Leadership
Maersk says Red Sea shipping disruption having global effects
DENMARK’S AP Moller-Maersk said on Wednesday (Jul 17) that disruption to its container shipping via the Red Sea had extended beyond trade routes in the far east of Europe...
US to issue proposed rules limiting Chinese vehicle software in August
THE US Commerce Department plans to issue proposed rules on connected vehicles next month and expects to impose limits on some software made in China and other countries deemed...
South Korea seeks to arrest Kakao founder in price-rigging case
SOUTH Korean prosecutors are seeking an arrest warrant for billionaire Kakao founder Brian Kim, a surprise twist in their ongoing investigation into alleged stock market manipulation.The Seoul Southern District...
Nikon expands into 3D printing with eye on US defence market
NIKON is fielding interest from defence and aerospace companies in the United States for its metal 3D printers, according to the Japanese precision equipment maker’s president.“We are betting on...
China’s central bank uses hedge fund tactic to tame bond bulls
CHINA’S central bank is readying a bold new experiment in global monetary policy – taking a leaf out of the hedge fund playbook and arranging to short-sell bonds.As President...
Adidas hikes 2024 earnings guidance after second-quarter beat
GERMAN sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday (Jul 16), in its second upgrade this year.The...
EU may cut China EV import tariffs for Volkswagen and BMW: sources
THE European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the...
Swiss luxury watch market succumbs to a brutal China-led slump
SALES of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets.
Fresh numbers...
