Asian technology stocks fell sharply on Tuesday as a sell-off in US semiconductor shares spread across regional markets, with concerns about artificial intelligence investment, access to capital and intensifying competition from Chinese
China and the European Union have reached an understanding to reduce Chinese hybrid electric vehicle exports to the European market by more than half, according to statements following marathon trade negotiations in
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Mercedes-Benz workers’ representative Ergun Lümali has warned that threats of factory closures and demands for employee concessions risk damaging trust between management and the workforce, as the German carmaker seeks to reduce
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Volkswagen has been fined €1.2 million by Germany’s Federal Financial Supervisory Authority (BaFin) for failing to meet mandatory financial disclosure requirements after issuing an earnings forecast for 2023 that significantly exceeded market
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Investors are overestimating the risk of a military conflict across the Taiwan Strait, a senior US diplomat has said, arguing that deterrence and the prospect of substantial consequences would prevent China from
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Elon Musk has publicly challenged Indian billionaire Mukesh Ambani over delays in launching SpaceX’s Starlink satellite internet service in India, accusing powerful business interests of obstructing competition in one of the world’s
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Britain has formally closed its nearly 200-year-old consulate in East Jerusalem following pressure from Israel, marking a new low in relations between the two countries over British sanctions against Israeli settlements in
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Reports that Eritrean troops have crossed into Ethiopia and advanced towards the northern region of Tigray have heightened fears of a renewed war in the Horn of Africa, following warnings from the
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Airlines and airports could play a significant role in detecting and containing a potential outbreak of pneumonic plague linked to a lab technician’s death in Russia, drawing on public-health measures developed during
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President Donald Trump said on Wednesday that US officials did not believe the reported death of a Russian laboratory worker was connected to a bioweapon, while calling for more information from Moscow
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Elon Musk has accused unnamed “oligarchs” of obstructing Starlink’s commercial launch in India, claiming the satellite internet service is being prevented from operating to preserve a “monopolistic chokehold” over the country’s internet
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China’s export engine retains room to expand, but its longer-term prospects may increasingly depend on whether overseas economies can generate enough growth to absorb rising volumes of Chinese products. A Goldman Sachs
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Samsung Electronics is expected to report a nearly nine-fold increase in third-quarter operating profit, as demand for artificial-intelligence infrastructure continues to drive a prolonged shortage of memory chips. Analysts nevertheless have reduced
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The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday, its first increase in nearly four years, as rising inflation and strong economic growth
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The global oil market has lost much of the storage buffer that has traditionally helped absorb supply disruptions, with industry executives warning that readily accessible inventories are now running dangerously low. More
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Paramount Skydance completed its $110 billion takeover of Warner Bros Discovery on Tuesday, creating a major Hollywood conglomerate and giving chief executive David Ellison control of one of the world’s largest entertainment
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