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Asian markets build on global rally ahead of key US data
Asian markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve's decision-making on interest rates. In early trade Tuesday, Asian markets were up across the board.
Toyota factories in Japan hit by massive glitch
Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack. "Twelve vehicle factories, affecting 25 lines, are not able to process orders for parts due to a system glitch...
Climate poses 'high risk' for Europe's ski resorts
At current rates of greenhouse gas emissions, which would see Earth's surface warm nearly three degrees Celsius above pre-industrial levels, 90 percent of Europe's ski resorts will eventually face critical shortages of natural snow, researchers said Monday.
ChatGPT turns to business as popularity wanes
OpenAI on Monday said it was launching a business version of ChatGPT as its AI bot sensation grapples with declining usership nine months after its historic debut. ChatGPT Enterprise will offer business customers a premium version of the bot that will provide "enterprise grade" security and privacy enhancements from previous versions, OpenAI said in a blog post.
Chinese electric carmaker BYD triples half-year profit
BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand. Based in southern China's tech hub Shenzhen, BYD ceased production of gasoline-powered cars last year, and is now focusing exclusively on hybrid and electric models.
EU should be ready for new members by 2030: Charles Michel
The European Union should get ready to admit new members from eastern Europe and the Balkans by 2030, EU chief Charles Michel argued Monday. I believe we must be ready, on both sides, by 2030 to enlarge.
Erdogan to push Putin on grain deal in Russia
Turkey said Monday that President Recep Tayyip Erdogan will "soon" visit Russia for talks with Vladimir Putin on reviving a Black Sea grain deal that could be used as a springboard for broader Ukraine peace negotiations.
Iran inaugurates last phase of mega-gas field
Iranian President Ebrahim Raisi inaugurated on Monday the last phase of the South Pars gas field, one of the world's largest natural gas condensate field and the country's biggest. Raisi meanwhile complained that foreign companies, including French energy giant Total, "had not fulfilled their obligations to complete the 11th phase of South Pars", leaving Iranian experts to do the job.
China EV giant XPeng to buy rival for more than $740 million
Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles. In a filing to the Hong Kong Stock Exchange -- where XPeng is listed -- the car giant said it had reached a deal with Didi to buy that subsidiary for $744 million.
AFP
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