Apple has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added. […]
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WASHINGTON: South Korea’s Hyundai Motor Group said on Friday (May 20) it plans to invest about US$5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is […]
SEOUL : South Korea’s new central bank chief said on Monday the country’s future monetary policy would be largely dependent on data flows, although inflation was a bigger concern for now than economic growth. Rhee Chang-yong, inaugurated last week as governor of the Bank of Korea, also told reporters the […]
A Florida official praised Elon Musk’s offer to buy Twitter Inc and said pension officials will tell the company its efforts to fend off the bid could hurt shareholder value. “We’re definitely very concerned about them leaving offers on the table,” said Florida Chief Financial Officer Jimmy Patronis in a […]
TOKYO : Toshiba Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company. The company has retained Nomura Securities as an adviser and expects to complete evaluation of non-binding proposals before its annual general meeting of shareholders, it said in a release. […]
JAKARTA : Indonesia’s exports and imports hit record highs in March amid rising commodity prices due to the impacts of the Ukraine war, helping the resource-rich country book a wider-than-expected trade surplus, statistics bureau data showed on Monday. March exports from Indonesia were worth $26.5 billion, up 44.36per cent on […]
Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter Inc with a $43 billion cash takeover offer. After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board […]
WELLINGTON: Australians started arriving in New Zealand today after it opened its borders to travellers from its neighbouring nation for the first time since mid-2021. New Zealand had some of the toughest curbs in the world during the pandemic and its borders have been closed for most of the time […]
SHANGHAI: Shanghai today said it was trying its best to improve the distribution of food and essential goods to locked-in residents, responding to growing discontent over such difficulties as Covid curbs stretched into an 11th day. China’s financial hub has fallen largely silent after the city imposed harsh movement restrictions […]
NEW DELHI: India’s government today said it has banned 22 YouTube channels, including four of Pakistani origin, for disinformation on subjects concerning national security and public order, the latest such federal crackdown in the country. The country’s Ministry of Information & Broadcasting said the blocked YouTube channels had a combined […]