Toyota, Hitachi join Japan's automotive cybersecurity push
TOKYO -- Dozens of Japanese companies including Toyota Motor and Hitachi are collaborating in an industrywide initiative to improve cybersecurity for automobiles.
Recent Developments and News in Asia
Brits snap up lower mortgage deals as Bank of England rate cut boosts property market
LONDON — Britain's biggest high street lenders are continuing to slash borrowing costs after the Bank of England's first interest rate cut in four years sparked a boom in homebuyer activity.
Europe Slashes Tariffs for Tesla Vehicles Made in China
The European Union is proposing to charge Tesla an additional tariff of 9 percent on its vehicles imported from China while other automakers face rates as high as 36.3 percent, as part of efforts to protect European producers from unfair competition.
Global commodities' biggest winners and losers this year — and where they're headed
The global commodities market has been volatile this year, with prices remaining largely elevated.
How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development.
India flags cricket rights concerns with Disney-Reliance $8.5 billion merger
India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday.
US-China financial stress hotline a well-timed connection
The US and China’s agreement to name point people to handle future “financial stress events” in the world’s two biggest economies and beyond could hardly be better timed.
Boeing pauses tests of 777X aircraft after finding damage to one of the jets' structures
Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the wide-body aircraft.