News

Xpeng may add EV output in Europe, Latin America in growth push
March 26, 2025
[HONG KONG] Chinese electric vehicle (EV) maker Xpeng is looking to ramp up its global expansion, including investing in manufacturing plants and infrastructure, with a focus on large markets...
Trump drives trade war fears with 25% auto tariffs
March 26, 2025
[WASHINGTON] Asian auto stocks fell on Thursday (Mar 27) after US President Donald Trump unveiled a 25 per cent tariff on imported vehicles, expanding a global trade war and...
US: Stocks slip as auto tariffs approach
March 26, 2025
[NEW YORK] US stocks veered off course on Wednesday (Mar 26) after the White House said President Donald Trump would announce fresh tariffs on the auto sector after markets...
Opinion: Don’t mourn DFI’s sale of Cold Storage, Giant
March 26, 2025
While the group has a seemingly formidable portfolio of retailing brands, its shares have delivered a negative total return of 65.8% over the past 10 years[SINGAPORE] Some investors might...
Rivian spins out startup focused on small, lightweight electric vehicles
March 26, 2025
Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said Wednesday it’s spinning out its micromobility business into a...
China bubble tea chain Mixue profits spike 40% in 2024
March 26, 2025
[HONG KONG] Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest food and beverage chain, reported...
US dollar edges up as tariff uncertainty looms, pound in focus
March 26, 2025
THE US dollar edged up on Wednesday (Mar 26) as investors weighed up uncertainty about the US economic outlook and speculation over the timing and scale of potential US...
Wall Street bonuses jump 32% as total surges to record
March 26, 2025
One in every 11 jobs in the city is either directly or indirectly associated with the securities industry[NEW YORK] Wall Street banker bonuses rose 31.5 per cent to an...
Pop Mart profit more than doubles driven by Labubu-doll craze
March 26, 2025
The resultant strong overseas sales have turned Pop Mart into one of the hottest stocks, with shares up 350 per cent in the past year[HONG KONG] Pop Mart International...
23andMe shares tumble after bankruptcy filing and California attorney general’s privacy warning
March 24, 2025
South San Francisco-based genetic testing venture 23andMe saw its shares plunge more than 50% Monday after the company announced it had filed for Chapter 11 bankruptcy protection. The company...
OpenAI takes its pitch to Hollywood creatives after launching controversial video tool
March 21, 2025
Just months after OpenAI launched its controversial text-to-video artificial intelligence tool Sora for the general paying public, the company is making its sales pitch directly to L.A.’s filmmakers and...
Commentary: Elon Musk brought a Silicon Valley mindset to Trump’s Washington. It’s been a disaster
March 16, 2025
Washington has never seen anything like the rule-breaking, power-taking, government-torching, protocol-scorching force of delighted havoc and gleeful mayhem that is Elon Musk.Margaret O’Mara has.The University of Washington historian charted...