Business News

CMA CGM Foundation, the CMA CGM Group’s philanthropic arm, has launched a disaster relief effort in response to Typhoon Mawar that impacted Guam and Rota in the Northern Mariana Islands. The Foundation is coordinating efforts to mobilize resources through Group subsidiary, American President Lines …

HONOLULU (BoH) — Bank of Hawai‘i Foundation has announced a contribution of $30,000 for the American Red Cross Pacific Islands Region to help relief efforts underway following Typhoon Mawar. “As a longtime member of the Guam community, it’s difficult to witness and experience the devastation from T…

NEW YORK (Reuters) — Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough sell for the global sandwich chain. Several multi-unit operators – the more sophisticated, financially …

(Reuters) — Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic,…

FIRST Hawaiian Bank is committed to supporting the residents of Guam in the aftermath of Typhoon Mawar. The impact of the storm has left many in need of assistance, and the bank has implemented financial relief programs. “We understand the importance of providing support during times of crisis and …

Changpeng Zhao, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. WASHINGTON (Reuters) — U.S. regulators sued Binance and its CEO Changpeng Zhao on Mond…

(SCC) — The Saipan Chamber of Commerce is thrilled to announce its upcoming second quarter professional development training, led by Jim Arenovski of Island Training Solutions. The training is scheduled to take place on Wednesday, June 28, 2023, offering two sessions to accommodate participantsR…

HONOLULU, HAWAI‘I (BoH) —  Bank of Hawai‘i Corp. announced that its board of directors has elected Suzanne P. Vares-Lum to serve on its board of directors, effective May 26, 2023, until the annual election of directors at the bank’s next annual shareholders meeting. With the addition of Vares-Lum, …

GUAM (BoH) — Bank of Hawai‘i has initiated financial assistance programs to help Guam residents affected by Super Typhoon Mawar. “While the people of Guam are resilient, we know the road to recovery after Typhoon Mawar will be long. Our hope is that impacted residents can find some relief through t…

TOKYO (Reuters) — Toyota Motor Corp said on Wednesday that information on customers in some countries in Oceana and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023. Customer information that may have been accessible externally included names, addresses, p…