New CEO of UK’s Rolls-Royce brings in new CFO, makes leadership changes
Former BP executive Helen McCabe has been hired as chief financial officer of Rolls-Royce.
China’s chip industry will be ‘reborn’ under U.S. sanctions, Huawei says, claiming breakthrough
Huawei confirmed that it and other domestic firms jointly created chip design tools required to make semiconductors sized at 14 nanometers and above.
Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China
U.S.-listed Xpeng has tried to make its assisted driving technology a selling point for consumers.
Euro zone price rises cool significantly in March, but core inflation hits record high
Inflation in the euro zone dropped significantly in March as energy prices continued to fall.
‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says
The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” according to HSBC Senior Economic Adviser Stephen King.
Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant
Huawei has sought to diversify into new areas including cloud computing and automotive after a rough few years in which U.S. sanctions have hit the company.
Britain to join Indo-Pacific trade bloc in biggest trade deal since Brexit
The U.K. said this was the country’s largest post-Brexit trade deal and makes it the first European nation to join the CPTPP.
Singapore warns of travel delays after technical issue at immigration checkpoints
Changi handles nearly 150,000 passengers a day while about 300,000 people cross daily at the Woodlands and Tuas causeways linking Singapore with Malaysia.
Tesla’s Musk planning to visit China, seeking meeting with premier, sources say
A visit by Musk would mark the first time he has visited China since the Covid-19 pandemic and since Xi Jinping secured a third term as China’s president.
World Bank raises growth forecast for East Asia, says banking sector is sound despite global stress
The World Bank expects East Asian and Pacific economies to grow more than it previously estimated, thanks to a sharp rebound in activities in China.
