Business

Amazon has completed its $8.5 billion acquisition of MGM Studios, strategically positioning itself to strengthen its streaming service. The deal follows European regulatory approval and aims to boost Amazon's content library and competitiveness in the entertainment streaming market.

Starbucks, the world's largest coffee chain, closed half of its Chinese stores due to coronavirus, adjusting operating hours and delaying 2020 profit forecasts. The outbreak has significantly impacted the company's operations in its biggest market outside the United States.

Walt Disney Company's stock fell 2.1% in premarket trading after Bob Iger handed CEO responsibilities to Bob Chapek, with analysts questioning Chapek's content experience and leadership capabilities in the media-entertainment industry.

Telecommunications giants Axiata Group and Telenor Asia have completed a landmark merger of their Malaysian wireless operations, creating a new tech leader. The combined entity, MergeCo, promises significant synergies, with pre-tax profits of 5.7 billion ringgit and strong financial prospects. Both parent companies will hold equal 33.1% stakes in the newly formed company.

In a decisive move, the Malaysian High Court has rejected KNM Group Berhad's bid for a restructuring lifeline, spotlighting a series of legal violations and the scheme's lack of viability.

Philippines , May 21, 2025 The vibrant tech startup scene in the Philippines is facing growing pains as many companies struggle with high capital burn...

Indonesia , Oct 04, 2023 Indonesia has officially banned TikTok Shop, citing concerns over unfair trade practices, data protection, and competition with local platforms. The...

Indonesia , Oct 04, 2023 Indonesia has officially banned TikTok Shop, citing concerns over unfair trade practices, data protection, and competition with local platforms. The...

Shannon Lee, representing Bruce Lee Enterprises, has filed a lawsuit against Real Kungfu in a Shanghai court. She demands the chain stop using her father's image and seeks 210 million yuan (US$30 million) in compensation for 15 years of unauthorized use of the martial arts legend's likeness.

In a shocking development shaking Malaysia's financial core, YNH Property Berhad faces a scandal threatening its Sukuk's stability, with collateral seized and millions at risk. Explore the depth of this financial crisis, its impact on stakeholders, and the looming question of insurance coverage amidst fraudulent asset revelations.