Business
Samsung Electronics co-CEO Han Jong-hee dies of cardiac arrest
South Korean tech giant Samsung Electronics said on Tuesday that its co-chief executive officer Han Jong-hee has died due to cardiac arrest. Han was 63. Han was in charge of Samsung's consumer electronics and mobile devices division, while co-CEO Jun Young-hyun oversees the chip business of South Korea's biggest company.… Read
Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue
Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. The Shenzhen-based firm has emerged in recent years as the clear leader in China's highly competitive EV… Read
U.S. may exclude sector-specific tariffs on April 2, reports say, but situation fluid
U.S. President Donald Trump is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, the Wall Street Journal and Bloomberg reported, but a Trump administration official on Monday cautioned that the situation was fluid and no final decisions had been made. Trump himself will… Read
Hyundai announces new $21 billion investment in U.S. manufacturing
South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant. The plant, which will be based in the state of Louisiana, "will create 1,300 American jobs," Hyundai executive chairman Euisun Chung told reporters at a White House event… Read
China says to pursue 'correct' path of globalization as trade woes mount
China's number two leader told a gathering of business executives in Beijing on Sunday that the country would pursue economic globalization despite "fragmentation", a thinly veiled reference to trade turmoil sparked by U.S. President Donald Trump. The China Development Forum convenes after weeks that have seen Trump slap multiple rounds… Read
Rakuten eyes expanding deliveries by robot to main e-commerce site
Japanese online shopping giant Rakuten Group Inc is considering introducing autonomous mobile robots to deliver goods amid a severe labor shortage in the transportation sector, according to a senior official. The company plans to expand the technology to its flagship Rakuten Ichiba online shopping operations, having already launched a robot… Read
Jaguar looks to woo younger, richer drivers with $160,000 Type 00
Jaguar's ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, the Type 00, which promises all-electric luxury... at a steep price. The low-slung, muscular-looking concept car presented to European reporters on Friday prefigures a production model expected mid-2026 at a… Read
Japan household assets total ¥2,230 trillion at end of December on rising stocks
Household assets in Japan totaled 2,230 trillion yen ($15 trillion) at the end of December, growing 4.0 percent from a year earlier to a new record on rising stock prices, Bank of Japan data showed Friday. Assets were boosted by investment trusts that jumped 27.4 percent to 136 trillion yen… Read
Mitsubishi Motors to ask Taiwan's Hon Hai to produce EVs: sources
Mitsubishi Motors Corp plans to ask electronics giant Foxconn to produce its electric vehicles as part of efforts to cut production costs, sources familiar with the matter said, as the Taiwanese firm is seeking a foothold in the EV market amid competition with Chinese companies. The Tokyo-based automaker is expected… Read
Japan's core inflation rate slows to 3% in Feburary
Japan's core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy. The core Consumer Price Index (CPI) slowed from 3.2 percent in January, remaining above the Bank of Japan's two-percent target which has been exceeded every… Read
