Leadership
US accounting watchdog hits KPMG affiliate with record penalty over exam cheating
THE US accounting watchdog on Wednesday (Apr 10) said it has hit KPMG Netherlands with a US$25 million civil penalty, a record for the regulator, in response to “egregious”...
US dollar soars to highest versus yen since mid-1990 after inflation data
THE yen weakened on Wednesday (Apr 10), pushing the greenback to its highest against the Japanese currency since 1990, with markets alert to any signs of intervention from the...
Red-hot cocoa price melts profit at top chocolate-maker
BARRY Callebaut, the world’s biggest supplier of chocolate to the food industry, said Wednesday (Apr 10) that the surge in global cocoa prices had chipped away at profits.In the...
Barry Callebaut jumps as volumes hold up despite cocoa price surge
CHOCOLATE maker Barry Callebaut reported a small rise in first-half sales volumes on Wednesday (Apr 10), easing fears that a sharp rise in cocoa prices and other inflationary pressures...
Hollywood animation, VFX unions fight AI job cut threat
“IN THE good old days,” mused DreamWorks co-founder and former Disney CEO Jeffrey Katzenberg late last year, “it took 500 artists five years to make a world-class animated movie....
Puma hones focus on speed in Olympic battle with Adidas and Nike
GERMAN sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to...
Asia: Most markets rise as traders jockey ahead of US inflation
EQUITIES mostly rose in Asia on Wednesday (Apr 10) following a tepid day on Wall Street, with investors lasering in on the release of crucial US inflation data that...
Amazon asks court to dismiss antitrust lawsuit over web traffic sharing
AMAZON.COM has asked a US court to dismiss a lawsuit claiming its cloud-computing unit AWS stamped out a startup that worked with “Fortnite” maker Epic Games and other customers...
