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TSMC’s bullish outlook cheers Asian stocks, Taiwan govt

TAIPEI (Reuters) -Taiwanese chipmaker TSMC's Taipei-listed shares soared on Friday after the company gave a bullish outlook on the back of the boom in artificial intelligence (AI), delivering a

Exclusive-BYD’s Thai distributor to triple EV dealerships, expand commercial offerings

By Devjyot Ghoshal and Chayut Setboonsarng BANGKOK (Reuters) - The sole Thai distributor of BYD, the world's biggest electric vehicle maker, will triple its dealerships in Thailand in two years, it

Huawei makes a break from Android with next version of Harmony OS – Caixin

SHENZHEN, China (Reuters) - China's Huawei Technologies will not support Android apps on the latest iteration of its in-house Harmony operating system, domestic financial media Caixin reported, as the

TSMC’s bullish outlook cheers Taiwan stocks, government

TAIPEI (Reuters) -Taipei-listed shares of Taiwanese chipmaker TSMC soared on Friday after the company gave a bullish outlook for the year on the back of the boom in artificial intelligence (AI),

Amazon’s AWS to invest $15 billion to expand cloud computing in Japan

TOKYO (Reuters) - Amazon Web Services (AWS) said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand its cloud computing infrastructure. The Amazon.com unit is

China to prevent superfluous new energy vehicle projects by local governments

BEIJING (Reuters) - China will take forceful measures to prevent superfluous new energy vehicle (NEV) projects by some local governments and automakers, China's vice industry minister Xin Guobin said

TSMC shares soar after bullish outlook

TAIPEI (Reuters) - Taipei-listed shares of Taiwanese chipmaker TSMC opened up 6% on Friday after the company projected more than 20% growth in 2024 revenue on booming demand for high-end chips used in

Cadillac ramps up Lyriq electric vehicle output as battery supply grows

By Abhirup Roy SAN FRANCISCO (Reuters) - General Motors' Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for

Cummins, Daimler Truck, PACCAR pick Mississippi for battery cell production

(Reuters) - Accelera, a zero-emissions business unit of Cummins, Daimler Trucks & Buses US Holding, and PACCAR, on Thursday picked Marshall County, Mississippi as the site for advanced battery cell

Amazon lays off about 5% of workforce at Buy with Prime unit

(Reuters) - Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants,

On Camera

Air India crash report shows an institutional reform of AAIB and aviation ministry is in order

The civil aviation ministry could have recognised the enormity of the Air India crash and prepared the AAIB and its investigating team for its sensitivities.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up

PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.