LONDON – Airbus set a sales record in 2023 by racking up more than 2,000 net orders, as airlines splashed out on purchases amid surging demand for fuel-efficient aircraft…
SYDNEY – A union for pilots employed by Australia’s Qantas Airways has called for the company’s chairman to resign following a series of scandals that have drawn fierce criticism…
NEW YORK – Qualcomm Inc. is betting the future of AI will require more computing power than what the cloud alone can provide. The world’s largest maker of smartphone processors…
TAIPEI – Taiwan Semiconductor Manufacturing Co.’s (TSMC) profit beat expectations after its chip margins held up better than anticipated, assuaging concerns about fallout from a…
SINGAPORE – Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers’…
BEIJING – Chinese holidaymakers cut back sharply on travel and spending during the National Day break this week as strict Covid-19 rules discouraged movement, while signs of a…
LONDON – London’s housing crisis is spreading, with a record surge in the number of tenants looking for rooms to rent far outstripping the places available. The trend, mirrored…
SINGAPORE – Oil retreated to the lowest level since January on concerns that a global slowdown will cut demand in Europe and the US just as China’s zero-Covid-19 strategy hurts…
TOKYO – Japan’s Sony Group said on Tuesday (May 10) that its fourth-quarter operating profit more than doubled to 138.6 billion yen (S$1.5 billion), helped by strong performance…
SYDNEY – Oil extended its retreat – and has now given up most of the gains following Russia’s invasion of Ukraine – as attention turns to the prospect of reduced demand due to a…