Saudi Arabia’s Aramco halts plans to increase maximum oil production capacity
Saudi Arabia’s state-controlled Aramco on Tuesday announced it is pausing plans to raise its maximum crude production capacity.
India set to be world’s third largest economy by 2027, finance ministry says
India could become the world’s third-largest economy by 2027 with a gross domestic product of $5 trillion, the finance ministry has said.
Boeing’s reputation takes a hit after 737 Max 9 fallout, survey shows
Net trust in Boeing dropped 12 percentage points among U.S. adults after a door panel blew off a Boeing 737 Max 9 jet on Jan. 5.
Hong Kong leaders start legislative push to tighten national security laws
Hong Kong’s leader confirmed his intention to pass new national security laws soon, saying the city has the constitutional responsibility to impose them.
Race for China’s EV market could last 3 years, BYD says, claiming it wants to work with Tesla
Heated competition for China’s electric car market will likely last two to three years, a BYD representative said Monday.
Alibaba-backed Xreal, rival to Apple’s Vision Pro, claims it’s now an AR glasses unicorn
Alibaba-backed augmented reality glasses company Xreal said it received $60 million in new funding, giving the company a valuation of more than $1 billion.
A group of Japanese citizens launches a lawsuit against the police to stop alleged racial profiling
The number of non-Japanese living in Japan reached a record high last year, at nearly 3 million people.
How ‘quiet luxury’ is subtly taking over investor portfolios
Quiet luxury was one of last year’s biggest viral fashion trends, but unlike other short-lived fads, this one has made its way into investor portfolios.
Boeing withdraws bid for safety exemption for Boeing 737 Max 7
Boeing confirmed late on Monday it is withdrawing a request it made to the Federal Aviation Administration last year seeking an exemption from a safety standard for its 737 Max 7 that is awaiting certification.
Asia markets climb; Hong Kong falls in the wake of Evergrande liquidation order
Investors in Asia continue to grapple with the fallout from the liquidation of Evergrande, as well as assessing Japan’s unemployment numbers for December
