HONG KONG (Reuters) – China’s tech firm Baidu Inc said on Friday that it has obtained a licence from regulators to offer driverless ride-hailing services in Shenzhen. Its fleet of robotaxis, under the brand Apollo Go, will be allowed to operate across an area of 188 square kilometres in China’s southern tech hub Shenzhen, making …
Baidu wins licence to operate driverless taxis in Shenzhen Read More »
By Fanny Potkin and Panu Wongcha-um SINGAPORE/BANGKOK (Reuters) -Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose “guardrails” on the booming technology, five officials with direct knowledge of the matter told Reuters. Regulators across the world are rushing to draft regulations to govern the use of generative AI, …
Southeast Asia to set ‘guardrails’ on AI with new governance code -sources Read More »
(Reuters) – The Bank of Japan (BOJ) maintained ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which was conducted in Japanese, as …
Quotes: BOJ Governor Ueda’s comments at news conference Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan’s Idemitsu Kosan Co said on Friday it has increased its stake in Australian lithium company Delta Lithium Limited (DLI) to 15% as it expands in rare metals essential for the transition to green energy. The move comes amid a global push by automakers to electrify their …
Japan expands lithium hunting with Idemitsu Australia push Read More »
By Jan Schwartz and Victoria Waldersee (Reuters) – Volkswagen will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. Pressure is high after a turbulent shareholder meeting in …
Volkswagen to face investor grilling on China, costs at capital markets day Read More »
JAKARTA (Reuters) – Bondholders of Indonesia’s construction firm Waskita Karya have rejected a proposal to delay coupon and principal payments on notes worth the equivalent of $154 million due on Friday, the firm said in a stock exchange filing late Thursday. Trading of securities of the state-controlled firm at the Indonesia stock exchange has been …
Bondholders of Indonesia’s Waskita reject payment deferral again Read More »
(Reuters) – Japan’s Nikkei notched a fresh three-decade high and its 10th consecutive weekly gain on Friday, as investors cheered the central bank leaving its ultra-easy policy settings unchanged. The Bank of Japan (BOJ) kept intact its pledge to “patiently” maintain massive stimulus. The Nikkei closed 0.7% higher at 33,706, having touched a 33-year high …
Nikkei clinches fresh three-decade high as BOJ stands pat Read More »
By Stella Qiu SYDNEY (Reuters) -In 2018 Paul Wang left his home in Beijing to start a new life in Australia, investing A$1 million ($680,000) in a food processing business in the hopes of qualifying for permanent residency under the country’s investment visa scheme. Five years on, his hopes for his family of three remain …
Australia’s visa overhaul leaves Chinese millionaires in limbo Read More »
By Hyunjoo Jin and Samrhitha A (Reuters) -SK Signet said on Thursday it will introduce electric-vehicle chargers compatible with Tesla’s technology this year, following recent moves by major automakers Ford and GM to adopt Tesla’s North American Charging Standard (NACS). Electric vehicle charging companies are cautiously embracing Tesla’s charging design, as they are in danger …
SK Signet to launch EV chargers with Tesla’s charging standard this year Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term target of 2%. The ECB …
Euro advances, surges to 15-year peak vs yen, after ECB lifts rates Read More »
