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Business
Toyota's new RAV4 makes world premiere in Japan
Toyota Motor Corp on Wednesday unveiled its new RAV4 to the world, with plans to launch the model in Japan before the end of FY2025. The RAV4 had its beginnings in 1994, when sport utility vehicles (SUVs) were positioned as off-road vehicles. It pioneered the crossover SUV genre for both… Read
Bitcoin hits record high amid optimism over U.S. legislation
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. The world's most popular cryptocurrency surged to an all-time peak of $109,499.76, surpassing its previous high set on January 20 when Donald Trump was sworn in as U.S. president. Bitcoin… Read
Trump Organization breaks ground on $1.5 bil Vietnam luxury resort and golf course
Eric Trump attended a groundbreaking ceremony in Vietnam Wednesday for a $1.5-billion luxury resort and golf course due to be developed by his father U.S. President Donald Trump's real estate group. The Trump Organization, which builds luxury developments around the world, has come under scrutiny, with critics accusing Trump of… Read
Japan's exports slow in April as Trump's tariffs dent shipments to U.S.
Japan’s exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home. Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in three months. Imports from the United… Read
Nippon Steel exec says U.S. Steel buyout crucial amid high tariffs
Nippon Steel Corp's vice chairman said high U.S. tariffs have made planned acquisition of United States Steel Corp, now being blocked by Washington, increasingly crucial. The Japanese steelmaker will raise its investment in the U.S. market if the $14.1 billion buyout goes through, Takahiro Mori said in a recent interview… Read
Asian shares climb, oil prices gain after report Israel may attack Iran's nuclear facilities
Shares rose in Asia on Wednesday while oil prices jumped more than 1% following a report that Israel may be planning an attack on Iranian nuclear facilities. U.S. futures were lower. A CNN report cited unnamed intelligence officials saying Israel may be preparing for an attack on Iranian nuclear facilities.… Read
Honda pulls back on EV strategy for now and will push hybrid sales
Honda Motor Co said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030. Instead of the initial plan to invest 10 trillion yen in an electrification strategy through the… Read
Asian shares advance after China cuts interest rates to boost economy
Asian shares rallied Tuesday after China cut key interest rates as part of its effort to fend off malaise worsened by the trade war. Shares in China's CATL, the world's largest maker of electric batteries, jumped about 13% in its Hong Kong trading debut after it raised about $4.6 billion… Read
Nissan tells workers closure of key Oppama plant not decided
Nissan Motor Co on Monday told employees at its signature Oppama plant in Kanagawa Prefecture that reports of its planned closure were not definitive, according to some workers at the factory. The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan… Read
China factory output beats forecasts, weathering tariffs
Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal trade war with Washington. Industrial production in the export powerhouse grew 6.1 percent on-year in April, according to figures published by the National Bureau of Statistics (NBS). The reading was… Read
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