In spite of price constraints, Swedish automaker Volvo Cars anticipated strong demand for its vehicles on Thursday, despite reporting a 54% decline in second-quarter operating earnings due to the year-ago quarter’s profit being boosted by a one-time gain. Volvo Cars,… Read More ›
According to Albert Park, chief economist of the Asian Development Bank, China’s hesitant consumer confidence has been “a dampener” for its frail recovery. The second-largest economy in the world earlier this week released second quarter GDP figures that mostly fell… Read More ›
China reported Monday that its second-quarter GDP increased by 6.3% year on year, falling short of estimates. In June, the unemployment rate among young individuals aged 16 to 24 was 21.3%, a new high. The second-quarter GDP figure of 6.3%… Read More ›
According to a Deloitte survey released on Wednesday, back-to-school spending is anticipated to decline for the first time in nine years as consumers of all income levels prioritise essentials over non-essential purchases in the face of persistent inflation. According to… Read More ›
SoftBank is thinking about listing its PayPay payments division on the New York Stock Exchange. If successful, this would be the second American listing for Masayoshi Son’s vast tech conglomerate after Arm, claimed a Reuters report quoting information from sources. … Read More ›
Since the debut of Meta’s text-based platform Threads last week, which has already crossed 100 million sign-ups since its debut, user activity on Twitter has decreased. The U.S. version of Threads began on Wednesday, and executives from Meta, including Instagram… Read More ›
With a plant that could produce four cars a day, Siam Motors of Thailand teamed up with Nissan Motors in 1962, beginning a successful, long-lasting partnership with Japanese firms that turned it from a car dealer to an automotive pioneer…. Read More ›
A professor who worked on the creation of Nadine, a social robot driven by artificial intelligence (AI) and equipped with human-like movements and expressions, believes that she may one day play a significant role in caring for the old and… Read More ›
OpenAI, the company that developed ChatGPT, announced on Wednesday that it will devote major resources to the effort and establish a new research team to examine how to make artificial intelligence that eventually controls itself safe for people. “The vast… Read More ›
According to the largest trade union in Japan, companies this year delivered the largest wage increases in three decades. Economists predict that this move would help boost sluggish consumer demand. A Rengo study revealed that wage increases that were first… Read More ›
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