Reuters Asia Business

(Reuters) -Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve self-driving, Nikkei reported on Tuesday. The automaker and the Tokyo-headquartered telecommunications major are planning to develop automotive software which will use AI to anticipate accidents and take …

Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports Read More »

By Erwin Seba HOUSTON (Reuters) -Oil prices tumbled 6% on Monday, or more than $4 a barrel, after Saturday’s retaliatory strike by Israel against Iran’s military bypassed oil and nuclear facilities, not disrupting energy supplies. Brent futures settled at $71.42 a barrel, down $4.63 or 6.09%. WTI U.S. crude futures finished at $67.38 a barrel, …

Oil falls 6% on reduced risk of wider Middle East war Read More »

By Christoph Steitz and Victoria Waldersee FRANKFURT/BERLIN (Reuters) – Volkswagen’s plans to close plants in Germany and dissolve long-standing labour agreements with unions have put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for years. Like other German conglomerates, the 87-year-old automaker is the result of decades of …

Explainer-Volkswagen Law: the unique structure behind the German carmaker’s labour clash Read More »

By Brigid Riley and Kevin Buckland TOKYO (Reuters) – Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba’s coalition lost its parliamentary majority in a drubbing in Sunday’s election, raising uncertainty over the path for policy and the economy. Ishiba’s Liberal Democratic Party (LDP), which has …

Japan stocks rally as yen tumbles after coalition drubbing Read More »

By Makiko Yamazaki TOKYO (Reuters) – The loss of Japan’s ruling bloc’s parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential complications for further central bank interest rates hikes. Prime Minister Shigeru Ishiba’s ruling Liberal Democratic Party (LDP) and its longtime partner Komeito failed to retain …

Japan’s political shakeup complicates BOJ, fiscal policy outlook Read More »

JAKARTA (Reuters) – Tech giant Apple Inc will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country’s rules on the use of locally made components, the industry ministry said. Indonesia requires certain smartphones sold domestically to contain at least 40% of parts manufactured locally and the …

Apple iPhone 16 sales blocked in Indonesia due to local parts rule Read More »