UK-based Arm Holdings, a subsidiary of SoftBank Group, is setting sights on the development and production of artificial intelligence (AI) chips, targeting the launch of its first products in 2025, according to Nikkei Asia. Arm will invest heavily in setting […]
Arm Holdings Set to Introduce AI Chips in 2025, According to Nikkei Read More »
“Chinese property developer Country Garden has successfully repaid two onshore bond coupons prior to the five-day grace period’s termination following earlier missed payments. After defaulting on $11 billion of offshore bonds and extending onshore repayments last year, the firm asserts
China’s Country Garden Pays Onshore Coupons on Time Read More »
“China’s Consumer and Producer Prices Indicate Resilient Domestic Demand Amid Economic Recovery” – The Consumer Price Index (CPI) in China increased by 0.3% in April, marking a third consecutive rise, while the Producer Price Index (PPI) continued its decline. These
“Continued Rise in Chinese Consumer Prices as Factory Deflation Persists” Read More »
As part of our effort to cater to those affected by inflation, McDonald’s set to introduce a $5 meal deal in U.S. outlets, according to Bloomberg News. An enticing combination of McChicken or McDouble, fries, and a drink could be
McDonald’s Offering $5 Meal Deal to Attract Customers, Bloomberg News Reveals Read More »
The softer than anticipated US payrolls report stoked hopes of an interest rate cut by the Federal Reserve this year, injecting fresh life into US equity funds. According to a report by Reuters, US equity funds recorded their first inflow
Weekly Inflows Boost US Stock Funds as Rate Cut Optimism Returns Read More »
Chinese automakers, including Chery Auto and BYD, are planning to construct manufacturing and assembly facilities in Europe. This strategic move aims to boost sales of cost-effective cars in the region and compete with European auto manufacturers, amid weaker demand in
“Chinese Electric Vehicle Manufacturers Eye European Production” Read More »
Korean Air will sell five of its Boeing 747-8 aircraft to US aerospace firm, Sierra Nevada Corporation, according to an exchange filing by the airline. In a deal valued at approximately $674m (918 billion Korean won), these aircraft sales are
Korean Air Sells Five Jets to US Aerospace Company Sierra Nevada Read More »
The U.S. auto safety regulator has launched a preliminary investigation into 6,813 Fisker Ocean SUVs manufactured in 2023, citing concerns over their automatic emergency braking system. According to the regulator, there have been complaints of the braking system initiating without
US Launches Initial Investigation into Fisker’s Vehicles for Brake System Problem Read More »
The US auto safety regulator has initiated a preliminary evaluation into 210,960 Ford vehicles amid complaints of possible diesel fuel leaks that may potentially lead to fire incidents. The regulator’s initial inspection serves as the first measure to ascertain whether
Investigation Launched by US Auto Regulator on Over 200,000 Ford Vehicles Read More »
Honda Motor Co, Japan’s second-largest automaker, projects a 2.8% increase in operating profit for the current fiscal year, riding on strong sales in the United States. The automotive giant beat fourth-quarter estimates, with a six-fold growth in operating profit, which
Honda Expects 2.8% Increase in Full-Year Profit Read More »
