Showing 1 - 10 of 21
China to have 300,000 driverless taxis
South China Morning Post, Published on 29/08/2025
» SHANGHAI — China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by advancements in artificial intelligence (AI) and its highly competitive electric vehicle (EV) sector, UBS said on Thursday.
Trump announces set of tariff rates with new deadline, Thailand faces 36% levy
Bloomberg, Published on 08/07/2025
» US President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug 1.
US Treasuries suddenly trading like risky assets
Bloomberg News, Published on 12/04/2025
» Billed on Wall Street as so rock-solid safe that they are risk-free, US Treasury bonds have long served as first port of call for investors during times of panic. They rallied during the global financial crisis, on 9/11 and even when America’s own credit rating was cut.
Baidu robotaxis draw complaints from human drivers
South China Morning Post, Published on 10/07/2024
» BEIJING - A fleet of more than 500 driverless taxis operated by Baidu's autonomous-driving unit in Wuhan, capital of central Hubei province, is quickly gaining customers despite vocal complaints from locals and taxi drivers, showing the complications of providing such services in an urban area.
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
AFP, Published on 25/04/2023
» ZURICH - Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
New Baidu self-driving taxi is 50% cheaper
Business, Bloomberg, Published on 22/07/2022
» SHANGHAI: Baidu Inc yesterday unveiled a new version of its robotaxi that it says costs nearly half as much to make as the previous model, opening the opportunity for cheaper travel.
Myanmar suspends foreign loan repayments amid dollar crunch
Khine Lin Kyaw of Bloomberg News, Published on 15/07/2022
» YANGON: The Central Bank of Myanmar ordered companies and individual borrowers to suspend repayment of foreign loans, the latest in a series of steps to defend the nation’s dwindling foreign exchange reserves.
Hertz Searches for a New CEO After Bankruptcy
Business, Emily Glazer & Alexander Gladstone & Becky Yerak, Published on 14/09/2021
» Hertz Global Holdings Inc. is in talks to name a new chief executive officer, as the car-rental company resets after emerging from bankruptcy under new ownership, people familiar with the matter said.
Yahoo Names Tinder CEO Jim Lanzone as Its Next Chief
Business, Benjamin Mullin, Published on 13/09/2021
» Yahoo Inc. has named Jim Lanzone as its new chief executive, turning to a digital-media veteran to jump-start growth and explore strategic opportunities for the legacy internet player.
How Bezos' Space Watch Became a Marketing Win for Omega
Business, Jacob Gallagher, Published on 26/07/2021
» Jeff Bezos' Blue Origin mission on July 20 wasn't just a landmark event in private space travel. It was also a shrewd marketing opportunity for one of the world's top high-end watch makers.