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Sony and Honda to deploy AI to boost EV self-driving capability

October 19, 2024

Corporate China posts second straight year of falling profits
TOKYO — Chinese listed companies are still suffering from weak earnings. Net profit for 2024 at roughly 5,200 companies fell 13% from the previous year, marking the second straight year of decline and the first back-to-back drop since 2000. A prolonged real estate slump has dragged down a range of sectors, including consumer-facing industries such…
Vietnam’s To Lam stresses reform 50 years after end of war
HO CHI MINH CITY — Vietnam’s top leader, To Lam, highlighted the importance of reforming the country as it celebrated the 50th annivers of the end of the Vietnam War. On April 30th, 1975, communist forces took over Saigon, as Ho Chi Minh City was then known, effectively ending the two-decade-long war between Hanoi and the Washington-backed…
Mayor Karachi inaugurates digital Aap to streamline sal process
Mayor Karachi inaugurates digital Aap to streamline sal process KARACHI: Mayor Karachi Murtaza Wahab on Wednesday inaugurated an Aap to digitalize its sal disbursement process. Karachi Metropolitan Corporation (KMC) has officially become the first local council to digitize its sal disbursement process. With the support of the Click Project (CAPS), KMC has successfully shifted its…
Pakistan shifts gears in car exports, with Japanese taking lead
ISLAMABAD — Automakers in Pakistan have begun exploring exports of locally assembled cars, with Japanese brands taking the lead under a government policy drive aiming to turn the industry exportable. However, experts and industry officials question the policy’s effectiveness and point to a lack of an adequate mechanism in the policy structure.
Trump 2.0 shatters long-held corporate assumptions
Nobuko Kobayashi co-leads the Japan consumer practice of global strategy consulting group EY-Parthenon. Kyle Lawless is a director at EY-Parthenon in Tokyo. The real shock for CEOs under Trump 2.0 isn’t tariffs, it’s the breakdown of the global system the U.S. built and guaranteed. Businesses must digest this departure from the past through an honest…
PAF’s timely response compels four Indian jets to retreat
PAF’s timely response compels four Indian jets to retreat ISLAMABAD: A timely and swift response by Pakistan Air Force (PAF) forced four Indian Rafale jets to retreat. According to Security Sources, “On the night of April 29/30, four Indian Rafale jets conducted patrolling within Indian geographical boundaries over Indian Illegally Occupied Jammu and Kashmir (IIOJK).”…
China state airlines stuck in red as trade war darkens skies ahead
TOKYO — China’s three major state-owned airlines racked up losses in the first quarter of 2025, while U.S. President Donald Trump’s trade war has dimmed their outlook. China Southern Airlines, the largest of the three in terms of passenger volume, reported Tuesday night that it suffered a net loss of 747 million yuan ($103 million)…
China’s factory activity contracts in April as US tariffs hurt orders
TOKYO — China’s manufacturing activity contracted in April, reversing an expansion recorded in the previous two months, as the trade war with the U.S. started to weigh on the outlook for exports. The country’s benchmark purchasing managers’ index came in at 49.0 for the month, the National Bureau of Statistics announced on Wednesday. The reading,…
Thai chemical giant Indorama weighs US project restart amid Trump tariffs
BANGKOK — Thailand’s Indorama Ventures, the world’s top producer of the stuff PET bottles are made of, is looking to resume the construction of a halted U.S. factory worth more than $2 billion as it seeks to benefit from President Donald Trump’s new tariff policy, its chief executive said. The company currently produces polyethylene terephthalate…