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Kevin Hochman, CEO of Brinker International, the company behind Chili’s and Maggiano’s Little Italy, discusses restaurants navigating high prices and a stretched consumer. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)
Torani CEO Melanie Dulbecco joins Businessweek Daily in celebration of National Coffee Day. The 101-year-old flavor company has surpassed $800 million in annual revenue, continues to grow more than 20% year over year, and is approaching the $1 billion mark faster than anticipated, as changing beverage culture drives continued investment in U.S. manufacturing and its workforce. Dulbecco discusses the company's evolution with Bloomberg's Carol Massar and Tim Stenovec. (Source: Bloomberg)
Hong Kong businesses are lagging behind their mainland Chinese peers in adopting artificial intelligence, as entrenched legacy systems and a risk-averse corporate mindset slow the city’s digital transition, according to a senior executive at consultancy Accenture. Only 10 per cent of Hong Kong firms surveyed by Accenture had integrated generative AI across multiple business functions, compared with about 21 per cent of mainland enterprises, said Robert Hah, Hong Kong office lead at Accenture...
China’s top diplomat Wang Yi met Japan’s former foreign minister Takeshi Iwaya, who is leading a 50-member delegation of corporate executives, in Beijing on Monday, marking the highest-ranking Chinese official reception for a Japanese visit in nearly a year. During the talks, Wang warned that bilateral relations were facing a “severe situation” and had “yet to be normalised” ahead of next year’s 55th anniversary of diplomatic ties, according to a readout from the Chinese foreign ministry. “A...
President Abelardo de la Espriella says PepsiCo will invest US$1 billion in Colombia over five years to expand production and distribution. The company has not yet issued its own statement. The post Colombia’s President Says PepsiCo Will Invest US$1 Billion Over Five Years appeared first on The Rio Times.
Shanghai, Sept. 28 (Jiji Press)--Japan's Duskin Co. on Monday opened a Mister Donut outlet in Shanghai, returning to the Chinese market after a hiatus of some seven years. The company withdrew from mainland China in 2019. The new take-away outlet is located in a shopping mall in the city. In addition to regular items, products exclusive for the Shanghai store are available, including bana...
Spar Group Ltd. plans to announce a new chair and additional independent directors by early November as South Africa’s second-largest grocer by revenue pushes ahead with a turnaround that’s yet to deliver a meaningful improvement in earnings.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Hong Kong businessman Jason Poon Chuk-hung and his wife have been granted bail after facing charges for allegedly defrauding a government financing scheme for businesses out of HK$6 million (US$765,000) during the Covid-19 pandemic. Construction businessman Poon, 56, and his 54-year-old wife, Carrie Chu Shu-fong, were told at Kowloon City Court on Monday that proceedings for their fraud and money laundering charges would be transferred to the District Court, where the maximum sentence for any...
A handful of leading firms from emerging industries are expected to receive preferential policy packages and set up operations in Hong Kong within the “next couple of months”, the city’s finance chief has said, as part of efforts to attract investment. In an exclusive interview with the South China Morning Post, Financial Secretary Paul Chan Mo-po provided an update on the city’s drive to draw international and national brands and strategic enterprises to set up business in Hong Kong through...
J.C. Bamford Excavators Ltd. said that George Bamford will become joint chairman of the company alongside his father, marking the first change at the top of one of the UK’s biggest private companies in more than 50 years.
Britain’s Foreign Office revised its Cuba travel advice on 25 September, keeping its warning against all but essential travel. The update describes frequent protests, likely grid collapses, one working terminal at Havana airport and no foreign bank cards. The post Britain Revises Its Cuba Travel Advice: Bring Cash, Expect Blackouts appeared first on The Rio Times.
Panama’s Chamber of Commerce says an Assembly committee rewrote the electoral code in a late-night session and wants the second debate held “in the light of day, without haste”. The post Panama Business Chamber Urges Lawmakers to Rethink a Rushed Election Bill appeared first on The Rio Times.
Cuba’s deputy foreign minister Carlos Fernández de Cossío told Bloomberg that US sanctions are holding back Havana’s 176-measure market opening, and that easing pressure would make it “truly irreversible”. Washington says no one will invest under Cuba’s current model. The post Cuba Says US Sanctions Are Holding Back Its Opening to Private Business appeared first on The Rio Times.
Colombia's capital needs money for 370,000 smart street lights. Its council has approved higher business taxes on banks, car dealers and alcohol sellers from 2027, and cuts for restaurants, bars and most industry. The post Colombia’s Capital Votes Higher Taxes on Banks, Car Sales and Alcohol appeared first on The Rio Times.
Working in Brazil in 2026: unemployment at a record-low 5.3%, minimum wage R$1,621, VITEM V work permits, digital nomad visa at US$1,500/month, MEI cap R$81,000. What foreigners actually need to know. The post Working in Brazil 2026: Jobs, Work Permits and Starting a Business appeared first on The Rio Times.
A major coal deal in Indonesia is set to secure a powerful new partner for one of the country’s biggest miners, even as the industry worries a delay in the government’s approval of production quotas could have a severe impact on the business outlook. Low Tuck Kwong and his daughter Elaine Low, the biggest shareholders of Bayan Resources, agreed on September 16 to sell a 30 per cent stake in Indonesia’s third-largest coal producer to fellow tycoon Andi Syamsuddin Arsyad, better known as Haji...
ANDI, Colombia’s most powerful business lobby, is losing three Ardila Lülle firms, and Coca-Cola’s bottlers quit one of its chambers. What is behind it. The post ANDI Loses 3 Sugar-Industry Firms as Colombia’s Business Row Deepens appeared first on The Rio Times.
After weeks of frustration, delays and posturing, Chinese President Xi Jinping and US President Donald Trump got down to business on Thursday, kicking off their high-stakes summit, Xi’s first on US soil since 2015. The two started the morning with a formal arrival ceremony on the White House South Lawn and Rose Garden that included nearly 500 military personnel, the Chinese and American national anthems played by the US Marine Band and opening remarks from both leaders. “I am ready to work with...
The shares of cybersecurity companies have soared in recent months on bets that the threats posed by cutting-edge AI models will be a boon for their businesses. But some of the stocks have run up so much that investors are questioning whether they’ve gone too far.
The M&A firm Weil is eyeing its own merger options as top leaders within the firm are leaving. Weil Partner Michael Aiello explains the factors he is weighing as he gets ready to join a new firm, and JPMorgan Global Head of M&A Charlie Bouckaert describes the "war for talent." (Source: Bloomberg)