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Starbucks reports record revenue on frothy US demand

Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China. The Seattle-based coffee giant exceeded sales expec...

Business Highlights: Climbing US prices, oil company profits

___ Inflation and wage data suggest US prices will keep climbing WASHINGTON (AP) — Inflation surged in June and workers’ average wages accelerated in the spring — s...

Indian airline safety in focus after series of technical glitches

India's biggest airline, IndiGo, recently said that it had diverted a plane to Karachi in neighboring Pakistan due to a "technical defect." The flight was meant to go from the south...

Peloton to outsource production to Taiwanese manufacturer to cut costs

TAIPEI (Taiwan News) — Peloton Interactive Inc. announced on Tuesday (July 12) it will outsource all of its manufacturing to Taiwanese manufacturer Rexon Industrial Corp. The struggling New Y...

New COVID wave could hit Taiwan in August due to BA.5

TAIPEI (Taiwan News) — An expert predicts that Taiwan will likely see a new wave of COVID cases in August due to the highly contagious nature of the Omicron subvariant BA.5, with daily infection...

Tesla CEO Elon Musk calls Berlin, Texas factories 'gigantic money furnaces'

Tesla CEO Elon Musk said the company's new factories in Texas and Germany are "gigantic money furnaces," according to an interview released on Wednesday What did Musk say? Musk told th...

COVID cases rise in Southeast Asia, Middle East and Europe

LONDON (AP) — The number of new coronavirus cases rose in Southeast Asia, the Middle East and Europe last week, while the number of deaths globally dropped by 16%, according to the World Health Organi...

China COVID controls makes Apple supplier Pegatron "emphasise" expansion elsewhere

China's recent lockdowns to control the spread of COVID-19 have made Apple Inc (AAPL.O) iPhone assembler Pegatron Corp (4938.TW) "emphasise" its expansion in other countries, a senior ex...

Chris Hemsworth finds a rich groove in 'Spiderhead'

NEW YORK (AP) — “Top Gun: Maverick” director Joseph Kosinski again had a plane in the air, only this time Chris Hemsworth was at the wheel. They were shooting “Spiderhead,” a scienc...

Beijing tests millions, isolates thousands over COVID cluster at 24-hour bar

Authorities in China's capital Beijing on Monday raced to contain a COVID-19 outbreak traced to a raucous 24-hour bar known for cheap liquor and big crowds, with millions facing mandatory testing ...

Taiwan shortens COVID quarantine to 3 days for all arrivals

TAIPEI (Taiwan News) — All travelers arriving in Taiwan will only have to spend three days in quarantine and four days of self-health monitoring beginning June 15, the government announced Satur...

US lifts COVID-19 test requirement for international travel

WASHINGTON (AP) — The Biden administration is lifting its requirement that international travelers test negative for COVID-19 within a day before boarding a flight to the United States, ending one of ...

Stocks tumble, Wall Street shudders after inflation worsens

NEW YORK (AP) — Wall Street shuddered Friday, and stocks tumbled after getting hammered by data showing inflation is getting worse, not better, as investors had been hoping. The S&a...

Shanghai's landmark park revived as COVID restrictions ease

SHANGHAI (AP) — Zhu Rongfang was among a group of friends revisiting their favorite haunt in the center of Shanghai’s historic old town Thursday following the easing of COVID-19 restrictions that had ...

Taiwan’s EVA Air says ticket prices likely to increase due to rising fuel costs

TAIPEI (Taiwan News) — Travelers looking to fly the friendly skies over the next few months are likely to face increased ticket prices due to higher fuel prices and operational costs, EVA Airway...