News
Nissan taps SoftBank-backed startup Wayve for AI driving system
The London-based company has tested its software using Ford Mustang Mach-E and Jaguar I-Pace electric sport utility vehicles, racking up miles in the UK, the US and Germany[TOKYO] Nissan...
Airbus plans to buy US$2 billion worth of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines[NEW DELHI] Airbus plans to bolster its sourcing from India to US$2...
Citibank, Vietnam Airlines ink US$560 million loan deal to buy aircraft
[HO CHI MINH CITY] Citibank signed a memorandum of understanding (MOU) to provide Vietnam Airlines at least US$560 million to partially finance what’s expected to be Boeing plane purchases,...
Gold climbs on safe-haven demand as Trump hikes China tariffs
[BENGALURU] Gold prices rose on Thursday (Apr 10) as investors turned to the safe-haven asset after US President Donald Trump escalated tariffs on China, the world’s top metal consumer,...
CEOs brace for recession even after tariff reprieve boosts stocks
[NEW YORK] Donald Trump’s 90-day reprieve on some tariffs sent the stock market soaring on Wednesday (Apr 9). But the chaos sown by the president’s trade war means corporate...
Trump says he does not want to see US Steel go to Japan
[WASHINGTON] US President Donald Trump said on Wednesday he does not want US Steel Corp to go to Japan, suggesting he does not support Nippon Steel’s US$14 billion bid...
Virgin Australia targets June IPO despite tariff turmoil
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s...
Virgin Australia targeting June IPO despite tariff turmoil: sources
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s...
Apple’s iPhone cost could rise 90% if it’s made in US: BOA
[LUTON] It’s possible for Apple to move iPhone production to America, but it would almost double the cost of making the device while creating logistical headaches, according to Bank...
Nike’s 30-year gamble on Vietnam is rattled by Trump tariffs
[NEW YORK] At Nike headquarters in Beaverton, Oregon, executives are trying to figure out how to best spread the pain of new tariffs.Nike, the factories that produce its goods,...
Amazon cancels some inventory orders from China after tariffs
[SEATTLE] Amazon.com has cancelled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and sources familiar with the matter, suggesting...
Coalition urges California attorney general to halt OpenAI’s for-profit restructuring
SAN FRANCISCO — A coalition of California nonprofits, foundations and labor groups are raising concerns about ChatGPT maker OpenAI, urging the state attorney general to halt the artificial intelligence startup’s...