Global News


17 April 2019 - Lotus plans comeback with all electric hypercar
  1. More Lotus announced a concept for the first fully electric British hypercar, the Type 130
16 April 2019 - Toyota sells electric vehicle technology to Chinese startup Singulato
  1. More Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle (EV) startup, allowing the fledgling firm to speed up development of a planned mini EV
16 April 2019 - Lotus announces comeback with all-electric supercar, Geely cash
  1. More Lotus announced a concept for the first fully electric British hypercar, the Type 130
15 April 2019 - Volkswagen pushes battery partners to build Gigafactories
  1. More Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters
15 April 2019 - Trade rows cloud global economy
  1. More Global finance officials tell countries to take steps to boost growth
15 April 2019 - Carmakers Found to Make Slow Progress Toward Digital Redo
  1. More Auto companies are finding that it’s easier to adopt the trappings of the digital economy than to push through the changes necessary to become full-blown members
15 April 2019 - Ikea to rent, recycle furniture in green push
  1. More Ikea will start renting and recycling furniture worldwide as part of an eco-friendly drive to address concerns its affordable, flat-pack business model leads to overconsumption and waste
12 April 2019 - EU tariffs to target 20 billion euros of US imports — diplomats
  1. More ​The European Commission has drawn up a list of US imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said
12 April 2019 - Japan urges G20 to strengthen global coordination
  1. More Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China's slowdown cloud the global growth outlook
12 April 2019 - Tesla, Panasonic to seek productivity gains before new battery investments
  1. More ​Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said
11 April 2019 - Amazon-Microsoft Face-Off Set for Pentagon's $10 Billion Cloud
  1. More ​Amazon.com Inc. and Microsoft Corp. are the last competitors standing in the Pentagon’s winner-take-all competition for a $10 billion cloud services contract, the Defense Department said
11 April 2019 - Volvo explores closer ties with Geely in China
  1. More Possible tie-up offers clues into Swedish truckmaker’s plans
11 April 2019 - The Future is Here
  1. More The state of IoT adoption among industries
11 April 2019 - VW eyes JAC Motors stake?
  1. More German carmaker taps Goldman Sachs as adviser, say sources
11 April 2019 - Driving up Renault, Volvo investments
  1. More Indonesia wants carmakers to build plants, assembly units
09 April 2019 - Resilient Asean economies
  1. More Region will continue to grow quite well, albeit more slowly, says Singapore minister
05 April 2019 - Southeast Asia launches US$1 bil facility for green infrastructure
  1. More ​The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than US$1 billion in green infrastructure investments across Southeast Asia
05 April 2019 - Risk of another ugly US jobs report
  1. More Investors wary ahead of report with markets reflecting bets that a recession is looming
05 April 2019 - German manufacturing orders plunge
  1. More ​German factory orders unexpectedly plunged in February, adding to evidence that Europe’s largest economy is some way off from overcoming a painful slump in industry
04 April 2019 - ADB: Trade war, Brexit risks rising
  1. More Lender projects slower growth of 5.7pc for developing Asia this year
04 April 2019 - Toyota to provide royalty-free access to hybrid vehicle tech patents
  1. More Toyota Motor Corp will offer royalty-free access to its hybrid vehicle technology patents through 2030, as it seeks to expand use of lower emissions vehicles before the global auto industry shifts to all battery electric cars
04 April 2019 - In the end, the Brexit choice is stay or go
  1. More The root of the Brexit crisis is not, as you might think, the failure of the hard-Brexit Tories to compromise. Rather, it’s that no good compromise exists
02 April 2019 - China makes U.S. trade consessions
  1. More Beijing to extend retaliatory tariffs on cars and add opioid on controlled substances list
02 April 2019 - U.K. Brexit Crisis Deepens as Commons Fails to Find Plan B
  1. More ​The U.K.’s deadlocked Parliament failed to agree on a new blueprint for Brexit, rejecting all the options that were put forward to replace Theresa May’s unpopular deal
01 April 2019 - Saudi Aramco world's biggest oil producer in 2018 — Fitch Ratings
  1. More ​Saudi Aramco was by far the world's biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said
01 April 2019 - China's Factories Stabilize, Easing Fears for Global Outlook
  1. More China’s first official economic gauge for March signaled a stabilization in the world’s second-largest economy, easing one of the biggest worries for the global outlook
01 April 2019 - Global sustainable investments rise 34% to US$30.7 tril
  1. More ​Global socially responsible investments grew by 34% to US$30.7 trillion over the past two years, lifted by Japanese pension funds, retail investors everywhere and broad, growing concern about climate change
29 March 2019 - Sony closing smartphone plant in China, shifts production to Thailand
