Economic diversification | Recipe for diversity starts with steel and chocolate

Pennsylvania edged out Texas to claim the title of America’s most diverse state economy. Bloomberg’s inaugural “Economic Diversity Index” shows Pennsylvania is a lot more than U.S. Steel Corp. and Hershey’s

Corporate Bits | BNU launches Apple Pay

Banco Nacional Ultramarino (BNU) and UnionPay International Hong Kong Branch (UPI) yesterday launched Apple Pay for UnionPay cards. According to a statement issued yesterday by BNU, its cardholders will be able

Putin’s pledge to ditch the US dollar is becoming a reality

Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow.

Vegan ice cream hurt by climate change as coconut supply at risk

Vegan ice cream is a hot commodity these days. But violent storms that have devastated farms in Southeast Asia are are threatening to take away

Turkish Airlines is said to eye HNA’s Virgin Australia stake

Turkish Airlines is interested in HNA Group Co.’s minority stake in Virgin Australia Holdings Ltd. as it seeks growth in the Asia-Pacific region, according to

Singapore’s historic raffles hotel reopens after restoration

An icon of Singapore’s history has been restored and is now open again. The Raffles Hotel, which first opened in 1887 and was declared a

Corporate Bits | Melco presents Japanese anime exhibition

Melco is renewing its contribution to Art Macao by bringing a vast array of pieces depicting Japanese anime and culture to the region. They will be shown from

Madonna’s welcome, but Portugal wants immigrants to lift economy

It’s not just the likes of Madonna and the Aga Khan that Portugal wants to attract. Unlike many governments in Europe, Portugal wants immigrants to shore

Corporate Bits | Taiwanese singer to celebrate his farewell tour at Cotai Arena in September

With a rich, soulful voice, Fei has enjoyed a glittering 45-year career. He is feted for his classic versions of songs such as “A Spray of

Extreme work cults, 15-hour weeks and Nordic CEO vacation habits

By about 2030, people will probably only work 15 hours a week. It seems clear now that the famous prediction, made by John Maynard

Genting climbs after settling with Disney, Fox on theme park

Casino operator Genting Malaysia Bhd. will use some 21st Century Fox Inc. intellectual property for a theme park near Kuala Lumpur after resolving a dispute

Singapore is spending big to future-proof its slowing economy

Singapore rose to be one of the world’s most advanced cities by using its position as a trading hub to attract technology and investment. Now, caught

Saudi Prince’s megacity shows signs of life

The walls are covered with graffiti in the sleepy fishing village of Khurayba. There are supplications to God, advertisements for vacation rentals and house painters. Near the

Nissan says report of 90% plunge in profit is ‘broadly accurate’

Nissan Motor Co. said a media report that the company’s operating profit dropped about 90% last quarter was “broadly accurate,” in the latest indication that pressure is building

Malaysia Airlines gets Morgan Stanley as adviser

Khazanah Nasional Bhd. has hired Morgan Stanley to look at strategic options for Malaysia Airlines Bhd., according to an official in the prime minister’s department. The investment bank

Food & Beverage | Best Japanese wine made from koshu grapes: white, sparkling

Inside a 19th-century silk merchant’s house in Katsunuma, Japan, about 70 miles west of central Tokyo, the three Aruga brothers are pouring several white wines in

Corporate Bits | CEM to offer tariff reduction to some users

Macau’s sole electricity supplier, CEM, has announced a decrease in the Tariff Clause Adjustment (TCA) in the third quarter of 2019 for CEM’s Tariff Groups A, B and

From Tesla to Twitter, a guide to this week’s quarterly reports

The upbeat picture painted by this past week’s blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.

In the City of Love, mass tourism troubles Parisian hearts

Every day on Boulevard Saint Michel, near the Notre-Dame Cathedral in the heart of Paris’s Latin Quarter, buses unload thousands of tourists. Armed with selfie

Robots are scaling warehouse shelves to get stuff to you faster

A logistics company partly owned by Related Cos., the developer behind Manhattan’s Hudson Yards, is searching for locations across North America to build its multistory robotic warehouses.

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