Business
Toyota sends first half of US$500 million pledge to air taxi maker
Joby says recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this year…
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Maker
Business
Denso in talks to buy Temasek-backed seed maker for US$500 million
Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens…
Business
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook,…
Business
Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
Business
23andMe sells gene-testing business to DNA drug maker Regeneron
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the…
Business
Tom Ford, Zegna Eyewear Maker Marcolin Reports Q1 Growth, Strengthens Luxury Eyewear Portfolio
MILAN – Marcolin closed the first three months of 2025 with a growth in margins and top line. In the period ended March 31, adjusted…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Business
Chinese EV maker Nio’s challenges bleed into its bond prices
A rally in the price of Nio’s convertible bonds is not enough to allay concerns over the Chinese electric vehicle (EV) maker’s financial…
Business
German software maker SAP beats operating profit estimates for first quarter
SAP continues to expect cloud revenues in a range of 21.6 billion euros to 21.9 billion euros for the year, the company says German…
Business
Candy maker YLF cites market souring on US tariffs as reason to withdraw Singapore IPO
Sentiment is ‘badly shaken’ with the current uncertainty, says its chief executive YLF Group Marketing – the maker of Pikin plum candies –…
Business
US House committee calls on JPMorgan, BofA to drop roles in mega HK listing of battery maker CATL
The chairman of a US congressional committee on China is calling on Bank of America and JPMorgan Chase to withdraw from working on the…
Business
China's EV maker XPeng eyes doubling global presence by year's end
X9 electric vehicles by Chinese EV manufacturer XPeng, waiting to be loaded on a ship headed for Thailand (Pedro Pardo) One of China's…
Business
iPhone parts maker Murata eyes supply chain shifts towards India
APPLE iPhone components maker Murata Manufacturing is weighing whether to move some of its production capacity to India, reflecting a…
Unsorted
Leonardo, drone maker Baykar seek ‘synergies’ on battlefield sensors
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
Tyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million…
Business
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial…
Business
Mondelez exploring takeover of US chocolate maker Hershey
MONDELEZ International, the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey, in a potential…
Unsorted
EV maker Lion Electric wins temporary creditor relief, halts US factory
ELECTRIC bus manufacturer Lion Electric is temporarily laying off about 400 workers and halting operations at its Illinois factory to save…
Business
AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura,…
Business
German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples…
Business
Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the…
Business
Nippon Paint to buy coatings, resins maker AOC for US$2.3 billion
Japan’s Nippon Paint has been expanding via several acquisitions in recent years Nippon Paint Holdings announced plans to purchase global…
Fashion
Mike Ashley’s Frasers pulls bid for handbag maker Mulberry
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat…
Business
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a…