  1. More Sony Corp will close its smartphone plant in Beijing in the next few days, a company spokesman said, as the Japanese electronics giant aims to cut costs in the loss-making business
28 March 2019 - China's Economy Shows More Signs of Recovery, Earliest Data Show
  1. More ​China’s economy is showing further signs of recovery after months of slowdown, though downward pressures still persist
28 March 2019 - Singapore backs lab-grown meat, robots in US$535m push
  1. More ​Singapore will allocate S$724 million (US$535 million) under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs
28 March 2019 - UK ‘less attractive to FDI’, says Brexit report
  1. More Greenfield FDI projects undertaken in Northern Ireland are forecast to fall 3% per year, says a new report. Alex Irwin-Hunt reports
27 March 2019 - Aramco to buy US$69 bil Sabic stake in record Mideast deal
  1. More ​Saudi Aramco will buy a majority stake in Saudi Basic Industries Corp from the kingdom’s sovereign wealth fund, as the world’s biggest oil firm turns its attention to petrochemicals
26 March 2019 - China will open further to foreign investment — premier assures global executives
  1. More ​Chinese Premier Li Keqiang reaffirmed Beijing's pledge to further open up to foreign investment as he met with global business executives, and sought to assure them that the rights of foreign firms would be protected
26 March 2019 - Big winner from Trump's solar tariffs didn't even ask for them
  1. More ​It’s been a little over a year since President Donald Trump slapped tariffs on solar equipment imports in the name of American jobs and manufacturing
26 March 2019 - The UK’s Tech Scene
  1. More Technology is at the heart of the UK economy - whether it's artificial intelligence, blockchain, cyber security or data analytics, It spurs innovation and investments, bringing tremendous impact on economic growth. According to the Tech Nation Report 2018, the UK digital tech sector now brings nearly £184 billion to the economy. The turnover of digital technology companies has grown by 4.5% between 2016 and 2017; significantly higher than the 1.7% growth in UK GDP during the same period. Having transformed the digital tech sector successfully, there is a lot of knowledge and experience that the UK can share with Malaysia
25 March 2019 - China to reduce government intervention in industrial sector
  1. More ​China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-U.S. trade war
25 March 2019 - China’s co-working industry turns to services
  1. More Co-working space operators in China are shifting their focus from ambitious expansion plans to services such as customising offices for clients, as rising vacancy rates and tighter financing slow their exponential growth of the past two years
23 March 2019 - Iris Ohyama to shift China fan production to South Korea
  1. More Trade war spurs Japanese company to protect US-bound shipments from higher tariffs
22 March 2019 - Pakistan eyes US$900m investment deals during Dr M's visit
  1. More ​Pakistan is set to sign deals worth US$900 million in telecoms, information technology during a three day visit by Malaysian Prime Minister Tun Dr Mahathir Mohamad, a senior official said on Thursday (March 21)
20 March 2019 - 8 predictions for the tech scene in Southeast Asia
  1. More In February last year, Catcha Group made several predictions that it felt could reshape the region's tech scene until 2020. About a year later, here's an update on what has occurred so far
20 March 2019 - China's Xi says wants to take ties with Italy into new era: paper
  1. More China is ready to strengthen “a global strategic partnership” with Italy, Chinese President Xi Jinping wrote in an Italian daily on the eve of his visit to the euro zone’s third-largest economy
19 March 2019 - Hyundai Motor, Kia to invest $300 million in India's Ola
  1. More ​South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms
19 March 2019 - Huawei leads Asian domination with 5,405 applications
  1. More Chinese teecoms giant Huawei Technologies Co led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organisation (WIPO) last year, said WIPO
18 March 2019 - Brexit spurs biggest cut in UK business investment in 10 years: BCC
  1. More ​British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said
18 March 2019 - Germany’s bid to catch up on digital age hinges on 5G auction
  1. More ​Germany’s effort to catch up to the digital age starts this week when the gavel falls on the auction for the airwaves to build ultra-fast 5G wireless networks
14 March 2019 - Petronas to offer oil products from new refinery soon
  1. More ​Petroliam Nasional Bhd (Petronas) expects to start offering oil products from its new refining-petrochemical complex in April as the project moves toward full commercial production in October, according to a senior company official
14 March 2019 - China data to show investment recovery continuing in 2019
  1. More China’s first batch of major official indicators this year are forecast to show that an investment recovery that began in mid-2018 is set to continue, but the economic slowdown and trade war are still undermining factory output and consumption
13 March 2019 - VW eyes 70 new electric models by 2028
  1. More Volkswagen AG (VW) said it will launch almost 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit from new emissions tests
