Business

The Philippines has lifted its decade-long restrictions on agricultural and seafood imports from Fukushima and neighboring areas following the 2011 nuclear disaster. DFA Secretary Teodoro Locsin Jr. announced the removal of radiation test requirements, allowing safe Japanese food to reach Filipino consumers.

The European Union is considering major industrial subsidies to counter US green technology investments, but smaller countries like Sweden warn that larger nations like Germany and France might disproportionately benefit, potentially threatening the EU's single market unity.

Cathay Pacific Airways reported a substantial loss of up to US$893.77 million for the fiscal year 2022, slightly higher than analyst predictions. The airline's financial performance reflects the ongoing challenges from pandemic-related travel restrictions in Hong Kong and mainland China, though the company remains optimistic about future recovery prospects.

Japanese gaming company Nintendo confirms coronavirus impact on product manufacturing, with potential delays for Nintendo Switch consoles and Joy-Con peripherals produced in China by Foxconn, and limited availability of Ring Fit Adventure game due to supply chain disruptions.

Lee Swee Eng, CEO and Director of KNM Group Berhad have been caught doing insider trading of almost 31 million units of KNM shares....

Tech giant Apple receives special approval to open its first Indian store by 2021, ending a decade of selling through third-party retailers. CEO Tim Cook highlights India's unique market potential and demographic opportunity, with plans to launch both physical and online stores in the country.

Dutch brewer Heineken is investing 865 million reais (US$183.14 million) to expand its Ponta Grossa brewery in Brazil. The investment will increase manufacturing capacity by 75%, with construction beginning this year. Heineken's CEO emphasizes Brazil's importance as a key market, despite economic slowdown.

Despite month-long pro-democracy protests, Hong Kong's financial sector remains strong. Chief Executive Carrie Lam emphasized the city's economic resilience, citing lessons learned from the Asian financial crisis and the government's efforts to maintain stability.

Pinterest has surpassed Snapchat in US user numbers, reaching 82.4 million users in 2019 with a 9% growth rate. The platform offers a universal appeal across different age groups, positioning itself as a versatile virtual bulletin board for sharing and discovering interesting visual content.

China has announced a $31 million humanitarian aid package for Afghanistan, aimed at helping the country combat COVID-19, address malnutrition, and rebuild its economy. The aid was announced by Chinese Foreign Minister Wang Yi during a regional diplomatic meeting.