TOKYO: Atsushi Ikeda loves his car so much that he founded a club for Tesla owners, but his embrace of an electric vehicle makes him something of an outlier in Japan. As markets from China to the United States race to put more EVs on their roads, the pedal is […]
Business
SHANGHAI/SINGAPORE : Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application. China Securities Regulatory Commission (CSRC) accepted Morgan Stanley’s application to open up a futures business in the world’s second-largest economy on Monday, according to […]
SYDNEY: Australia on Tuesday (Apr 4) announced a ban on TikTok from all federal government-owned devices over security concerns, becoming the latest US-allied country to take action against the Chinese-owned video app. The ban underscores growing worries that China’s government could use the Beijing-based company, owned by ByteDance to harvest […]
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems more powerful than GPT-4, they said in an open letter, citing potential risks to society and humanity. The letter, issued by the non-profit Future of Life Institute and […]
China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday. Chipmakers such as Semiconductor Manufacturing International (SMIC), Hua Hong Semiconductor and Huawei, as well as equipment suppliers like Naura and Advanced Micro-Fabrication Equipment Inc […]
TAIPEI: Taiwan’s deputy central bank governor said on Monday (Mar 20) that raising interest rates may help curb inflation expectations, although also noting an aversion to raising rates during an export downturn. The current wave of inflation is not a short-term phenomenon and has fanned expectations for continued high inflation, […]
Huawei Technologies has replaced more than 13,000 parts in its products that were hit by United States trade sanctions, the Chinese tech giant’s founder said, according to a speech transcript posted on Friday (Mar 17) by a Chinese university. According to the transcript of the February speech posted by Shanghai […]
SEOUL: South Korea’s finance minister said on Sunday (Mar 12) the country was closely monitoring any impact from the collapse of Silicon Valley Bank on South Korean markets. Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the finance ministry […]
YOKOHAMA: Nissan Motor Co Ltd on Thursday (Mar 9) said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered cars by 2026. The Japanese automaker said it will use the same components across […]
SEOUL: South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022. The Bank of Korea (BOK) estimated that its 300 basis points of rate increases in the current tightening cycle would […]