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Plans For Electric Vehicles By Indian Auto Companies

India announced on Friday that it would reduce import duties on a select range of electric vehicles made by automakers who pledge to invest a minimum of $500 million and initiate local production within a three-year timeframe.   Due to a global slowdown in EV growth, the regulation will make...

Tesla And Its Competitors Receive Bad Grades For Their Automated Driving Systems

The U.S. Insurance Institute for Highway Safety gave Tesla's Autopilot and Full Self Driving technology, along with nine other assisted-driving systems used by big manufacturers, "poor" grades in a new report that was issued on Tuesday.   Based on crash data, the IIHS, the insurance...

The Crises Involving Byju's And PayTm Deal A Serious Blow To India's Once-Thriving Tech Industry

This year, the burgeoning Indian tech industry has been dealt a serious blow when startup darlings Byju's and a former Paytm affiliate went bankrupt under regulatory investigation.   “There’s been a bit of a reality check for the last couple of years in terms of how to keep corporate...

Tech Layoffs Surge In January Even As Microsoft, Alphabet, And Meta Set Records On The Wall Street

The Nasdaq is at its highest level in two years, while the S&P 500 is trading at a record high. On Thursday, the market capitalization of Microsoft, Meta, and Alphabet shares all exceeded $3 trillion, setting new records. But one needs to keep that from the supervisors. Silicon Valley is...

Restructuring Is Considered A Performance Enhancer By Half Of Japanese Companies

According to a Reuters survey, in the midst of a drive for companies to enhance governance, around half of Japanese firms are looking at reviewing or reorganising their businesses to boost corporate value, including acquisitions.   The poll results are the most recent indication of the...

Many In China Believe That The Country's Economy Is In A Recession

Melody Zhang paced nervously up and down her dorm's corridor the night before China's civil service exam, practicing her responses. She did not aware she had been crying the entire time until she returned to her room.   Zhang had applied for more than a hundred jobs in the media business...

The Exit Of Toy Producers From China Is Not A Trivial Matter

Toy manufacturers facing rising expenses in China are finding it difficult to move their production to less expensive locations.   Hasbro, the monopoly manufacturer, approached Aequs, an Indian provider of aerospace and durable goods, about a subcontract six years ago.   "They said if...

Possible Spike In Air Freight Rates As Shipments Via Sea Disrupted By Red Sea Attacks

In addition to raising maritime freight, the Houthi attacks in the Red maritime are also expected to increase air freight due to the disruption of global commerce flows.   Due to container ships taking lengthy diversions around South Africa's Cape of Good Hope in an attempt to evade the...

Dispute With India Results In Drop In Indian Students’ Study Permits: Canada Minister

Canadian minister claims that there is a disagreement about study visas for Indian students.   According to a top Canadian official who spoke to Reuters, Canada issued significantly fewer study permits to Indian students in the latter part of last year as a result of India expelling Canadian...

China's Lending By Banks In 2023 Reached A Record High, But The Country's Economy Remains Weak

While China's new bank lending increased less than anticipated in December, 2023 loans set a new high as the country's central bank maintained an accommodating monetary policy to bolster an unexpectedly fragile economic rebound.   According to figures issued by the People's Bank of China on...

Japan's Nikkei Surpasses 35,000 For The First Time In Almost 34 Years

On Thursday, Japan's Nikkei share average reached its highest level since February 1990, as a cheaper yen boosted exporters and concerns about an anticipated Bank of Japan raise faded amid dismal wage data.   The Nikkei surged 1.77% on its third consecutive day of gains this week, closing at...

Retailers Scramble To Avoid Delay In Delivery Of Their Spring Collections Because Of The Attacks On Ships In The Red Sea

Retailers around the world are stockpiling products ahead of China's Lunar New Year vacation and looking for air or train alternatives to shipment via the Red Sea in an effort to prevent bare shelves come spring, executives and experts told Reuters.   One European retailer stated that it was...
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