13 March 2019 - Shell: We can be world’s largest power producer
  1. More Firm spending up to US$2bil yearly on new energies division
12 March 2019 - Pakistan to offer gas fields to foreign explorers, investors — official
  1. More ​Pakistan plans to offer dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors
12 March 2019 - Tesla in talks with top Chinese battery producer
  1. More Both parties discussing specifications for Model 3 cars
12 March 2019 - Europe’s growth engine Germany sputters
  1. More The command center at the Otto Junker GmbH metals plant stands in sharp contrast to the noisy and smelly factory floor, where until just a few weeks ago workers operated various machines individually
11 March 2019 - India defies Asia slump as manufacturing hits 14-month high
  1. More New orders propel surge while Japan, South Korea and Taiwan feel China chill
08 March 2019 - Tesla Nabs Up to $521 Million in China Bank Loans for Plant
  1. More ​Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant
07 March 2019 - Shanghai Construction Group to build first phase of Tesla's Shanghai plant: media
  1. More ​State-owned Shanghai Construction Group (SCG) will build the first phase of U.S. electric carmaker Tesla’s factory in Shanghai, a news portal reported on Thursday
07 March 2019 - Japan's Renesas to partially halt chip production for 2 months on China slowdown
  1. More ​Automotive chipmaker Renesas Electronics Corp plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, the company said
07 March 2019 - Hyundai may suspend production at one of its Chinese plants as slowdown bites
  1. More Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market
07 March 2019 - Nobody Knows How Dubai’s Economy’s Been Doing Lately
  1. More ​In Dubai, the focus is often too much on the economy of tomorrow rather than that of the recent past
07 March 2019 - Dr Mahathir says ASEAN should divide industries among themselves
  1. More ASEAN economies can grow faster if each country focuses on a major industry and caters to the entire regional market, Malaysia Prime Minister Tun Dr Mahathir Mohamad says in speech to business leaders in Manila
07 March 2019 - KFC owner defies China slowdown with robot servers
  1. More ​KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating
06 March 2019 - U.S. services gauge tops forecasts in sign of economic health
  1. More A gauge of U.S. service industries rebounded in February by more than forecast on strength in new orders, a sign the economy remains on relatively solid footing, even with growth projected to cool this quarter
06 March 2019 - Thailand plans world’s largest floating solar farms
  1. More Move will boost the country’s share of clean energy
05 March 2019 - US and China near trade deal
  1. More Agreement could lift most or all US tariffs as long as Beijing follows through on pledges
05 March 2019 - Australia economy hits dry spell as incomes fail to flow
  1. More ​Australian businesses reported only meagre growth in profits and wages for the fourth quarter of last year, a dry spell for incomes that likely saw the whole economy struggle to expand
05 March 2019 - Trump plans to end India's preferential trade treatment
  1. More ​U.S. President Donald Trump said on Monday he intends to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free
05 March 2019 - China to slash taxes, boost lending to shore up slowing economy
  1. More ​China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms, Premier Li Keqiang said, as the government boosts stimulus to shore up an economy growing at its slowest pace in almost 30 years
05 March 2019 - China sets 2019 GDP growth target of 6.0-6.5 pct - Premier Li
  1. More ​China has set its 2019 economic growth target at 6.0 to 6.5 percent, Premier Li Keqiang said in his annual work report on Tuesday, lower than last year's goal of around 6.5 percent
05 March 2019 - Self-driving buses made by Volvo to hit the roads in Singapore
  1. More Volvo AB is ready to start trialing full-sized driverless buses in Singapore, helping the city state take a step forward in the race to deploy autonomous public transport
28 February 2019 - U.S. companies put record number of robots to work in 2018
  1. More U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants
28 February 2019 - Saudis hold firm on oil output cuts
  1. More The kingdom plans further curbs to production next month
28 February 2019 - China considering tax breaks
  1. More Xi aims to attract more international funds and reverse outflows
28 February 2019 - Hyundai plans US$40bil in spending
  1. More Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc
27 February 2019 - Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy
  1. More The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told US lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing
25 February 2019 - Trump delays tariff hike on Chinese goods, citing trade talk progress
  1. More President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued
22 February 2019 - Asia's tumbling exports signal growing global trade pain
  1. More Key Asian exporters Singapore, Japan and South Korea provided fresh evidence this week that the slump in global trade has further to run and is beginning to spread to factories
22 February 2019 - U.S. economic outlook after shutdown jumps most since 2008
