Dive Brief: Michaels has added more incentives to its rewards program, the company announced on Tuesday. Through the program, customers will be able to earn rewards through certain items they buy, bonus offers and seasonal promotions, the company noted in its statement. Current and new program members can earn $5 […]
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Coke adds contactless tech to Freestyle machines to meet COVID-19 challenges
Brief: Coca-Cola is adding contactless mobile technology to its Freestyle soda fountains to address consumer concerns around contracting the new coronavirus, according to a news release. Freestyle machines’ digital screens will display a QR code that can be scanned with a smartphone to open a selection of drinks for users […]
Coronavirus latest: Beijing adds 31 cases as it raises alert level
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 8,145,047, according to Johns Hopkins University. The worldwide death toll has hit 440,600. To see how the disease has spread, view our virus tracker charts: […]
Singapore adds $23bn of virus relief after flagging 4-7% GDP fall
SINGAPORE — Singapore on Tuesday downgraded its growth projection for this year to a range of -7% to -4%, from the previous forecast of -4% to -1%, suggesting prolonged economic damage from the coronavirus pandemic despite the phased business resumption starting next week. The city-state the same day reported a […]
Hin Leong scandal adds tarnish to fading Singapore brand
SINGAPORE — To many Singapore observers, the most unsettling aspect of the collapse of Hin Leong Trading was not the speed with which volatile markets pushed one of Asia’s biggest private oil traders $4 billion into the red. More worrying was the admission from the company’s billionaire founder Lim Oon Kuin, […]
Theater shutdown adds to bleak picture for Chinese cinema
TOKYO — Weekends and holidays, like the upcoming Golden Week that starts Friday, are typically bustling times for Chinese movie theaters. No longer. Instead, the country’s movie industry has been doing a painful twist on the silent film era, with the doors of China’s theaters closed for three months. From […]
Amazon adds Qualtrics CX features for enterprise customers
Dive Brief: Amazon is letting business customers conduct online surveys in a collaboration with Delighted, a unit of survey software maker Qualtrics. Amazon Business customers with an eligible Business Prime membership can access the instant customer feedback service for free, per an announcement that Qualtrics shared with Marketing Dive. The […]
Netflix adds nearly 16 million new subscribers amid coronavirus outbreak
PALO ALTO, U.S. — Netflix reported a record spike in subscriptions in the first quarter this year, with 15.8 million new users signing up for its paid membership. The U.S. streaming service provider attributed the uptick partly to the coronavirus pandemic, which has left a large part of the world’s […]
‘Don’t bring factories home, it only adds to risk,’ Nidec chief says
KYOTO — With M&As for 66 companies under his belt, Nidec Chairman and CEO Shigenobu Nagamori is one of Japan’s most prolific deal-makers. But the coronavirus outbreak has forced the maven to rethink of his strategy as he ponders the rising value of cash. The Renaissance man has doubts about […]
‘Don’t bring factories home, it only adds to risk,’ Nidec CEO says
KYOTO — Reshoring manufacturing is not the solution to supply chain disruptions, says the CEO of Japanese motor maker Nidec, arguing that the coronavirus pandemic makes the case for more globalization rather than less. Shigenobu Nagamori, who founded the company in 1973 and grew it into the world’s largest motor manufacturer, […]