BYD overtakes Toyota in Singapore vehicle sales
BYD sells 3,002 cars in the first four months of 2025, capturing 20% of Singapore's vehicle sales, while Toyota sells 2,050
Colombia joins China’s Belt and Road Initiative
Colombian Foreign Minister Laura Sarabia describes the move as the country’s “boldest step in decades”
Global EV sales rise 29% in April, led by China and Europe
China records a 32% year-on-year increase with 0.9 million vehicles sold, while Europe sees a 35% jump to 0.3 million units
South Korea announces $3.25 bln support package for SMEs hit by U.S. tariffs
The measures include financing support, logistics cost subsidies, and policies to help SMEs expand exports
Nvidia CEO’s net worth soars to $120 billion after Nvidia’s Saudi AI chip deal
Nvidia’s market value soared to $3 trillion after securing a major deal to supply hundreds of thousands of advanced AI chips to Saudi Arabia
AI push prompts Microsoft to slash 6,000 jobs globally
The job cuts, spanning all levels and regions, are the largest since Microsoft laid off 10,000 employees in 2023
Nvidia, AMD, Qualcomm secure AI deals with Saudi-backed Humain
Humain will operate under the Public Investment Fund and provide AI services, including data centers, cloud platforms, and AI models
HAL profit slips 8% in Q4 due to Tejas aircraft supply delays
Despite revenue dip and delivery setbacks, Indian fighter jet maker secures ₹627 billion order for 156 ‘Prachand’ helicopters
Russian economy weakens under war spending and sanctions despite official growth claims
Kremlin’s war spending supports short-term growth, but mounting financial risks threaten long-term stability, SITE report says
China to cut tariffs on U.S. goods to 10% for 90 days
China's finance ministry says it will cut the 34% tariff imposed last month and cancel an extra 91% in later duties
Beijing issues first rare earth magnet export permits, Volkswagen suppliers on the list
China dominates processing of 17 rare earth elements used across clean energy, defence and automaking
Shares up slightly, dollar struggles as investors consider tariff truce
Asian stocks edge up amid U.S. inflation data and trade war pause; Dollar remains under pressure as investors reduce U.S. asset holdings
Trump’s approval rating rises to 44%; Americans worry less about recession
US president began his term with 47% approval rating, and saw his popularity tick lower as Americans worried about trade war
US imposes sanctions on 20 companies it says sent Iranian oil to China
Network facilitated shipment of oil worth billions of dollars to China on behalf of Iran’s Armed Forces General Staff and its front company Sepehr Energy
India’s retail inflation hits near six-year low at 3.16% in April
Easing food prices open door for RBI rate cuts as inflation stays below target for third straight month