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Prime Minister Christopher Luxon drives a digger during visit to Mills Albert civil contracting company

Prime Minister Christopher Luxon has proved to be adept behind the controls of a 14-tonne digger. Luxon visited the award-winning Mills Albert civil...

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Download the May 2024 edition of Report on Business magazine

Read the full issue, exclusively for subscribers

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How TikTok's Chinese owner ByteDance tightened its grip on the app

TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to...

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Korea's chipmaker SK hynix's profit beats expectation in Q1

SK hynix said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing.

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Mark Zuckerberg defends Meta's AI spending spree as shares tumble

Mark Zuckerberg rekindled investor fears that he would not control costs at Meta after vowing to increase spending and turn the social media group into “the...

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Korea's battery maker LG Energy Solution Q1 net plunges 62% on slowing EV sales

LG Energy Solution (LGES), Korea's leading battery maker, said Thursday its first-quarter net profit plunged 62 percent from a year earlier due to slowing electric vehicle sales.

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Lenskart in talks for $200 million infusion from Temasek, Fidelity, eyeing $5 billion valuation, says report

Temasek is expected to lead the investment round with $125-150 million, while Fidelity will contribute the remaining amount. Other early investors may also divest a portion of their holdings.

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ICICI Bank iMobile glitch: Online portal raises alert, netizen says sensitive card information visible

Users of the TechnoFino platform raised an alarm about a security glitch in ICICI Bank's iMobile app, which enables access to other customers' credit card details. Misuse for international transactions is a possibility. Bank restricts access to credit card information to rectify the issue.

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Johnnie Walker,Yantai Kaoliang, Wild Turkey among imported liquor brands to experience price rises in Korea

Various imported liquors here are raising their prices due to the strengthening of the U.S. dollar against the Korean won as well as logistics costs, which are forcing local importers to raise the prices of their products, according to industry officials, Thursday.

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LG Chem enhances partner support for mutual growth

LG Chem is ramping up its support measures for partner companies by engaging in various activities ranging from reducing customers' logistics costs to creating new businesses to tackle the recent economic downturn and seek mutual growth, the company said Thursday.

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