Car Price Cuts in China Are Intensifying, and That’s Bad News
Discounts continuing at the pace they are arguably isn’t good for anyone, no matter how happy it may make consumers today.
Bloomberg Business
EV Battery Stocks in Korea Add to This Year’s Sharp Gains
Korean stocks tied to the electric-vehicles’ battery space extended this year’s frenzied rally on Monday, with market watchers citing a slew of positive developments in the sector.
China’s SenseTime Unfurls Latest Challenger to ChatGPT
SenseTime Group Inc. showed off a suite of new artificial-intelligence services developed with the company’s access to vast troves of data and deep computing power, including the latest Chinese challenger to AI phenom ChatGPT.
India to Get Below-Average Monsoon This Year in Risk to Economy
(Bloomberg) — India will likely see below-normal monsoon rain this year, according to a private forecaster, a prospect that could hurt its vast agriculture sector and stoke inflation in Asia’s third-biggest economy.
Philippines Won’t Allow Military Sites US Can Access for Offensive Moves
Philippine President Ferdinand Marcos Jr. said the four new sites that the US can access under an expanded defense agreement are intended to bolster the Southeast Asian nation’s capability to defend its territory, and not for any offensive moves.
China Calls Report About Spy Post on Myanmar Island ‘Nonsense’
China has hit back at a report that India confronted Myanmar in recent months with intelligence showing that Beijing is providing help building a surveillance post on a remote island in the Bay of Bengal.
Turkish Current Account Stays Deep in Red, Comes Off Record High
Turkey’s current-account balance stayed deep in the red in February, a key vulnerability for the economy as President Recep Tayyip Erdogan’s government tries to keep the lira and inflation in check ahead of elections next month.
OpenAI CEO Plans Japan Expansion After Meeting Prime Minister Kishida
Sam Altman, co-founder and chief executive officer of OpenAI, said the organization is looking at opening a Japan office and expanding Japanese language services after meeting with Prime Minister Fumio Kishida.
Jokowi-Backed Presidential Hopeful’s Rating Falls on Soccer Flop
Ganjar Pranowo lost the top spot as Indonesia’s most popular presidential hopeful after his comments against Israeli participation in the Under 20 FIFA World Cup were blamed for the removal of the country’s hosting rights, a survey showed.
Philippine Tycoon Seeks $125 Million for Global Hotel Push
Edgar “Injap” Sia, who turned a chicken BBQ startup into one of the biggest Philippine restaurant chains, said his hotel venture is seeking to raise as much as $125 million this year to ramp up overseas expansion.
