Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Sats said in talks to buy Worldwide Flight Services for up to $4.2 billion

SINGAPORE – Catering and gateway services provider Sats is in talks to acquire air cargo handler Worldwide Flight Services from its private equity owner Cerberus Capital Management for as much as US$3 billion (S$4.2 billion), people with knowledge of the matter said. The Singapore-listed company has sounded out financing for the potential purchase, said the […]

Singapore ‘Fort Knox’ sold to Chinese crypto billionaire Wu Jihan

SINGAPORE – Le Freeport, a private, maximum-security vault for fine art, precious gems and stashes of gold and silver has been sold to Chinese crypto billionaire Wu Jihan. His Bitdeer Technologies Holding spent $40 million on the vault, dubbed Asia’s Fort Knox, according to people with knowledge of the matter. Mr Wu acquired the repository […]

India’s top conglomerate Tata in talks to join club of iPhone makers

TAIPEI – Tata Group is in talks with a Taiwanese supplier to Apple to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country. The discussions with Wistron Corp are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the […]

Swiss regulator approves first bivalent COVID-19 booster

This file photo taken on April 20, 2021 shows Moderna vials on a table at a mobile COVID-19 vaccination clinic in Bridgeport, Connecticut. MOGADISHU / BERLIN – Swiss drugs regulator Swissmedic said on Monday that it has approved the first bivalent COVID-19 booster vaccine in the country. Moderna's Spikevax vaccine, which contains mRNA against two coronavirus variants, […]

Trudeau condemns verbal abuse directed at Canada’s deputy PM

In this file photo dated Oct 26, 2021, Canada's deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during a press conference in Ottawa, Canada. (LARS HAGBERG / AFP) Canadian Prime Minister Justin Trudeau on Sunday condemned an abusive verbal attack on his deputy prime minister and finance minister, Chrystia Freeland, which he described […]

Climate change official: Pakistan floods affected over 30m people

People navigate through flooded roads after heavy monsoon rains, in Hyderabad, Pakistan, Aug 24, 2022. (PERVEZ MASIH / AP) KARACHI, Pakistan – Historic monsoon rains and flooding in Pakistan have affected more than 30 million people over the last few weeks, the country's climate change minister said on Thursday, calling the situation a "climate-induced humanitarian […]

Eisai Inc. Collaborates with C2N to Build Awareness and Real-World Evidence for Blood-based Assays

TOKYO, Aug 24, 2022 – (JCN Newswire via – Eisai Co., Ltd. announced today that its U.S. subsidiary Eisai Inc. has entered into a memorandum of understanding with C2N Diagnostics (“C2N”) that will seek to build awareness about how blood-based assays in the diagnosis for people living with cognitive impairment, including Alzheimer’s disease (AD), […]

Putting people above profit is this audio distributor’s secret to customer satisfaction

The first thing one sees when one enters audio distributor TC Acoustic’s main office in Paya Lebar are these three words, in the form of a wall-mounted glowing sign almost 2m in length: Everyone’s Favourite Company.  And everyone, says chief executive Christian Honegger, refers to all the stakeholders – from customers to staff to industry […]

Brazil police accuse Bolsonaro of COVID-linked scaremongering

Bolsonaro gestures during the promotion ceremony of General Officers of the Armed Forces, at Planalto Palace in Brasilia, on Aug 4, 2022. (EVARISTO SA / AFP) BRASILIA / HARARE / LISBON – Brazil's federal police on Wednesday accused President Jair Bolsonaro of discouraging mask use during the pandemic and falsely suggesting that people who got vaccinated against […]