program Commencement and Promotion Ceremony” today to celebrate the enrolment of more than 146 local

Tinder matches with Spotify to add music to dating app

Spotify is getting together with Tinder to allow users of the dating app to find musical matches. The streaming music service says Tinder users can now share a personal anthem on

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