Green Asia

Chinese EV maker Xpeng’s operating loss widens on costs tied to production ramp-up

[ad_1] China’s Xpeng posted a wider-than-expected quarterly operating loss on Wednesday due to costs stemming from a production ramp-up, sending…

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S Korean taxi app Kakao Mobility plans to buy Europe’s FreeNow – media report

[ad_1] SEOUL : Kakao Mobility, a South Korean taxi-hailing service provider, plans to acquire European taxi platform FreeNow, Maeil Business…

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Japan’s Kishida wants businesses to make higher wage hikes next year

[ad_1] TOKYO : Japanese Prime Minister Fumio Kishida on Wednesday asked business leaders to raise wages in next year’s spring…

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Baidu CEO warns China’s rush to develop AI models risks wasting resources

[ad_1] BEIJING : The head of one of China’s leading AI firms, Baidu, warned on Wednesday that the fervor rushing…

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Infineon reports better-than-expected 2023 revenue on semiconductor demand

[ad_1] BERLIN: German chip manufacturer Infineon reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors,…

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China, South Korea to establish mechanism on practical economic cooperation

[ad_1] BEIJING : China and South Korea will establish a mechanism on practical economic cooperation, Chinese state media reported on…

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Thailand lifts 2023 rice export target to 8.5 million metric tons

[ad_1] BANGKOK : Thailand has increased its rice export target for this year to 8.5 million metric tons, Chookiat Ophaswongse,…

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Indonesia posts $3.5 billion Oct trade surplus, above forecast

[ad_1] JAKARTA :Indonesia booked a $3.48 billion trade surplus last month, bigger than predicted, as exports and imports fell less…

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China’s Oct crude steel output extends dip on thinner margins, weak demand

[ad_1] BEIJING : China’s crude steel output fell for the fourth consecutive month in October, official data showed on Wednesday,…

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Thailand’s Central Group becomes owner of Selfridges

[ad_1] BANGKOK : Thailand’s largest department store owner, Central Group, has taken control of a joint venture that operates Selfridges…

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