Taiwan on Thursday proposed larger tax breaks for technology companies’ research and development (R&D), seeking to retain its leading position in semiconductor manufacturing as other countries offer billions to bolster their chip industries. The economy ministry said it is imperative...
Grab Holdings Ltd (GRAB.O) bumped up its 2022 revenue forecast on Wednesday as demand booms for the Southeast Asian super-app’s rideshare and delivery services, sending its U.S.-listed shares up 7%. The results capped a strong July-September period in which Grab’s adjusted operating...
Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The all-cash settlement...
Toyota Motor Corp (7203.T) rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cutting edge of low-emissions technology and appeal more widely to cost-conscious drivers. Toyota billed...
Chip designer and computing firm Nvidia Corp (NVDA.O) beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption. Data center revenue in the third quarter rose 31% from a...
The Shanghai Disney Resort said it would open some parts of the resort from Thursday, but the main Disneyland park would stay shut until further notice. “Disneytown, Wishing Star Park and Shanghai Disneyland Hotel will resume operations on November 17,...
Chinese President Xi Jinping and Indonesian President Joko Widodo held formal talks on Wednesday on the Indonesian island of Bali, with both leaders pledging closer cooperation on the development of COVID-19 vaccines. Xi told Widodo that China will promote joint...
Australia’s jobless rate matched five-decade lows in October as employment climbed by double market forecasts, a sign it will take further increases in interest rates to loosen the drum-tight labour market. Figures from the Australian Bureau of Statistics on Thursday...
The number of foreign visitors to Japan rose to nearly 500,000 in October, the first month it fully reopened to overseas visitors after more than two years of COVID restrictions, more than doubling the volume from September. Japan on Oct....
Burberry’s (BRBY.L) new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Akeroyd, who took over in April,...
