Page 1292 - World News

Honda to scale down production, cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share

Defying west, President Putin scheduled to meet Xi Jinping in Beijing

Blinken said Beijing's supply of dual-use goods was 'powering Russia's brutal war of aggression against Ukraine'

Dollar trades low ahead of crucial inflation report; yen under pressure

The yuan slid to a two-week low versus the dollar after US President Joe Biden unveiled steep tariff increases on an array of Chinese imports

YouTube blocks access to Hong Kong protest anthem videos after court order

Glory to Hong Kong was an anthem of anti-government protests in 2019

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch

Xiaomi's strong entry into China's crowded EV market is set to further upend the world's largest auto market, where companies have been locked in a fierce price war amid weakening demand

ICC prosecutor faces demand to act against Israeli leaders, Putin warrant

Libya's UN ambassador, says ICC is investigating are so complex that they won't be completed until the end of 2025, he should allocate the court's efforts to the war in Gaza

Brazil pushes out Petrobras CEO, names ex-regulator to top job; shares dip

New York-listed shares of Petrobras fell more than 6% in after-hours trading as news broke that Prates was headed for the exit

Putin backs China's Ukraine peace plan, says Beijing understands conflict

Putin, speaking to China's Xinhua news agency ahead of his visit to Beijing this week, said Russia remained open to dialogue and talks to solve the more than two-year-old conflict

2 Chinese firms progress in producing high bandwidth memory for AI chipsets

CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people

Israeli tanks push deeper into Rafah despite allies warning against it

A US official who declined to be identified told Reuters that Israel promised not to make a major move in Rafah without advising Washington

Biden admin sending $1 billion more in weapons, ammunition to Israel

Biden administration has come under criticism from both sides of the political spectrum over its military support for Israel's now seven-month-old war against Hamas

Tesla plans to fire 601 more employees in California amid falling sales

The electric carmaker said last month it would lay off 6,020 people in California and Texas, as part of the headcount cuts

Wong to be sworn in as Singapore's PM as Loong bows out after 20 years

Wong, a civil servant turned politician, came to prominence while coordinating Singapore's successful fight against Covid-19

China protests against new US tariffs, promises to protect its interests

China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing

Biden hits Chinese imports with tariffs to safeguard American workers

, Biden said America can continue to buy any kind of car they want, but we're never going to allow China to unfairly control the market for these cars

Killer April heat wave in Asia was made much worse by climate change

In South Asia, which was the focus of two such studies in 2022 and 2023, abnormal heat was found to be 45 times more likely to occur, and to be 0.85C higher due to climate change

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

Elon Musk ordered to resume testimony in X acquisition probe by SEC

Musk previously testified twice in July 2022, the SEC said, but failed to show up last year for follow-up questioning

US suggests additional tariffs if China moves EV production to Mexico

Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market, creating a possible loophole to avoid the expanded tariffs

TikTok creators sue US govt over law that could ban popular platform

The lawsuit said the creators rely on TikTok to express themselves, learn, advocate for causes, share opinions, create communities, and even make a living