Business

Top-secret Australian military intelligence will be stored on a custom cloud server built by US tech giant Amazon, Canberra said Thursday as it unveiled the US$1.3 billion deal. The Australian government said Amazon Web Services would...

A fully domestic internet food delivery service called “Foodi” launched its operations with the understanding that time is crucial in today’s Bangladesh. According to a news release issued today, “Foodi” is a US-Bangla Airlines company that...

Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of the matter...

Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world’s second-largest economy, reports Reuters. Microsoft did...

A workers’ union at Samsung Electronics in South Korea has called a strike for July 8-10, a union official said on Tuesday, as it steps up industrial action against the country’s most valuable company. The union...

Canada’s WestJet Airlines reported that, in spite of government action aimed at averting travel problems during the holiday weekend, it was had to cancel 235 flights on Saturday due to an unexpected strike by its mechanics....

Nokia will acquire Infinera Corp in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American...

Hertz Global Holdings said on Thursday it intends to raise $750 million through a two-part secured notes offering, as the company looks to shore up its balance sheet after a failed bet on electric vehicles. The...

Hundreds of multinational corporations on Tuesday urged Japan to triple its capacity to generate renewable power by 2035, as the heavily coal-dependent country updates its energy policy. Dubbed RE100, the group of more than 400 large...

The biggest auction of Diana memorabilia since the late British princess sold dozens of outfits months before her death gets underway in California this week, featuring a midnight blue tulle dress and a flamenco-style lace-up number....