Asia was most impacted by extreme weather and climate in 2023, UN report shows
Asia was the world's most disaster-hit region from extreme weather and climate in 2023, exacerbated by climate change, according to a new UN report.
CNBC Asia
India 'confident' new EV policy measures will allow more foreign players to enter market
Last month, the government rolled out key initiatives, aimed at boosting the country's position in EV manufacturing.
Venice residents clash with riot police as city launches world’s first tourist entry fee
The pilot program means day-trippers to Venice, one of Italy's most picturesque and historic cities, will need to pay a charge of 5 euros (US$5.40).
Honda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.
Inflation, operating costs had the biggest impact on Asian firms last year, survey shows
Higher costs had the biggest impact on Asian businesses in 2023, even as they grappled with a global slowdown and rising interest rates, a survey by UOB showed.
South Korea's largest K-pop agency Hybe accuses sublabel executives of breach of trust
This comes after ADOR CEO Min Hee-jin accused Hybe of plagiarizing ADOR's girl group NewJeans.
Xpeng's Gu says robotaxis won’t be a real business for at least five years
Xpeng, a China-based electric car startup that is also selling in Europe, has made driver-assist software one of its selling points.
India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says
The results of India's general elections could be the reason for a correction in the Indian stock market, according to Bernstein.
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.
‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.
Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India
India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips
SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.
Germany arrests EU Parliament staff member on China espionage charges
A German man was arrested for allegedly sharing information from the European Parliament with the China's secret service, the federal prosecutor’s office said.
Apple sends invites to May 7 launch event, new iPads expected
Apple will launch new products on May 7 in an online event, according to invites sent to the media on Tuesday.
India's high unemployment is a 'ticking bomb,' opposition says, as election battle with Modi's BJP heats up
India's youth make up 83% of the unemployed population, according to an ILO report, but government as well as ILO data shows a decline in joblessness in the past few years.
As India heads to the polls, Modi’s BJP is set to get a boost in opposition-ruled Tamil Nadu
Politics in Tamil Nadu has been dominated by regional players with ethno-nationalist ideologies, rooted in the Tamil language and culture.
This small town in France is selling a house for 1 euro—applications are open, but there's a catch
The French town of Saint-Amand-Montrond estimates that renovating the property will cost around $136,180 USD.
Pro-China party reportedly wins big in the Maldives, likely accelerating its shift away from India
The outcome is widely expected to accelerate the Indian Ocean archipelago's shift toward China and away from its traditional ally of India.
'Big change' in global growth is bullish for commodities including copper, says VanEck CEO
VanEck CEO Jan van Eck thinks the commodities' rally has more room to run.
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