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Insight - Amazon takes robot cars to a whole new level
E-commerce giant to buy self-driving car firm Zoox
Japan’s bond traders count on BoJ to tide over supply deluge
TOKYO: Keep calm and trust the Bank of Japan. That’s the mantra for traders in the nation’s bond market after the government boosted debt issuance by almost 40% to fund its stimulus spending.
Japan’s bicycle-parts company boosted by virus
TOKYO: Shimano Inc, a 99-year-old Japanese maker of brakes, gears and components, is poised to take advantage of the global surge in demand for bicycles across the globe as people embrace new modes of transportation due to the coronavirus pandemic.
Amazon buying Zoox may save US$20bil, put Tesla on its heels
Amazon.com Inc’s talks to buy driverless vehicle startup Zoox Inc has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.
Japan’s bond issuance to exceed US$1.9 trillion this year
TOKYO: Japan’s government is said to have increased the amount of bonds it plans to issue this fiscal year for the third time in under two months, seeking to fund its unprecedented economic stimulus.
Chinese delivery mogul’s wealth doubles to US$10bil in months
Meituan Dianping founder Wang Xing’s fortune has nearly doubled since his company emerged from the depths of China’s Covid-19 lockdown, cementing his place among a generation of the country’s most prominent tech entrepreneurs.
Tencent plans to sell billions of dollars in bonds globally
HONG KONG: Chinese social media and gaming giant Tencent Holdings is testing the market's appetite for a U.S. dollar bond deal it plans to offer, according to a term sheet reviewed by Reuters.
US expert: China has shown the ability to rapidly contain coronavirus
SHANGHAI: Xinhua has reported that the fact that the spread of the novel coronavirus has been effectively contained in China is a demonstration of the country's ability to handle a public health crisis, a US economist and China expert has said.
China seen holding stimulus in check amid uncertainty
BEIJING: Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
China has a new plan to overtake the US in tech
BEIJING: Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.