Philip Morris CEO Calls On The UK To Ban Cigarettes Within 10 Years
Company
Star Entertainment Withdraws $9 Billion Crown Resorts Merger
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Toyota Shuts Thailand Plants Owing To Parts Shortage
"Toyota blamed the shortage of parts on disruptions to the supply chain caused by the pandemic. -
Mercedes Outlines Shift To All-Electric By 2030
"However, Mercedes will only sell electric cars "where market conditions allow."
The Latest
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Intel Co-Founder and Visionary Gordon Moore Passes Away at 94
Gordon Moore, who co-founded technology behemoth Intel and served as its former chairman, passed away on Friday at the age of 94, as announced by Intel and the Gordon and Betty Moore Foundation. Moore died in Hawaii, "surrounded by family," according to a press release. 
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Meituan Sees Impressive 21.4% Q4 Revenue Increase Amid Rivalry with Alibaba-Backed Ele.me
Chinese food delivery titan Meituan (3690.HK) reported a surprising 21.4% surge in quarterly revenue on Friday, holding its own against strong competitors like Alibaba-supported Ele.me. 
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Walmart Slashes Hundreds of Jobs at E-commerce Fulfillment Centers Amid Economic Uncertainty
Walmart has confirmed plans to lay off hundreds of workers at five e-commerce fulfillment centers across the United States. 
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TikTok CEO Shou Zi Chew Faces Intense Capitol Hill Hearing Amidst Potential US Ban
TikTok CEO Shou Zi Chew testified before a House committee in a high-stakes hearing on Thursday, defending the company against claims that it poses a risk to national security and underage users. 
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TikTok CEO Defends App Amid Ban Threat: The Complex Challenge for America's Tech Policy
TikTok CEO Shou Zi Chew is set to testify before the House Energy and Commerce Committee on Thursday as the social media giant faces a potential ban over national security concerns arising from its parent company, China-based ByteDance. 
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TikTok Ban Relies on New Legislation as Biden Administration Faces Pressure
The Biden administration is feeling the heat to prohibit the widely-used Chinese-owned social media app TikTok. However, experts believe that any attempt to ban the app is contingent on the enactment of new legislation that strengthens the government's ability to regulate speech. 
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Nike's Holiday Quarter Hindered by Excess Inventory and Underwhelming China Sales
Nike managed to surpass Wall Street's earnings and revenue expectations for its holiday quarter, despite facing challenges from excess inventory and disappointing sales in China. 
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TikTok CEO Addresses Pivotal Moment Amid Growing Calls for US Ban
In a video posted on TikTok, Chew addressed the possibility of a ban on the platform, stating that "some politicians have started talking about banning TikTok." 
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Tesla To deliver Impressive Q1 Retail Sales in China Following Price Cuts
Data from China Merchants Bank International, which monitors car insurance registrations, revealed that Tesla's retail sales in China reached 106,915 units between January 1 and March 19, averaging 1,371 units per day 
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Amazon Announces Further Job Cuts, Impacting 9,000 Workers Across AWS, Twitch, and Other Units
The retail giant is set to lay off 9,000 more employees following the initial round of 18,000 job cuts in January. 
