Car Makers Revive India Growth Plans As China Market Sags
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China's Factories Drive Uneven Economic Recovery
The world’s second-largest economy grew 5.3% to start the year, but there were familiar signs of weakness in consumption and real estate.The Wall Street Journal - World - China -
Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100 tumbling – business live
IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points. Try the Be the Chancellor toolUK unemployment rate leaps to 4.2% amid fears of job cutsThe Resolution Foundation have dug into today’s UK jobs ...The Guardian - World -
EU leaders set to revive capital markets union plan in search for defence funding
Rearmament and green transition prompt rethink of long-stalled integration of Europe’s financial marketsFinancial Times - World - European Union -
US and India stoke hopes of global growth in 2024
Brookings-FT Tiger index shows ‘positive omens’ for modest pick-up compared with last yearFinancial Times - Business - India -
Alantra Partners Leads Growth Deal for Energy AI-Software Maker GridBeyond
GridBeyond’s software uses artificial intelligence to help owners of renewable-power assets manage their systems.The Wall Street Journal - World -
China’s economic growth hits 5.3%
Annual figure for first quarter beats expectations as Beijing seeks manufacturing-led revivalFinancial Times - Business - China -
India Sees Abundant Monsoon Rain in Boost to Economic Growth
Yahoo News - World - India -
A.L.S. Drug Relyvrio Will Be Taken Off the Market, Its Maker Says
Results of a large clinical trial found the treatment did not work any better than a placebo.The New York Times - Health -
China Urges Its Telecom Makers to Phase Out U.S. Chips
The state demand to stop using foreign chips will hit Intel and AMD, and highlights the mix of protectionism and competition in the U.S.-China economic relationship.Inc. - Business - China -
Heroes Creator Plans New Revival Series - Report
Nearly two decades ago, Tim Kring's comic book-inspired superhero series, Heroes, was a breakout hit for NBC. Now, Kring is reportedly looking to revive the franchise with a new series. According to Deadline, the new revival show is called Heroes: ...GameSpot - Tech -
Israeli smart-glass maker Gauzy files for IPO with plan to list on Nasdaq
Gauzy, an Israeli company that makes smart glass for vision and light control technologies, filed for an initial public offering on Monday with plans to list on Nasdaq under the ticker “GAUZ.”MarketWatch - Business - Israel -
VW cuts price of EV and combustion engine cars to boost deliveries to China
Success in Asia contrasts with decline in electric vehicle sales in Europe after end of consumer subsidyFinancial Times - World - China -
China's battery storage capacity growth likely to slow in 2024
Yahoo News - World - China -
China will remain the world's No. 1 growth driver, says the Asian Development Bank
China will remain the largest growth engine for the world economy in spite of its slowdown, says the Asian Development Bank.CNBC - Business - China -
Oil Slips Despite Middle East Fears, China's Economic Growth
Oil prices are edging lower despite fears of escalating hostilities in the Middle East and China’s stronger-than-expected economic growth in the first quarter.The Wall Street Journal - World - China -
China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.The New York Times - Business - China -
LVMH’s growth weighed down by softening China luxury demand
First-quarter revenues grew 2% at flagship fashion and leather goods unit, against an 18% jump a year agoFinancial Times - Business - China -
China Seeks to Boost Stock Market Supervision
China has issued new national-level guidelines aimed at addressing stock-market volatility, including tightening supervision of new listings.The Wall Street Journal - World - China -
China’s stockbrokers suffer pay cuts as markets decline
Financial disclosures show executive salaries at leading brokerages have fallen in past two yearsFinancial Times - Business - China -
China's push to replace foreign technology is now focused on cutting U.S. chip makers out of the country's telecom systems.
