[ PARIS: The government of the Democratic Republic of Congo is accusing Apple of using “illegally exploited” minerals extracted from the country’s embattled east in its products, lawyers representing the African country said April 25. The DRC’s lawyers have sent Apple a formal cease and desist notice seen by AFP, effectively warning the tech giant … Read more
[ Tesla is accelerating plans for a line-up of new electric vehicles, including “more affordable models,” the automaker said in a memo to investors Tuesday. New models previously slated to start production in the second half of 2025 will now launch before then, the company said, implying production will start much earlier. It’s unclear whether … Read more
[ MELAKA: ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka, over the next five years for its second-phase business expansion. Chief executive officer Chris Hsu said the company has already invested more than US$55 million (RM258 … Read more
[ PETALING JAYA: Malaysia’s trade performance for the first quarter of 2024 continued its upward trajectory, recording a 7.1% year-on-year (y-o-y) growth to RM690.6bil, with a RM34.2bil surplus, says the Investment, Trade and Industry Ministry (Miti). In a statement on the country’s external trade statistics, Miti said first-quarter 2024 exports rose 2.2% y-o-y to RM362.4bil … Read more
[ MUMBAI: RBI governor Shaktikanta Das cited robust growth in the economy, supported by an upturn in manufacturing and the investment cycle as reasons for keeping interest rates on hold. The governor’s views during the monetary policy committee meeting held a fortnight ago were revealed in the minutes of the meeting, which were released by … Read more
[ HANOI: Tech giant Apple said April 15 it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its website but gave no details of how much it would spend or … Read more
[ TOKYO: Massive overseas and domestic investments offer Japan a chance to reclaim its tech crown, but to become a convincing alternative to China the country must embrace rapid innovation, experts say. US tech giants are pumping billions of dollars into artificial intelligence, cybersecurity and chip production in Japan, which dominated the hardware industry in … Read more
[ New Delhi: The economic component of the Bharatiya Janata Party’s 2024 general election manifesto, or Sankalp Patra, relies more on the successes of schemes and missions already implemented and their subsequent expansion rather than a substantial revamp or introduction of new ideas towards the target of ‘Viksit Bharat’ by 2047. This notion of preferring … Read more
[ SINGAPORE: Singapore’s economy, in the first three months of 2024, grew at its weakest quarter-on-quarter (q-o-q) pace in a year as manufacturing slowed, but economists see growth strengthening ahead. On a q-o-q seasonally adjusted basis, the economy expanded by 0.1% in the first quarter, down from the 1.2% growth in the fourth quarter of … Read more
[ LONDON: British manufacturers reported their first overall growth in activity in 20 months in March thanks to recovering demand in their home market, according to a survey that added to signs that last year’s shallow recession has ended. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3, higher than a preliminary … Read more
