BLOOMBERG Thailand’s electric vehicle (EV) sales may double this year as Chinese manufacturers prepare to roll out their first locally manufactured models and about $2.4 billion in government incentives boosts consumer demand. New battery EV registrations are likely to top 150,000 by the end of the year, Krisda Utamote, president of the Electric Vehicle Association of Thailand, said in an ...

BLOOMBERG Macy’s Inc is laying off about 3.5% of its workforce ahead of the departure of longtime Chief Executive Officer Jeff Gennette, as the department-store operator retrenches amid lower demand. The company said the cuts include about 2,350 employees, mostly in corporate positions. It will also close five stores. The Wall Street Journal earlier reported the layoffs and store closures. ...

BLOOMBERG Indian consumer goods giant Hindustan Unilever Ltd posted disappointing quarterly profit as it struggled with weak demand, a subdued festival season and competitors tearing into the firm’s market share. The Mumbai-based unit of Unilever Plc reported a 0.4% rise in net income to 25.2 billion rupees ($303 million) for the quarter through December compared with the same period a ...