By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which was first displayed late last year. Both models will start production in 2026, Aehra said. They will be priced in the 160,000 to…
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States. VinFast made the disclosure in a filing late on Thursday with U.S. securities regulators as…
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors. Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar…
(Reuters) – The Bank of Japan (BOJ) maintained ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which was conducted in Japanese, as…
By Tim Kelly, Sakura Murakami and Yukiko Toyoda TOKYO (Reuters) -Japan is preparing military aid for the Philippines to help secure sea approaches and safeguard Taiwan’s western flank, officials say, deepening security ties that could bring Japanese forces back there for the first time since World War Two. As it steps back from decades of…
By Jan Schwartz and Victoria Waldersee (Reuters) – Volkswagen will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. Pressure is high after a turbulent shareholder meeting in…
(Reuters) – Japan’s Nikkei notched a fresh three-decade high and its 10th consecutive weekly gain on Friday, as investors cheered the central bank leaving its ultra-easy policy settings unchanged. The Bank of Japan (BOJ) kept intact its pledge to “patiently” maintain massive stimulus. The Nikkei closed 0.7% higher at 33,706, having touched a 33-year high…
SYDNEY (Reuters) – Australia’s main opposition Liberal Party leader asked a senator to resign on Friday following allegations of sexual misconduct against him by female senators, which he has denied. The accusations against Liberal Party Senator David Van follow numerous previous complaints about the culture in Australia’s parliament house, which led to an inquiry in…
BENGALURU (Reuters) -Indian information technology (IT) company Tata Consultancy Services said on Friday it has mutually agreed with insurance provider Transamerica to end a $2 billion contract, citing reasons including a challenging macro environment. The 10-year contract, signed in early 2018, involved TCS working with U.S.-based Transameria to enable the digitization of more than 10…
SEOUL (Reuters) – South Korea and the United States will hold a high-level meeting on cyber security in Washington on June 20, the presidential office in Seoul said on Friday. The meeting is seen as a follow-up to the summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden in April. (Reporting…
