News
Tesla chair denies plans to look for new CEO to replace Musk
[BENGALURU] Tesla chair Robyn Denholm on Thursday (May 1) denied a Wall Street Journal report that said board members had reached out to executive search firms to find a...
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
[BENGALURU] The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics...
A month after Trump’s tariff madness, shockwaves still being felt around the world
If US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his recent actions that have...
A month after Trump’s tariff madness, shock waves are still being felt around the world
IF US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his recent actions that have...
Indonesia plans 10 GW nuclear power in major renewable energy push, presidential aide says
[JAKARTA] Indonesia plans a major expansion in renewable energy by 2040, including the introduction of 10 gigawatts (GW) of nuclear power, and expects contracts to be given in the...
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
[TOKYO] The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty surrounding US tariffs and the hit to exports...
Airbus tells US airlines they’ll need to pay their own tariffs
[LONDON] Airbus said it will not cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to shoulder surcharges imposed...
Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace,...
Biggest US dollar slump since 2022 hints at more losses ahead
[SINGAPORE] The US dollar posted its worst month since 2022 after global investors cut back on US assets, with options markets still flashing warning signals.A gauge of the greenback...
eBay announces CFO transition; sees quarterly revenue ahead of estimates
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted advertising are helping simplify both selling and buying for the platform’s...