  1. More ​U.S. consumer expectations jumped the most in a decade, erasing much of the drop during the recent government shutdown and stock-market plunge
22 February 2019 - U.S. jobless claims decline to four-week low following shutdown
  1. More ​Filings for U.S. unemployment benefits fell by more than expected to a four-week low, a sign the labour market is regaining its footing following the longest-ever government shutdown
21 February 2019 - Apple is said to target combining iPhone, iPad, Mac apps by 2021
  1. More Apple Inc wants to make it easier for software coders to create tools, games and other applications for its main devices in one fell swoop — an overhaul designed to encourage app development and, ultimately, boost revenue
20 February 2019 - Honda to shut UK plant, 3,500 jobs 'on the line'
  1. More Honda Motor Co plans to close its factory in the United Kingdom in the biggest blow yet to the British car industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit
20 February 2019 - Honda to close British car plant as Brexit looms
  1. More Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union
20 February 2019 - Ford to close oldest Brazil plant, exit South America truck biz
  1. More ​Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world
20 February 2019 - WTO warns of global trade slowdown as indicator hits 9-year low
  1. More ​A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said
14 February 2019 - Alibaba: Growth to outpace China's
  1. More Alibaba Group Holding Ltd vice chairman Joseph Tsai said the e-commerce giant has experienced limited impact from China's broader economic slowdown as more and more business moves to the Internet
14 February 2019 - Feeling unwelcome, Amazon ditches plans for New York hub
  1. More Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians
14 February 2019 - Europe looks like the real weak link in the global economy
  1. More ​For all the palpitations that the trade war between the US and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth
13 February 2019 - Japanese self-drive cars map developer to buy rival U.S. startup for $200 million
  1. More ​Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market
12 February 2019 - Trump administration unveils order to prioritize and promote AI
  1. More ​U.S. President Donald Trump on Monday signed an executive order asking federal government agencies to dedicate more resources and investment into research, promotion and training on artificial intelligence, known as AI
12 February 2019 - 'Something has to give,' EU's Barnier tells Brexit Britain
  1. More ​The European Union's Brexit negotiator Michel Barnier said on Monday British Prime Minister Theresa should endorse a permanent customs union with the bloc — as proposed by the Opposition Labour party — to break the impasse over their looming divorce
12 February 2019 - UK economy slowest in six years on Brexit and global worries
  1. More Britain’s economy slowed sharply in late 2018, pushing full-year growth to its weakest in six years as Brexit worries hammered investment by companies and the global economic slowdown weighed on trade, official data showed
12 February 2019 - Europe's scooter firms talk mergers as Lime expands
  1. More ​Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions
12 February 2019 - World Economy Gets Inflation Checkup as U.S., China Data Looms
  1. More ​The world economy is set to get fresh insight into whether inflation is turning sluggish again as the U.S. and China publish price data that’s set to endorse the decision of central banks to steer away from tighter monetary policy
08 February 2019 - Apple regains its mantle
  1. More Tech company again the most valuable US firm beating Microsoft
07 February 2019 - Slump in German manufacturing orders
  1. More German factory orders unexpectedly dropped for a second month in December, adding to signs that Europe’s largest economy is facing a more protracted loss in momentum
07 February 2019 - Growth best in 5 years
  1. More Steady household spending raises 2018 GDP expansion to 5.17pc, a third year of a pick-up
05 February 2019 - Nissan's decision a blow to U.K.
  1. More Carmaker axes plan to build new model, citing uncertainty around 'no-deal' Brexit
04 February 2019 - Nissan scraps plan to build new X-Trail model in Britain
  1. More ​Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, warning two months before Brexit that uncertainty over Britain's departure was making it harder to plan for the future
01 February 2019 - EU imposes curbs on steel imports after Trump tariffs
  1. More The European Union will impose limits on steel coming into the bloc from Saturday following US President Donald Trump's imposition of metals tariffs, a filing in the European Union's official journal said on Friday
01 February 2019 - Hyundai Heavy eyes stake in Daewoo
  1. More MOve may create entity controlling more than 20pc of global market
30 January 2019 - China weakness spreads far and wide
  1. More Lower demand for goods affecting many companies worldwide
28 January 2019 - Suu Kyi to investors: Myanmar is open for business
  1. More Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms

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Last Updated : Friday 24th May 2019