European markets close lower as UK inflation misses estimate
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Target asian news
Panasonic to ramp up EV battery production in Japan
TOKYO -- Panasonic Holdings is looking to more than double its domestic production of EV batteries to supply potential customers like Mazda and Subaru and improve the performance of its Japanese factory.
COP29 host urges funding and transparency for 1.5-degree target
TOKYO -- Increasing funding and transparency are key for enabling action to keep global warming below 1.5 degrees Celsius from pre-industrial levels, Yalchin Rafiyev, the chief negotiator of the presidency for the 29th United Nations Climate Change Conference, told Nikkei Asia on Wednesday.
Malaysia’s diesel subsidy cut hailed as positive economic move but fears of voter backlash linger
The move will save about 4 billion ringgit (US$852 million) annually, Prime Minister Anwar Ibrahim said in a televised address on Tuesday night (May 21), saying the blanket subsidy is no longer sustainable as it benefits the “ultra-rich”.
India vs Pakistan, shocks, records, stars: History of the ICC T20 World Cup
A look at the biggest shocks, brightest stars and moments that mattered the most in the T20 World Cup’s 17-year history.
Malaysia’s EV sales ‘stagnate’ as high prices, inadequate charging points hinder adoption
Malaysia’s car market saw a bumper 2023 with total sales surging nearly 11 per cent annually. EVs, however, accounted for just 10,159 units, barely more than 1 per cent of the nearly 800,000 new vehicles that hit the road last year, according to data from the Malaysian Automotive Association (MAA).
U.S. Steel blasts 'misinformation' on Nippon Steel deal from rival Cliffs
DETROIT, Michigan -- U.S. Steel's board of directors on Tuesday released a letter to "correct the record" on what it called "misinformation" pushed by rival Cleveland-Cliffs about U.S. Steel's planned buyout by Nippon Steel.
Britain's inflation rate could be about to drop below the Bank of England's 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target.