By Omar Younis LAS VEGAS (Reuters) – German carmaker BMW has unveiled the world’s first “colour-changing” car at the Consumer Electronics Show (CES) in Las Vegas. The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car’s exterior into a variety of patterns in gray and…
TOKYO (Reuters) – Japan’s wholesale inflation in December is expected to remain near a recent peak as companies hike prices to offset rising raw material costs, a Reuters poll showed on Friday. The corporate goods price index (CGPI), a gauge of the prices companies charge each other for their goods, in December likely rose 8.8%…
BEIJING (Reuters) – China will aim to have over 270 civil airports by 2025, part of the next five-year development plan for the aviation sector, Han Jun, an official with the aviation regulator, told an online press conference on Friday. As at the end of 2020, China had 241 civil airports. (Reporting by Stella Qiu…
By Daniel Leussink TOKYO (Reuters) – Japan’s household spending posted an annual drop for the fourth straight month in November, a weaker-than-expected reading that threw into doubt hopes that a consumer demand recovery will give a major boost to the economy in the final quarter of 2021. Household spending fell 1.3% in November from a…
By Hari Kishan and Vivek Mishra BENGALURU (Reuters) – Most currencies will struggle to make any gains against the U.S. dollar in coming months, as monetary tightening expected from the Federal Reserve will provide the greenback with enough impetus to extend its dominance well into 2022, analysts said. Nearly two-thirds of 49 foreign exchange strategists…
SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday said its October-December operating profit likely jumped 52% on-year to its highest fourth-quarter profit in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing. The world’s largest memory chip and smartphone maker estimated fourth-quarter profit at 13.8 trillion…
WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said on Thursday that precautions adopted by AT&T and Verizon in order to deploy new 5G service offer fewer protections for airline flights than those used in France. The two wireless carriers this week agreed to adopt similar precautions to those in France and to delay the…
By Nivedita Balu and Akash Sriram (Reuters) -Rivian Automotive Inc’s stock briefly tumbled below its IPO price on Thursday in a selloff along with other electric vehicle makers as the race for market share intensifies and legacy companies ramp up their own production. Rivian fell as low as $75.13, below its November initial public offering…
(Reuters) – The New York Times Co said on Thursday it has agreed to buy subscription-based sports site the Athletic for $550 million in cash, as the 170-year-old newspaper looks to bolster its digital offerings. Founded in 2016, the Athletic had 1.2 million subscribers as of December, and covers more than 200 clubs and teams…
By Stephen Culp NEW YORK (Reuters) – Twenty months after a global health crisis hobbled the U.S. economy, recent data – along with a hawkish turn from the Federal Reserve – is implying the labor market is approaching a complete recovery from the pandemic. That recovery has contradictory implications for the stock market. On the…
