BLOOMBERG Hon Hai Precision Industry Co warned of its fourth consecutive decline in quarterly sales after a 5.4% slide in the last three months of 2023 suggested consumer electronics demand remains muted. The Taiwanese firm, also known as Foxconn, reported a steep 27% drop in December sales to NT$460.1 billion ($14.8 billion), concluding a NT$1.85 trillion quarter. It now sees …

BLOOMBERG Cathay Pacific is reducing its schedule on average by 12 flights a day through to the end of February in an effort to avoid disruptions over the peak lunar new year travel period, the company said on Sunday. “We have taken measures to ensure Cathay Pacific’s flights will operate normally for the coming Chinese New Year travel peak,” Chief …

DUBAI / WAM Humaid Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry, has discussed the membership structure and requirements for joining the UAE-Japan Business Council which was established in July 2023. The discussion took place during his meeting in Dubai with the Director-General of the Japan External Trade Organization (Jetro) in Dubai and the …