BEIJING: For the first time ever, it announced that it would build a charging network throughout China on Monday ( Mar 17 ), unveiled a new platform for electric vehicles ( EVs ) that it claimed would charge EVs as quickly as it takes to pump gas. The so-called” veryContinue Reading
Tokyo: Shares of the owner of 7-Eleven fell on Tuesday ( Mar 4 ) after a report revealed that the Japanese retailer intended to reject a multibillion-dollar takeover offer from Canada’s Alimentation Couche-Tard (ACT). An ACT give worth almost US$ 40 billion that would have been the largest internationalContinue Reading
TOKYO: Japan’s Seven &, i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday ( Feb 22 ). Since late last year, Bain has been bidding for a significant interest inContinue Reading
Earlier on Friday, Moody’s downgraded the credit score of Nissan to garbage, saying the choice “reflects Nissan’s poor success driven by slowing demand for its age type portfolio”. Nissan reported a 93 percent decline in first-half gross revenue last year, leading to thousands of job cuts, and the company thenContinue Reading
BEIJING: Taiwanese search engine slam dubbed Baidu’s announcement to make its next-generation artificial intelligence type Ernie open-source starting on June 30. This is a significant change in strategy as the competition is fierce. The development of DeepSeek has upended the field, but Baidu CEO Robin Li had long advocated forContinue Reading
Private surveys released on Monday ( Feb. 3 ) showed that Asia’s factory activity decreased in January as a result of soft Chinese demand and President Trump’s threat of higher tariffs, lowering the outlook for the region’s economy. The most recent stock observations come as the world’s markets sag afterContinue Reading
Tokyo and Seoul’s early trading on Monday ( Feb. 3 ) saw a rise in shares of the two cities as a result of US President Donald Trump’s massive trade tariffs on Canada, Mexico, and China. Tokyo’s benchmark Nikkei score fell 2.70 per share or 1, 067.17 items to 38,Continue Reading
INVESTORS “FEEL JOLT” Taipei dropped more than 3 % on the first day of trading since China’s DeepSeek unveiled a less expensive artificial intelligence platform to compete with US tech giants, including device titan and market-heavyweight TSMC. Buyers may also experience the jitter as businesses adjust to a decision thatContinue Reading
After its annual shipments in China dropped 17 %, research firm Canalys revealed on Thursday ( Jan 16 ), Apple was deposed as the country’s top smartphone seller in 2024, with local rivals Vivo and Huawei edging ahead of the company. It was Apple’s largest-ever quarterly sales collapse in ChinaContinue Reading
SEUL: Following the country’s deadliest air crash, which claimed 179 lives, on Monday ( Dec 30 ), Jeju Air’s shares hit their lowest level on record. Jeju Air shares traded down 8.5 per cent as of 12.12pm local time, after falling as much as 15.7 per cent earlier in theContinue Reading