Toyota said it expects materials costs to more than double from to 1.45 trillion yen, or about $11.1 billion, in its fiscal year that started in April.
Marlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives.
Doctors across the country are reporting an uptick in health issues that don't involve contracting the Covid-19 virus — but are still caused by the pandemic.
Global stocks have endured a bruising week, and a difficult year so far, but some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation.
Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in Shanghai, the China Passenger Car Association said Tuesday.