Business
Japan’s Honda to scale back on electric vehicles, concentrate on hybrids
The company says it expects to sell 2.2 million to 2.3 million hybrid vehicles by 2030 Honda Motor said on Tuesday (May 20) that it was…
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Business
Business
Old Pakistan mosque fire misrepresented as 'India strike'
A year-old video of a fire near Pakistan's national mosque has been misused in posts that claim it shows the aftermath of a drone attack…
Business
Japan’s 20-year bond auction gets weakest demand since 2012
The sale comes after a recent surge in longer Japanese bond yields and increased volatility owing in part to US President Donald Trump’s…
Business
Australia’s central bank cuts rates to two-year low of 3.85%
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85 per cent, citing a darker…
Business
Asia: Markets rebound to track Wall Street up as China cuts rates
Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also…
Business
China EV battery giant CATL’s Hong Kong IPO positive for mainland listings: Morningstar
Chinese electric vehicle battery maker Contemporary Amperex Technology Company Limited (CATL) seemed poised for a winning start in its…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Business
CATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising
Shares in CATL closed 16 per cent higher on their Hong Kong debut on Tuesday (May 20) after the Chinese electric vehicle battery giant…
Business
Can Sam Altman Be Trusted with the Future?
In 2017, soon after Google researchers invented a new kind of neural network called a transformer, a young OpenAI engineer named Alec…
Business
After rocky week, Coinbase becomes first crypto exchange to join the S&P 500
Coinbase on Monday became the first cryptocurrency exchange to join the Standard & Poor’s 500 index, marking a pivotal moment for the…
Business
Student loan borrowers in these jobs have most long-term financial impact
A new national survey reveals that public-sector employees are significantly more likely to hold student loan debt than their…
Business
Billionaire Richard Li's FWD Group again files for Hong Kong listing
Its previous attempts to go public were scuttled by regulatory delays and market volatility Group, a Hong Kong-based insurer backed by…
Business
Apple partner Foxconn injects US$1.5 billion into India unit
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from…
Business
JPMorgan says interest income could rise this year even as uncertainty persists
JPMorgan Chase could earn more from interest payments this year as consumers and businesses remain resilient despite economic uncertainty,…
Business
US: Wall St opens lower after Moody's rating cut; yields rise
Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating,…
Business
23andMe sells gene-testing business to DNA drug maker Regeneron
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the…
Business
Kenny Smith Isn’t Going Fishing Yet
Last July, the National Basketball Association announced a new eleven-year media-rights agreement with Amazon, NBC, and ESPN, set to take…
Business
The President Who Became a Prophet
On April 1st, the day before President Donald Trump’s tariffs cratered global markets, House Speaker Mike Johnson told reporters “to trust…
Business
Why Criminal Background Checks Are Wise for Risk Management
Every decision you make when starting a business influences your success, especially those concerning who you work with. Initial investors…
Business
Microsoft layoffs hit its Silicon Valley workforce
Microsoft is slashing its Silicon Valley workforce. The tech giant, which is based in Washington but also has Bay Area offices, is cutting…
Business
3 Things to Look for in a Full-Service Marketing Agency
Having the best products or services isn’t enough for your business. The old adage that if you build something, customers will come is an…
Business
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing…
Business
How Donald Trump’s Crypto Dealings Push the Bounds of Corruption
Imagine that someone in a position of great political power created a hundred billion raffle tickets and made them available for public…
Business
Jamie Lee Curtis just wanted an AI ad removed, not to become the 'poster child of internet fakery’
Jamie Lee Curtis didn’t expect to be at the forefront of the artificial intelligence debate in Hollywood. But she didn’t have a choice.…