Bloomberg Thailand’s ubiquitous tuk-tuk, the noisy, colourful three-wheeled taxi that’s been belching exhaust on local roads for almost a century, is getting a cutting-edge makeover to help carry the local auto industry into the future. Beginning in November, a public-private partnership will test the nation’s first self-driving tuk-tuk in an effort to nudge Thailand towards the forefront of developing autonomous-vehicle ...

Bloomberg Commerzbank AG is planning to cut 4,300 jobs as part of a new strategic plan that will also see the bank sell a stake in its Polish mBank unit to reduce risk and help pay for the measures. Germany’s second-biggest listed bank plans to close 200 branches as part of the measures, and buy the 18% it doesn’t yet ...

Bloomberg Indonesia’s central bank cut its key interest rate for a third straight month to bolster growth amid a deepening global economic slowdown. The seven-day reverse repurchase rate was lowered by 25 basis points to 5.25%, as predicted by 21 out of 28 economists surveyed by Bloomberg. The rest forecast no change. The latest round of easing, after the Federal ...