China will scrap quarantine for travellers from 8 January, officials said, marking the last major shift from the country’s zero-Covid policy. Travellers wait with their luggage at Beijing Capital International Airport, amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 27, 2022. After three years of closed borders, […]
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CEO Elon Musk’s preoccupation with Twitter after taking over the tech firm in late October and his sell-off of Tesla shares to fund his Twitter purchase has also contributed to the plunge in stock price SINGAPORE: Tesla’s shares are at their lowest level in years, with the company’s shares dropping […]
SINGAPORE : Chinese refining giant Sinopec Corp has appointed Zhong Fuliang, vice president of its trading arm Unipec, as the new managing director of the unit, according to a company representative. Zhong, 54, replaces Chen Gang, who is set to hand over the managing director’s position in January after reaching […]
SEOUL : Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday. The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of […]
TOKYO : Toyota Motor Corp reported on Monday a 1.5 per cent rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3 per cent to 266,174 vehicles, while overseas output rose 3.8 per cent to an all-time high of 566,930 for the month. Global […]
SINGAPORE : In a year when Indian equities emerged as the best performers in Asia and the country took advantage of a structural shift in supply chains from a pandemic-hit China, forecasts of robust economic growth are set to keep stocks on a firm footing. India’s Nifty 50 index struck […]
Tesla Inc is offering discounts on Model 3 and Model Y vehicles delivered in the United States and Canada this month, sales pages on its website showed on Wednesday, amid concerns the automaker is facing softening demand as economies slow. The company is giving a $7,500 credit in the United […]
NEW YORK: Billionaire Elon Musk said yesterday he will step down as chief executive of Twitter Inc TWTR.N once he finds a replacement, but will still run some key divisions of the social media platform. “I will resign as CEO as soon as I find someone foolish enough to take […]
NEW YORK: Elon Musk said today he will reinstate the Twitter accounts of several journalists that were suspended in a controversy over publishing public data about the billionaire’ s plane. “The people have spoken. Accounts who doxxed my location will have their suspension lifted now,” he tweeted.
JAKARTA : Indonesia’s parliament is expected to pass a bill this week that will allow former politicians to head Bank Indonesia (BI), the central bank, and expand its mandate to include supporting economic growth, moves that critics say could weaken its independence. The parliamentary commission overseeing the legislation, called the […]