STOCKHOLM (Reuters) – Sweden-based Volvo Cars said on Wednesday that sales increased by 10% year-on-year in April to 51,976 cars, boosted by strong gains in China. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales in China were up 46%. In Europe, its biggest market, sales were up 5%, …
Volvo Cars’ sales grow 10% in April on demand jump in China Read More »
By Choonsik Yoo and Jihoon Lee INCHEON, South Korea (Reuters) -South Korea is seeking to have its domestic bonds added to a key international market index this year although a decision by the benchmark publisher may not be made until September next year, the country’s finance minister told Reuters on Wednesday. The government has said …
South Korea fin min seeking to get domestic bonds into WGBI this year Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its …
Sri Lanka apparel exports to drop by $1 billion in 2023-trade body Read More »
By Devjyot Ghoshal BANGKOK (Reuters) – Thailand is in talks with China’s CATL and other battery makers to build production facilities in Southeast Asia’s second-largest economy that has ambitions to become a regional EV production hub, a government official said. These discussions come as Thailand, a regional autos hub, pushes to become a key player …
Thailand in talks with CATL, others on potential battery plants, govt official says Read More »
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and slowing growth prospects amid a dearth of meetings on monetary policy decisions. April saw two interest rate hikes across five meetings by central …
Global rate hike push slows to a trickle in April ahead of busy May Read More »
TOKYO (Reuters) -Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the company’s chairman told the Kyodo news agency. The company also requires an additional 3 trillion yen to fund mass production and is considering …
Japanese chipmaker Rapidus considers listing for capex needs -Kyodo Read More »
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits and comparable sales, powered by a sharp recovery in business in China and steady demand for its coffees and cold drinks in North America. With most of China’s COVID-19 curbs now scrapped, consumer mobility and spending …
Starbucks sales, profits top estimates on China recovery Read More »
(Reuters) – A pioneer of artificial intelligence said he quit Google to speak freely about the technology’s dangers, after realising computers could become smarter than people far sooner than he and other experts had expected. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Geoffrey Hinton …
Google AI pioneer says he quit to speak freely about technology’s ‘dangers’ Read More »
By Julia Payne BRUSSELS (Reuters) – A group of 19 European Union member states are pushing for measures to reduce the bloc’s dependency on Chinese imports of pharmaceutical ingredients, a paper dated May 2 showed. The move comes a week after the European Commission proposed an overhaul of the legislation governing its 136 billion euro …
Group of EU states seeks to reduce dependency on China for pharmaceuticals Read More »
By Krystal Hu (Reuters) – Inflection AI, the AI startup founded by LinkedIn co-founder Reid Hoffman and former Deepmind researcher Mustafa Suleyman, has released its first AI chatbot product, the company said on Tuesday. Similar to the viral chatbot ChatGPT, Inflection’s AI chatbot, named Pi, uses generative AI technology to interact with users through conversations, …
Reid Hoffman’s new AI startup Inflection launches ChatGPT-like chatbot Read More »