China’s push to replace foreign technology is now focused on cutting U.S. chip makers out of the country’s telecom systems.The Wall Street Journal - World - China -
Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
Austrian lender, which has pledged to exit Russia, orders internal probe following FT findingsFinancial Times - Business - Russia -
‘Grand Theft Auto’ maker Take-Two to cut jobs, cancel games in cost-cutting plan
Videogame maker Take-Two Interactive Software Inc. said late Tuesday it will lay off about 5% of its workforce, cancel games and streamline its operations as it aims to save about $165 million a year.MarketWatch - Business -
Apple doubles India iPhone production to $14 billion as it shifts from China: Report
Apple produced $14 billion worth of iPhones in India over the last fiscal yearCNBC - Business - Apple -
Bang & Olufsen to Adjust Investments as Europe, China Markets Struggle
Bang & Olufsen will continue to target a larger share of higher margin revenue but it will adjust the timing and size of investments amid challenging market conditions, including in key markets in Europe and China.The Wall Street Journal - World - China -
Bang & Olufsen to Adjust Investments as Europe, China Markets Struggle
Bang & Olufsen will continue to target a larger share of higher margin revenue but it will adjust the timing and size of investments amid challenging market conditions, including in key markets in Europe and China.The Wall Street Journal - Business - China -
China’s capital markets activity falls to multi-decade lows
Mainland equity issuance is the worst on record this year in a sign of low investor confidenceFinancial Times - World - China -
China’s ‘red circle’ law firms rush to tap other markets
Mainland’s biggest firms opening offices in Asia, US and Africa as they seek to challenge international rivalsFinancial Times - World - China -
China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time
Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with automakers across market segments.CNBC - Business - China -
Morgan Stanley ups China growth forecast after strong exports boost country’s GDP
Morgan Stanley said strong exports and a Beijing led investment push will see China’s economy grow faster than previously expected in 2024MarketWatch - Business - China -
Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook
BANGKOK (AP) — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong’s Hang Seng gained 1.7% to 17,115.94, while the Shanghai Composite index lost 0.8% to ...Yahoo Sports - Sports - China -
SAG-AFTRA, record labels reach deal over AI protections for artists
SAG-AFTRA, a union representing thousands of actors and other media professionals, reached a tentative deal with leading record labels that includes protections for artists from the use of artificial intelligence (AI) technology, the union ...The Hill - Politics -
Leak Shines Light on Tesla’s Self-Driving Taxi Plans, Canceled Cheap Car Project
The EV makers' global layoffs and robotaxi plans look like pillars of the company's future growth plans.Inc. - Business -
China has helped Russia revive its military production at a critical stage in its Ukraine war, senior Biden administration officials said.
China has helped Russia revive its military production at a critical stage in its Ukraine war, senior Biden administration officials said.The Wall Street Journal - World - Joe Biden -
How U.S. and Japan plan to work together to counter China
President Biden and Japanese Prime Minister Fumio Kishida announced plans Wednesday for closer military and intelligence cooperation. CBS News senior White House correspondent Weijia Jiang has the details.CBS News - Top stories - China -
China's economy grew 5.3% in the first quarter from a year earlier, in line with the government's official growth target of around 5% for the year.
China’s economy grew 5.3% in the first quarter from a year earlier, in line with the government’s official growth target of around 5% for the year.The Wall Street Journal - World -
Poe introduces multi-bot chat and plans enterprise tier to dominate AI chatbot market
Quora's Poe platform introduces multi-bot chat, monetization tools for creators, and plans for an enterprise tier, aiming to become the app store of conversational AI.VentureBeat - Tech -
An Italian Maker Crafts Umbrellas With Personality
A handmade, bespoke umbrella is “a bit like a business card” for its owner, according to Carlo Suino.The New York Times - Lifestyle -
The Fantasy of Reviving Nuclear Energy
The nuclear industry has a long history of failing to deliver on its promises.The New York Times - Top stories - Fantasy Football -
BBC splits news operation in India
The move comes a year after BBC India's offices in Delhi and Mumbai were searched by tax authorities.BBC News - Top stories - India -
BBC splits news operation in India
Yahoo News - World - India