BENGALURU: India’s No.1 software services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since […]
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MELBOURNE: Caroline Wozniacki and Angelique Kerber have both experienced great triumphs at the Australian Open but admit they will be unable to focus purely on the tennis as they return to Melbourne Park after long absences this year. Wozniacki won her only Grand Slam title on Rod Laver Arena to […]
JAKARTA : China’s BYD, the world’s biggest seller of battery electric vehicles (BEVs), will launch its cars in Indonesia next week, the company said on Tuesday. The launch comes amid efforts from Indonesia to accelerate adoption of EVs in a bid to reduce emissions.
BANGKOK : Thailand’s plan to kick-start its economy via a $14.3-billion ‘digital wallet’ handout programme will proceed by May, Prime Minister Srettha Thavisin told reporters on Tuesday. His comments come after the Office of the Council of State, an independent panel that provides legal advice to governments, found no reason […]
HANOI :Vietnam’s economic growth slowed to 5.05 per cent this year from an expansion of 8.02 per cent last year, official data showed on Friday, weighed by weak global demand while public investment stalled amid an intensified anti-graft crackdown. This year’s gross domestic product (GDP) growth was below a government […]
OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. The terms, valuation and timing of the funding round have not yet been finalized and could still change, […]
Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, the New York Times reported on Friday. The iPhone maker has floated multiyear deals worth at least $50 million to license the […]
BEIJING: Nissan Motor said on Sunday it would establish a joint research centre with China’s leading Tsinghua University next year, focussing on research and development of electric vehicles (EVs), including charging infrastructure and battery recycling. Nissan and other Japanese automakers have faced a severe sales challenge this year in China, […]
SINGAPORE/NEW YORK/LONDON : Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility. Benchmark Brent averaged around $80 a barrel this year, after a volatile 2022 in which prices surged above $100 after Russian supplies were […]
SEOUL : South Korea will provide 38 trillion won ($29 billion) in financing to strengthen its battery industry over the next five years, as global competition to secure battery supply chains remains fierce, the government said on Wednesday. South Korean battery firms like LG Energy Solution, Samsung SDI and SK […]