Reuters Asia Business

BEIJING (Reuters) -Chinese electric vehicle (EV) giant BYD has signed an agreement with Huawei to use the Chinese tech conglomerate’s advanced autonomous driving system in its off-road Fangchengbao EVs, Huawei said on Tuesday. The Bao 8 SUV under the Fangchengbao lineup will be the first BYD model to sport Huawei’s Qiankun intelligent driving system and …

China’s BYD to use Huawei’s advanced autonomous driving system in off-road EVs Read More »

BEIJING (Reuters) – China’s nascent low-altitude economy – made up of manned or unmanned aviation services at low elevations – has captured investors’ interest but many lack information and guidance about how the sector could develop, an industry group said on Tuesday. Initial plans for China’s low-altitude economy often refer to services such as small-scale …

China’s low-altitude economy lacks growth roadmap, says industry group Read More »

TOKYO (Reuters) – The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly “tankan” business survey to more accurately reflect wage trends in the country’s monetary policy. The central bank plans to conduct several preliminary surveys on wage growth as well as its economic outlook …

BOJ to begin initial research to include wage trends to ‘tankan’ Read More »

JAKARTA (Reuters) – Indonesia plans to reinstate the full tax break on property purchases worth up to 5 billion rupiah ($323,000) for the second half of 2024 to help support demand, its chief economic minister said on Tuesday. Under the policy, the government covers the cost of value-added tax on up to 2 billion rupiah …

Indonesia reinstates full tax break for property purchases until December Read More »

By Promit Mukherjee and Akash Sriram OTTAWA (Reuters) -Canada, following the lead of the United States and European Union, said on Monday it would impose a 100% tariff on imports of Chinese electric vehicles and also announced a 25% tariff on imported steel and aluminum from China. The duties apply to all EVs shipped from …

Canada to impose 100% tariff on Chinese EVs, including Teslas Read More »

By Allison Lampert and Maki Shiraki MONTREAL/TOKYO (Reuters) – Aviation officials from Asia are making a case for global action to reduce injuries from turbulence, with recent high-profile incidents driving calls to improve forecasting across borders at a Montreal gathering of regulators starting Monday. While turbulence does not frequently cause fatalities, it is the leading …

Aviation regulators press for global efforts to tackle turbulence Read More »