TOKYO: Take-private deals in Japan are likely to hit a record high this year, exceeding the $40.3 billion total racked up in 2023, according to private equity funds and advisers, as companies bow to pressure to improve returns for investors. Japanese companies once feared private equity as “hagetaka”, or vultures. […]
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GENEVA: At least 25 countries have decided to suspend package deliveries to the United States, as concern grows over the impact of President Donald Trump’s looming tariffs, a UN body said yesterday. The Trump administration said late last month that it will abolish a tax exemption on small packages entering […]
ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees (US$4.57) per month, its most affordable offering yet, as the company looks to deepen its presence in its second-largest market. Global companies often offer cheaper subscription plans for India’s price-sensitive market, targeting the […]
TOKYO: Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market. Brent crude futures were up 28 cents, or 0.43 per cent, at $65.91 […]
LONDON: Gigantic robot arms controlled by artificial intelligence glide around a vast factory in Oxfordshire, England, making building frames from timber, one of the world’s oldest construction materials. With the British government committed to building 300,000 new homes a year, some housebuilders say that the combination of technology and green […]
BANGKOK: Thailand’s economy is expected to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday. Exports, a key driver of Thai growth, are expected to rise 5.5 per cent this year, up from an earlier forecast of […]
BANGKOK: Car production in Thailand rose for a second straight month in June, up 11.98 per cent from a year earlier to 130,223 units, the Federation of Thai Industries said on Thursday. The increase followed a year-on-year rise of 10.32 per cent in May. Thailand is Southeast Asia’s biggest auto […]
HONG KONG: Asian markets extended the week’s gains Thursday (Jul 24) on optimism other countries will follow up Japan’s US trade deal with ones of their own, with speculation building that the European Union is on course. Investors have been on a roll in recent weeks on bets that governments […]
Apple is in talks to acquire the U.S. rights to screen Formula 1 when the broadcast contract becomes available next year, Financial Times reported on Wednesday.
TOKYO: Japan’s industry ministry will sign an agreement with Siemens Gamesa Renewable Energy on Tuesday to establish a framework for public-private cooperation aimed at building local supply chains for offshore wind power, a ministry official said. With no wind turbine manufacturers in Japan, the goal is to promote collaborations with […]