News
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Global Financial Centres Index (GFCI) rankings: Hong Kong replaced by Singapore as Asia's top finance centre
Hong Kong has adhered to a version of China's strict zero-Covid rules throughout the pandemic, battering the economy and deepening a brain drain as rival business hubs reopen; meanwhile, Singapore jumped three places to third spot
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Boeing reaches $200 million settlement with regulators over 737 Max
The settlement is to resolve an investigation into claims that the aircraft manufacturer and a former CEO had deceived investors about problems with its 737 Max plane that led to two deadly crashes in 2018 and 2019
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Warner Music finds new boss in old frenemy: YouTube
Warner Music Group, the smallest of the three major music conglomerates, has chosen Robert Kyncl, the longtime chief business officer of YouTube, as its next chief executive, effective Jan. 1
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Spotify bets on audiobooks
The music-streaming company transformed the music industry when it gave listeners access to a seemingly limitless catalog of songs through its streaming music service more than a decade ago. Now Spotify's move into audiobooks could reshape what has become a rapidly growing category for publishers
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US jury orders Meta to pay $174.5 million for patent violation
A trial in Texas federal court ended with jurors deciding that "live" features at Facebook and Instagram used technology patented by Voxer, a company co-founded by Tom Katis, a US Army veteran seeking to fix shortcomings in battlefield communications
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Cheap mealboxes give a taste of Hong Kong's economic woes
Small shops selling inexpensive two-dish mealboxes have mushroomed across one of the world's least affordable cities, cropping up in working-class and white-collar areas alike as people tighten their belts amid fears of a recession after pro-democracy protests followed by strict Covid protocol for over two years
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With a gamer prince and oil billions, Saudi turns to eSports
Much like with Formula One and professional golf, the world's biggest oil exporter has in recent years leveraged its immense wealth to assert itself on the eSports stage, hosting glitzy conferences and snapping up established tournament organisers
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We already have a public company mindset: Steve Albrecht of Oyo
In an interview with Forbes India, the global hospitality platform's non-executive board member discusses if the company is IPO-ready, and things it needs to work upon
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What's at stake for investors when promoters pledge the family silver
In the aftermath of Adani pledging their entire stake in ACC and Ambuja, a look at other top promoter pledges
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China's zero-Covid policy is affecting foreign businesses in the country: report
The European Chamber—a group of more than 1,800 European companies in China—said in a position paper that zero-Covid and its "massive uncertainty" had had a "negative impact" on 75 percent of its members' operations
