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Bloomberg Toyota Motor Corp unveiled several changes to its senior management as Koji Sato prepares to take over as chief executive officer, seeking to improve the carmaker’s strategy and messaging in the shift to an electric future and to take on Tesla Inc. Hiroki Nakajima becomes chief technology officer and Yoichi Miyazaki will be chief financial officer from April 1, ...

  Bloomberg Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. The city-state will be focussing on the semiconductor value chain of activities, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said ...

  Bloomberg China’s weekly Covid deaths in hospitals slumped to less than 1,000 as the record wave of infections that rippled through the country following the abandonment of Covid Zero abates. There were 912 fatalities linked to Covid at hospitals between February 3 and February 9, down from 3,278 a week earlier, according to a report from the Chinese Center ...

Bloomberg Renault SA and Nissan Motor Co unveiled their first joint project since announcing a revamp of their carmaking alliance last week. The pair will invest $600 million in India to expand their car lineup, add jobs and decarbonise a manufacturing plant in Chennai, the companies said in a joint statement. The initiative is a key element of the operational ...

  Bloomberg India’s inflation accelerated in January, breaching the top-end of the central bank’s target for the first time in three months and validating the concern of monetary authorities that price pressures are persistent and must be contained. The consumer price index rose 6.52% from a year earlier, according to data released by the Statistics Ministry on Monday. That compares ...

  Bloomberg Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now aim for revenue growth of 15% to 20% for at least the ...

  Abu Dhabi / Gulf Time “Q Holding”, Abu Dhabi’s major investment conglomerate, announced the appointment of two senior executives to lead its subsidiary, “Q Properties”, in its new phase of development. “Q” appointed Ben Hudson as the new Chief Executive Officer (CEO) and David Harman as the Chief Development Officer (CDO) of the group’s development arm, “Q Properties”, paving ...

  Bloomberg The Organisation of Petroleum Exporting Countries (Opec’s) top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties involved in the ongoing climate negotiations pause for a moment; look at the big picture,” Haitham Al-Ghais, ...

  ABU DHABI / WAM The “Bridges of Goodness”, a campaign launched by the Emirates Red Crescent (ERC) to provide relief to those affected by earthquakes in Syria and Turkiye, has collected more than 30,000 food parcels and large quantities of winter clothes, blankets and other humanitarian needs. The campaign, which is being jointly organised by the ERC in cooperation ...

  Abu Dhabi / WAM In line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the central bank of the UAE’s (CBUAE) Board of Directors, the CBUAE on Sunday launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial ...