News
Automakers could still face up to US$12,000 impact per car from tariffs
[WASHINGTON] A Michigan-based economic consulting group said on Thursday that automakers will still face a US$2,000 to US$12,000 tariff impact per vehicle despite the White House moving to soften trade levies...
Xbox joins PlayStation in hiking console prices amid US tariff pressures
Published Fri, May 2, 2025 · 06:31 AMMICROSOFT’S Xbox is hiking the prices of its gaming consoles, controllers, first-party titles and other accessories, following similar moves by competitors due...
Mastercard profit beats expectations on resilient consumer spending
MASTERCARD beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by US President Donald Trump’s sweeping...
US: Wall Street leaps at the open on Microsoft, Meta boost
Published Thu, May 1, 2025 · 09:52 PM[NEW YORK] Wall Street’s main indexes jumped at the open on Thursday, powered by shares of Meta and Microsoft, as their strong...
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...
