(Reuters) – Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday. EVs now have 42% more problems than their gas-powered counterparts, down from last year’s 79%, according to the Consumer Reports (CR) annual auto reliability …
SHANGHAI (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to …
Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs Read More »
HANOI (Reuters) – Nvidia and the Vietnamese government will jointly set up an AI research and development centre and an AI data centre in the Southeast Asian country under an agreement signed on Thursday. Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn’t provide the value of …
Nvidia to build AI research, data centres in Vietnam with govt Read More »
JAKARTA (Reuters) -Indonesia’s parliament said on Thursday it had proposed to the government to only raise the current value-added tax (VAT) rate for luxury items to avoid an impact on low income people. By law, VAT is set to rise by 1 percentage point to 12% starting Jan. 1 2025 to improve the country’s revenue …
Indonesian parliament proposes VAT hike only for luxury items Read More »
(Reuters) – Singapore Technologies Telemedia said on Wednesday Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in Malaysia. Under a conditional share purchase deal, Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia, the …
ST Telemedia sells majority stake in Malaysian telecom firm U Mobile Read More »
JAKARTA (Reuters) -Tech giant Apple <AAPL.O> plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia’s investment minister said on Thursday. In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to …
Apple plans $1 billion manufacturing plant investment in Indonesia, minister says Read More »
By Wen-Yee Lee and Fanny Potkin TAIPEI/SINGAPORE (Reuters) – Taiwan Semiconductor Manufacturing Co is in discussions with Nvidia Corp to produce its Blackwell artificial intelligence chips at the contract manufacturer’s new plant in Arizona, three sources familiar with the matter said. TSMC is already making preparations to start production early next year, the sources said. …
Exclusive-TSMC in talks with Nvidia for AI chip production in Arizona, sources say Read More »
By Yadarisa Shabong (Reuters) -China’s Zhifei will pay GSK about 2.3 billion pounds ($2.9 billion) for the exclusive rights to distribute GSK’s shingles vaccine in China, the UK drugmaker said on Thursday, lower than previously agreed though the deal has been extended. The deal also now includes exclusive rights for China’s largest vaccine company to …
GSK to get less from Zhifei shingles vaccine deal; to collaborate on RSV Read More »
BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan’s president to transit through its territory. The step follows China’s strong objection to the United States authorising a …
China slaps sanctions on 13 US military firms over Taiwan arms sale Read More »
By Leika Kihara HIROSHIMA (Reuters) -Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must scrutinise various economic indicators, including those on wages and business sentiment, in its deliberations on whether to raise interest rates this month. The remark by Nakamura, who is considered as dovish on monetary policy, likely keeps …
Dovish BOJ board member says rate decision will be ‘data dependent’ Read More »
