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[BEIJING] China’s industrial profits picked up pace in April, official data showed on Tuesday, signalling economic resilience in the face of trade tensions with the United States and lingering deflationary pressures at home.The world’s two largest economies traded tit-for-tat tariffs last month, after US President Donald Trump announced sweeping “reciprocal tariffs” on April 2, then pausing them for most countries while singling out China for levies of 145 per cent.The import curbs risk derailing China’s largely export-led economic recovery, with analysts warning that up to 16 million jobs could be lost if exports to the United States fall by 50…
Published Tue, May 27, 2025 · 10:16 AM[TOKYO] Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens its expansion into the agriculture sector, sources familiar with the matter said.Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds Group, is set to generate a profit from the sale, the sources said, asking not to be identified because the negotiations are private. Representatives for Denso and state-owned Temasek declined to comment. Netherlands-based Axia did not immediately respond to a request for comment made outside of normal…
[WELLINGTON] New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade barriers dim the economic outlook.The Reserve Bank of New Zealand (RBNZ) will lower the Official Cash Rate (OCR) by 25 basis points to 3.25 per cent on Wednesday (May 28) in Wellington, according to 22 of 23 economists surveyed by Bloomberg. One predicts a 50-point reduction. The Monetary Policy Committee is expected to flag at least one more cut by projecting that the OCR could drop below 3 per cent this year. “We see…
Introduction The global automotive industry is undergoing a fundamental transformation in how vehicles are accessed, financed, and insured. Amid growing urbanisation, the proliferation of electric vehicles, and an increasing desire for flexibility, consumers are steadily moving away from traditional vehicle ownership towards more adaptable, user-centric models. Subscription services, flexible leases, and usage-based insurance are emerging as key enablers in this shift, offering alternatives that align with modern mobility needs. This study, which is available free of charge to users of Platform Executive, examines the evolving landscape of on-demand ownership models from 2025 through to 2028, focusing on the convergence of…
An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty ImagesChina’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary pressures.Cumulative profits at major industrial firms climbed 3% in April after returning to growth in the first quarter of this year, rising 0.8% from a year earlier, reversing the trend of declines since the third quarter of last year.In the first four months this year, industrial…
Published Tue, May 27, 2025 · 09:54 AM[BENGALURU] Gold prices edged up on Tuesday (May 27), supported by a weaker US dollar and concerns over the US fiscal outlook, while investors looked for further clarity on trade policy after US President Donald Trump postponed a planned tariff hike on European goods. Spot gold was up 0.1 per cent at US$3,344.36 an ounce, as at 0047 GMT. US gold futures fell 0.6 per cent to US$3,344.60. The US dollar index eased 0.3 per cent to hover near a one-month low against its rivals, making greenback-priced gold more attractive for other currency…
NordVPN and Proton VPN are two of the very best VPNs on the market. So, to help you decide which is the best online privacy tool for you, I’m putting them head-to-head. In comparing the two services, I’ll look at the most important aspects of a great VPN including speed, cost, privacy and security, and streaming. While NordVPN is faster and packs in more features, Proton VPN optimizes privacy and comes with a larger server network. It’s a close call, but for most people I’d recommend NordVPN. It’s our pick for best VPN overall thanks to its unmatched feature set,…
[STOCKHOLM] Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday (May 26). The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its cars by restructuring part of its business and cutting costs. CEO Hakan Samuelsson, who was recently brought back to the role after heading the company for a decade until 2022, unveiled a programme in April to slash costs by 18 billion Swedish kronor…
Key technology upgrades accompany market entry, providing an even better user experience TOKYO and SEOUL, South Korea, May 27, 2025 /PRNewswire/ — CreateAI Holdings (“CreateAI” or the “Company”) today announced market entry in Korea and significant updates to its groundbreaking AI anime video generation platform, Animon.ai. Since its debut in Japan just last month, Animon.ai has earned recognition from industry professionals and driven significant engagement within the global creative community, with creators showcasing high-quality anime content produced using the platform. In addition to offering the model in the Korean language, this latest update introduces powerful new features designed to…
Marcus Ericsson reflected on his second-place finish at the Indy 500, where he lost his lead late in the race to Alex Palou.