Tey Wee Lik

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McDonald’s Is Closing Hundreds of Stores This Year

McDonald’s shuttered 350 poorly performing stores in Japan, the United States, and China the first three months of 2015 as part of its plan to boost …

VW boss Martin Winterkorn defeats chairman Ferdinand Piech

Chief executive wins backing of directors and stakeholders to prise Volkswagen patriarch’s fingers from company steering wheel<p>The chief executive of Volkswagen, Germany’s highest paid boss, has chalked up a major victory against the company’s chairman and his erstwhile friend after getting the …

Automotive Industry

Dubai's A Strange Place But It's The Middle East's Startup Hub

Dubai looks like what would happen if Donald Trump played Minecraft: ever more ridiculous towers bursting forth from the sand, steel and glass everywhere. At night, it feels like the city from ‘Bladerunner’ blessed with better weather.<p>What Dubai doesn’t feel like at first glance is a startup hub. …

The patented Nike shirt that could track your heart rate and blood pressure while you exercise

Nike appears to be looking into new uses for the Nike+ sensor it first released in 2006. A patent awarded to the company on Dec. 9 shows a device that looks very similar to the Nike+ sensor slotting into a sleeveless shirt that has, as the patent says, the ability to monitor various levels and send …

Jessica Alba’s Honest Company Is Worth Nearly $1 Billion

Jessica Alba undoubtedly has star power and it has benefited Honest Company, a marker of eco-friendly baby products she co-founded in 2011.<p>The company raised $70 million in a recent funding round – adding to the already $52 million the company has raised since it launched three years ago. This …