Toyota Motor Corp on Tuesday said it has suspended operations at all of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker. The glitch is preventing Toyota from ordering components and its cause is under investigation, though it is “likely not due to […]
Single point forecasts for growth, inflation, interest rates, and so on are easy to comprehend and to check against outcomes, and are what otherwise busy politicians want. This column argues that they are not what central banks should provide. Instead, they should present scenarios of what might happen if conditions turn out to be better […]
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla (TSLA.O) which is considering entering the domestic market, people with direct knowledge said. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax […]
Switzerland’s Competition Commission is looking into UBS’s (UBSG.S) takeover of Credit Suisse, the authority said on Monday. In March, the Swiss government, central bank and financial regulator rushed through a rescue deal for Credit Suisse, resulting in the country’s two largest banks merging. “We confirm that the Swiss Competition Commission is looking at the takeover of CS […]
U.S. Commerce Secretary Gina Raimondo said on Monday that she raised concerns about a number of U.S. business issues including Intel (INTC.O) and Micron (MU.O) with Chinese Commerce Minister Wang Wentao. Raimondo told two reporters in a brief interview she also discussed restrictions which China has imposed on gallium and germanium exports in wide-ranging and candid discussions with Wang. […]
Shares of Vietnamese electric-vehicle maker Vinfast surged 21% on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion. The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker – only behind Tesla (TSLA.O) and Toyota (7203.T). But […]
Hundreds of Greek firefighters were battling a huge blaze on Monday which has killed at least 20 people over the past ten days, Europe’s deadliest wildfire so far this summer as record-setting heatwaves unleash blazes across the continent. The fire which began near the city of Alexandroupolis has raged uncontrolled in northeastern Greece’s Evros region, […]
Tesla Inc (TSLA.O) is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of Chief Executive Elon Musk’s assertions about the technology. Self-driving capability is central to Tesla’s financial future, according to Musk, whose own reputation as […]
Nvidia’s (NVDA.O) move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for […]
The COVID-19 pandemic has affected many aspects of our lives, and education has been no exception . It is critical to understand how the educational costs of this health crisis vary across different regions. In this blog post, we will focus on the impact of the pandemic on education in Guatemala. Guatemala is among the countries with […]
