Page 453 - Bloomberg/reuters

Bengaluru can't manage tech for MNCs, SVB crisis if it's stuck in traffic

Bengaluru has been dealt a terrible hand by politicians

Apple at heart of US-China selective decoupling, says Gallagher

Representative Mike Gallagher, the chairman of a House committee focused on US-China competition, met with Apple Chief Executive Officer Tim Cook

Tesla to build new Shanghai factory for Megapack battery, says report

The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said

S Korea, India to strengthen ties to diversify supply chain away from China

South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China

A $1.5 trillion wall of debt is looming for US commercial properties

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

Elon Musk to visit China this weekend with possible Tesla plant stop

Musk is travelling with Tom Zhu, who was named Tesla's senior vice president of automotive this month

China holds military drills around Taiwan after Prez Tsai's US visit

The Taiwan leader had urged Beijing not to overreact before her departure from Los Angeles on Thursday

US bank lending declines by most on record in final weeks of March

The Fed's report showed that by bank size, lending decreased $23.5 billion at the 25 largest domestically chartered banks in the latest two weeks

McDonald Corp reduces some employees' compensation, titles amid job cuts

McDonald's closed its offices for a few days earlier this week to have career conversations with all corporate employees, including those being let go

Asian banks lure investors with safety amid US-led banking turmoil

Economists say one factor working in favour of Asia-Pacific is generally softer pivot in monetary policy, with central banks in Australia, S Korea, Indonesia and India pausing their tightening cycles

China's Nasdaq-style index of tech stocks is on a tear in 2023

The tech-heavy Star 50 Index has rallied 19% this year, beating the 5.8% advance in the benchmark CSI 300 Index and the 7.2% rise in the broader Shanghai Composite Index

Jaguar Land Rover's cash flow expectations of £500 mn hit by chips fallout

The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan

India confronted Myanmar about Chinese spy post on remote island

In the meetings, representatives from Myanmar's ruling junta denied any Chinese involvement and dismissed India's concerns, according to an official

Toyota to sell 1.5 mn electric vehicles by 2026, roll out 10 new models

Toyota said it will release 10 new EV models by 2026 and sell 1.5 million battery electric vehicles annually

Alibaba invites users to test its in-house ChatGPT-like AI Chatbot

Alibaba's cloud computing unit is offering invitation codes to some corporate customers so they can try out the large language model called Tongyi Qianwen

Motherhood no hurdle to leadership: Ex-New Zealand PM Ardern quits politics

"I leave knowing I was the best mother I could be," Ardern said in her valedictory speech to parliament

Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon

The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said

It's big vs small as banks square off to avoid new rules after failures

Before the collapse of Silvergate Capital Corp and other regional institutions, bigger banks were steeling themselves for more regulations since Michael Barr took over as the Fed's No. 2 official

34 rockets fired into Israel from Lebanon, most sustained attack since 2006

At least 34 rockets were fired into northern Israel from Lebanon, of which 25 were successfully intercepted, according to the latest information from the Israeli army

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups