Apple plans to cut iPhone 14 production lag between China, India – Bloomberg
Apple Inc (AAPL.O) plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from the typical six to nine months for previous launches, Bloomberg News reported on Tuesday.
Exclusive: China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe
China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, as the German automaker follows Tesla Inc (TSLA.O) in adopting the new technology.
455,000 jobs were added in March, exceeding estimates: ADP
ADP reports that private payrolls increased by 455,000 in March, exceeding estimates. According to ADP, a payroll processing firm, employers increased employment opportunities at a steady pace in March, indicating that hiring remains strong despite signs of a tightening labor market. The increase in private average wages in August was 455,000, about in line with […]
Japan’s factory output dips more than expected as risks emerge
Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud over the strength of the economic recovery.
Investors seek refuge in China as Fed, inflation roil other markets
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
Cadence Design Systems aims to cash in on new custom-chip era
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Global economy: Asian factories take Omicron risks in stride, for now
Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
Analysis: Malaysia’s labour abuse allegations a risk to export growth model
Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn.
EXCLUSIVE Geely, Renault to soon announce hybrid-focused auto JV for Asia – sources
Geely Holding and France’s Renault are likely to soon announce a deal to jointly produce the Chinese automaker’s hybrid vehicles in South Korea and look at possibly exporting cars duty-free to the United States, three people familiar with the matter said.
