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Canoo production starts could slip, but CEO remains confident in funding
DETROIT (Reuters) - Start of production by electric vehicle maker Canoo Inc at its Arkansas and Oklahoma assembly plants could slip due to supply-chain pressures, but its chief executive remains bullish on the company's ability to raise money.
Hyundai in SUV upgrade
SEOUL: South Korean automaker Hyundai Motor Co will launch the upgraded Palisade sport utility vehicle (SUV) in the domestic market this week, amid the prolonged global chip shortage.
IPI figures to boost GDP
PETALING JAYA: The latest Industrial Production Index (IPI) figures confirm the positive outlook for the country’s upcoming first quarter gross domestic product (GDP) numbers but cautiousness remains key.
Gold slips 1% on elevated yields, dollar strength
BENGALURU: Gold prices retreated 1% on Monday as elevated U.S. Treasury yields and a surge in the dollar to two-decade highs dented the appeal of non-yielding bullion.
US-China tech war: surveillance camera maker Hikvision hopes for ‘fair’ treatment as US reportedly weighs harsh sanctions
Chinese surveillance camera maker Hikvision said it hopes to be “treated fairly” by the US after the Financial Times reported that Washington may impose fresh sanctions on the firm for its alleged involvement in human rights violations in China’s Muslim-majority Xinjiang region.
Stong global demand to ignite semiconductor sector
MALAYSIAN technology players that are exposed to the global supply chain are poised to continue to benefit from the sustained global semiconductor uptrend.
Local bourse has bright spots
THE local bourse is perceived as being more resilient and defensive compared with other markets, and is likely to be range-bound next week, say fund managers who also advocate that retail investors should take the opportunity of price weakness to buy value stocks.
Germany wants to attract chip makers with 14 billion euros state aid
BERLIN (Reuters) - Germany's government wants to attract chip makers with 14 billion euros ($14.71 billion) in support, Economy Minister Robert Habeck said on Thursday, adding that the lack of semiconductors used in everything from smartphones to cars was a massive problem.
British surveillance camera monitor asks British government to clarify Hikvision position
The independent monitor overseeing the British government’s use of closed-circuit television (CCTV) cameras has asked ministers to clarify their positions on buying surveillance cameras from China’s Hangzhou Hikvision Digital Technology.
