Tesla scouts for showroom space in India, hires executive for lobbying

Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.
8 April 2021, 18:00 PM

Cambodia starts vaccinating textile factory workers

Cambodia started on Wednesday to vaccinate workers in its textile industry, concentrating on the $7 billion backbone of its economy to help jump-start a post-pandemic recovery.
7 April 2021, 18:00 PM

Samsung Electronics, LG forecast 40pc leaps in Q1 operating profits

South Korea’s two biggest electronics firms both forecast jumps of around 40 percent in their first-quarter operating profits Wednesday, with coronavirus-driven working from home fuelling global demand for semiconductors and home appliances.
7 April 2021, 18:00 PM

Rupee loses 1.5pc in biggest single-day fall for 20 months

The Indian rupee lost 1.5 per cent on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme.
7 April 2021, 18:00 PM

Global minimum tax for corporations inches towards reality

Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
7 April 2021, 18:00 PM

Alibaba's Lazada appoints Chun Li as new CEO

Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding, says on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
26 June 2020, 06:59 AM

United Airlines sharply cuts flights to Asia

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.
29 February 2020, 18:00 PM

India to woo businesses to Kashmir in planned investment summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes.
13 February 2020, 18:00 PM

France says won’t bar Huawei from 5G network

France on Thursday said Chinese telecommunications firm Huawei would not be excluded from supplying equipment for 5G networks in the country but could be subject to restrictions and Paris may prioritise European operators.
13 February 2020, 18:00 PM

Nissan slashes profit outlook after sales slide, says more restructuring needed

Nissan Motor Co on Thursday cut its annual operating profit forecast by 43 per cent, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.
13 February 2020, 18:00 PM

Nestle boss Schneider eyes more deals to bolster growth ambitions

Nestle Chief Executive Mark Schneider will fine-tune his transformation plans with more acquisitions, he said after the Swiss food group lowered growth expectations on Thursday. The company had earlier said it will take longer than expected to hit its 2020 organic growth target despite posting its highest annual growth in four years and improved profitability.
13 February 2020, 18:00 PM

Apple reopens some stores in Beijing

Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
13 February 2020, 18:00 PM

Economists eye silver lining in India’s rising rural inflation numbers

India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs - a revival in demand in the rural economy.
13 February 2020, 18:00 PM

Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash.
13 February 2020, 18:00 PM

BMW aims to slash CO2 output by 20pc in 2020

German high-end carmaker BMW aims to slash the amount of carbon dioxide (CO2) emitted by its cars sold in Europe this year by 20 percent, its chief executive said Wednesday.
12 February 2020, 18:00 PM

‘Everyone is guessing’ about coronavirus economic impacts: experts

The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people so far, mostly in China.
12 February 2020, 18:00 PM

Samsung unveils foldable phone, Galaxy S20 to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
12 February 2020, 18:00 PM

Japan’s efforts to raise wages wane as firms embrace merit-based pay

More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy.
12 February 2020, 18:00 PM

Google vs EU: a decade-long saga goes to court

Google and the EU have a big day in court Wednesday as the search engine giant enters a new phase of a legal saga that began a decade ago.
12 February 2020, 18:00 PM

Singer Bangladesh records 12pc rise in earnings

Singer Bangladesh recorded a 12 per cent rise in earnings for the year ending on December 31, 2019 when the company declared 77 per cent cash dividend amounting to Tk 76.8 crore for its shareholders.
12 February 2020, 18:00 PM