Stories for you
- BusinessReuters
Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it. The shift toward incremental improvement, mirroring a common strategy of Ford and General Motors, suggests the future of car-making that Musk has promised to disrupt may still look a lot like the past. Musk's new strategy followed an exclusive Reuters report
4-min read - BusinessAFP News
ByteDance says 'no plans' to sell TikTok after US ban law
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States."ByteDance does not have any plans to sell TikTok."
3-min read - BusinessAFP News
Weak yen pressures Bank of Japan rate decision
The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act.The central bank ditched its negative interest rate policy in March as it announced its first hike in 17 years, giving a brief lift to the yen.
2-min read - BusinessReuters
Rupee to see muted reaction to US inflation flare-up
The Indian rupee is expected to open little changed on Friday, despite a pick-up in U.S. inflation which spurred a rise in U.S. Treasury yields and further reduced the likelihood of imminent Federal Reserve rate cuts. Non-deliverable forwards indicate the rupee will open at 83.30-83.32 to the U.S. dollar, compared with its close of 82.3150 in the previous session. The core PCE rose by 3.7% in the first quarter, above expectations of a 3.4% increase.
2-min read - BusinessAFP News
End of the road? Philippine jeepneys face uncertain future
The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol.- 'Spirit of the jeepney' - Teodoro Caparino, who has been driving a jeepney for 35 years, hopes the government will decide to fix existing jeepneys rather than replace them with "Chinese-made vehicles".
5-min read - HealthHuffPost
FDA Report Finds Traces Of Bird Flu Were In Commercial Milk Supply Samples
About one in five samples of commercially sold pasteurized milk contained traces of the highly pathogenic avian influenza.
3-min read - NewsAFP News
The Indian villagers who lost their homes to the sea
The gentle roar of the ocean lulled Indian mother-of-two Banita Behra to sleep each night, until one day the encroaching tide reached her doorstep.Jagbandhu Behra -- no relation to Banita -- was unable to find a job to support himself in the Bagapatia resettlement colony after leaving Satabhaya.
4-min read
