businesspick

Japan’s Honda Motor Co (7267.T) will build a new $4.4 billion lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd (373220.KS), …

Ericsson (ERICb.ST) said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The …

Ahead of the 2023 budget presentation, the Federal Government on Monday reiterated petrol subsidy will remain in place until mid-2023. According to the Minister of Finance, Zainab Ahmed, the government …

The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession …

Western technology companies, including Ericsson ERICb.ST and Nokia NOKIA.HE, announced plans for complete exits from Russia on Monday, following Dell DELL.N last week, as the pace of withdrawals accelerates. Ericsson …

Elon Musk has subpoenaed a Twitter Inc TWTR.N whistleblower, seeking documents and communications on the company’s spam and alleged security vulnerabilities as the billionaire battles to end his agreement to …

European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in …

Oil prices rose 1 per cent on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring …

Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” …

The US dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer …