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  • Business
    The Canadian Press

    Electric cars and digital connectivity dominate at Beijing auto show

    BEIJING (AP) — Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Electric vehicles accou

  • Business
    Reuters

    China's largest auto show showcases all-electric future, local brands dominate

    China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. Automakers are set to unveil 117 new models versus 93 at last year's show in Shanghai，while overall 278 new energy vehicles (NEVs) will go on display, seven more than last year, organisers said. The show, which runs through early next month, comes as NEV sales hit a milestone in early April, accounting for over 50% of cars sold in China, auto association data showed.

  • Business
    Bloomberg

    Asia’s Hawks Get Put on Alert After Indonesia’s Shock Rate Hike

    (Bloomberg) -- Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest Ci

  • Business
    Bloomberg

    Daiwa’s Profit More Than Doubles as Trading Booms in Japan

    (Bloomberg) -- Daiwa Securities Group Inc.’s quarterly profit more than doubled, driven by a surge in trading for Japan’s second-largest brokerage as the country’s benchmark stock index hit a record in the period. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenMalaysia in Talks With Tycoons on Casino to Revive $100 Billion For