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Bloomberg Mobile industry bellwether Murata Manufacturing Co expects Apple Inc to reduce iPhone 14 production plans further in the coming months because of weak demand, which would force the supplier to again cut its outlook for its handset-component business. “Judging by handset availability in stores, I see a downward revision happening,” Murata President Norio Nakajima said in an interview. “I ...

  Bloomberg Tesla Inc is offering further incentives to Chinese customers who buy and take delivery of new cars this month, in the latest move to boost sales in the world’s biggest electric vehicle market. Elon Musk’s EV pioneer will subsidise purchases by 6,000 yuan ($860) for Model 3 sedans and Model Y sports utility vehicles, which currently start at ...

  Bloomberg Indian households expect prices to cool in the coming days and the economy to improve, surveys from the central bank found. Inflation perceptions in November dropped by 40 basis points to 9.8%, according to a Reserve Bank of India survey of 6,066 urban households in 19 major cities. Three-month and one-year ahead expectations declined by 40 and 20 ...

Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man trying to take on Elon Musk’s Tesla Inc, has filed for an initial public offering in the US just as it prepares to deliver its first SUVs to California customers later this month. The unit of conglomerate Vingroup JSC, founded by Pham Nhat Vuong, is being advised by banks including ...

  Bloomberg China reported an increase in its gold reserves for the first time in more than three years, shedding some light on the identity of the mystery buyers in the bullion market. The People’s Bank of China (PBOC) raised its holdings by 32 tons in November from the month before, according to data on its website. That brought its ...

  Bloomberg Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information. The nation’s most valuable startup, valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors, the people said, asking ...

Bloomberg While this week’s drone attacks on Russian airfields that the Kremlin blamed on Ukraine were of largely symbolic value, Kyiv’s apparent readiness to take the war to Vladimir Putin may be constrained by nervousness among its allies over his potential reaction. The strikes at three airfields, including ones used on bombing missions against Ukraine’s civilian infrastructure, boosted morale among ...

Bloomberg Malaysia’s anti-graft agency will summon former premier Muhyiddin Yassin and two ex-cabinet ministers who served in his administration for the alleged misappropriation of 600 billion ringgit ($136 billion) of public funds for tackling the pandemic. The other two are former health minister Khairy Jamaluddin and ex-finance minister Zafrul Aziz, who now heads the international trade and industry ministry in ...

Bloomberg Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) won a landslide election in his home turf Gujarat, showing his appeal with voters remains intact despite higher living costs. The victory in the western state of Gujarat will help the 72-year-old leader build momentum for national elections due in less than 18 months. Modi is looking to extend his ...

  Bloomberg South Africa’s main opposition parties want President Cyril Ramaphosa to be subjected to impeachment proceedings after an advisory panel found he may have breached the constitution, leaving him reliant on the governing ANC to shield him from a parliamentary probe. The panel headed by Sandile Ngcobo, a former chief justice, issued a scathing assessment of Ramaphosa’s handling of ...