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Toyota hikes annual forecast as first-half net profit doubles
Toyota ramped up its annual net profit forecast to $26.1 billion on Wednesday after reporting it more than doubled in the first six months of the year. For the six months to September, Toyota said net profit more than doubled to 2.59 trillion yen on sales of 21.98 trillion yen, which were up almost a quarter on the previous year.
Europe's economic powerhouse tests a shorter working week
Maximilian Hermann's weekend starts on Friday morning, when he puts his motorcycle helmet on and takes his bike out for a ride to the southern German Alps. Among the pioneers of the four-day week is Hermann's employer KlimaShop, a purveyor of heat pumps and air-conditioning systems based near Augsburg in southern Germany.
Electric vehicles gain traction in Jordan as petrol prices rise
Electric vehicle sales are surging in Jordan, a trend drivers and showrooms attribute to high petrol prices more than any concerns about air pollution and climate change. "The main reason is the high price of gasoline in Jordan, it is a burden with the high cost of living."
China lithium boom harming fragile Tibetan plateau: report
China's booming electric vehicle industry is fuelling a lithium rush in the Tibetan plateau that risks damaging the troubled region's fragile ecology and deepening rights violations, research published Wednesday said. But many exiled Tibetans accuse China's ruling Communist Party of repression, torture and eroding their culture, with rights groups and some Western governments backing their claims.
Equities gain ahead of Fed, yen rebounds on intervention warning
Most Asian stocks rose Wednesday ahead of an expected pause in the US Federal Reserve's interest rate campaign, while the yen fell from its 2023 highs after Japan's top forex official said authorities were "on standby" to intervene. But it picked up in early Asian trade after currency official Masato Kanda said Tokyo was ready to move if needed to step into forex markets.
AI anxiety as computers get super smart
From Hollywood's death-dealing Terminator to warnings from genius Stephen Hawking or Silicon Valley stars, fears have been fueled that artificial intelligence (AI) could one day destroy humanity. "The impact of such artificial intelligence is going to be truly vast."
US Fed likely to hold rates again despite strong economic growth
The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy. However, economic growth has remained surprisingly robust, solidifying expectations of a so-called "soft landing," when the Fed smoothly brings down inflation without tanking the economy.
California jury says Tesla's Autopilot not to blame in fatal 2019 crash
A California jury on Tuesday rejected a claim that a Tesla car involved in a fatal 2019 crash had a manufacturer's defect in its "Autopilot" self-driving feature, according to a court spokesperson. The lawsuit faulted the car's Autopilot and safety features.
'AI' named Collins Word of the Year
The abbreviation of artificial intelligence (AI) has been named the Collins Word of the Year for 2023, the dictionary publisher said on Tuesday. Lexicographers at Collins Dictionary said use of the term had "accelerated" and that it had become the dominant conversation of 2023.
AFP
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