The unemployment rate has risen to its highest rate for more than two years, according to the latest government data. The rate climbed to 4.4% in February to April this year, up from the previous figure of 4.3% and the highest since September 2021. The Office for National Statistics also said there was another increase […]
French President Emmanuel Macron attends a trilateral meeting with China’s President Xi Jinping and European Commission President Ursula von der Leyen (not seen) at the Elysee Palace in Paris as part of the Chinese president’s two-day state visit in France, May 6, 2024. Gonzalo Fuentes | Reuters French President Emmanuel Macron’s decision to call a […]
Singapore Airlines has offered to pay compensation to those who were injured on a London to Singapore flight that encountered severe turbulence. In a social media post, the airline said it was offering to pay $10,000 (£7,800) to those who sustained minor injuries. For passengers with more serious injuries, the airline is providing “an advance […]
Gold bars Ktsdesign | Science Photo Library SINGAPORE — Singapore is set to become a leading gold hub as trading shifts east, according to the World Gold Council. One key reason is that gold consumption in major emerging economies is rising, and a majority of these markets are concentrated in Asia, said Shaokai Fan, head […]
The head of the US Senate Finance Committee has expanded an investigation into BMW after the car maker was found to have imported vehicles into America that contained banned Chinese parts. In a letter to BMW North America, Senator Ron Wyden, asked the firm for more details about its supply chain, including whether it had […]
Morgan Stanley named a new top pick which it called a “unique Nvidia proxy.” That’s Aspeed Technology, a Taiwan-listed fabless chip designer which Morgan Stanley pointed out is the Nvidia’s only supplier of baseboard management controller processors, which are a key component of the tech giant’s artificial intelligence graphics processing unit, GB200. On top of […]
39 minutes ago By Theo Leggett, BBC international business correspondent Getty Images Chinese firms are said to be able to make electric cars for 25% less than their European and US rivals With China accused of selling electric cars at artificially low prices, the European Union is widely expected to hit them with tariffs this week. The […]
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on […]
11 hours ago By Zoe Kleinman, Technology editor • Liv McMahon, Technology reporter Reuters Apple boss Tim Cook pictured on-stage at WWDC 2024 Apple is to boost its Siri voice assistant and operating systems with OpenAI’s ChatGPT as it seeks to catch up in the AI race. The iPhone maker announced the Siri makeover along with a number of other […]
Following bombshell allegations earlier this year, a new report by the Transportation Ministry of Japan found that Toyota falsified data to certify select vehicles. The news caused the carmaker’s stock valuation to plummet by $15 billion in one week. Toyota dipped an estimated 5.3% following the June 3 report, resulting in a loss of 2.45 […]