Akio Toyoda, CEO of Toyota, has called himself a spokesman for the "silent majority" of people in the auto industry who have doubts about the single-minded focus on electric vehicles (EVs). He argues that hybrid gas-electric vehicles like Toyota's Prius can be just as environmentally friendly as EVs, and that other companies are pushing consumers to make a leap into EVs without a fully developed charging infrastructure in place.
As electrification increasingly takes over the auto industry, even the most niche vehicles are being affected.
The Bloomberg Asia Pacific Semiconductors Index rose by 0.6%, extending its recent surge to a five-month high. The main reason for this was South Korean memory maker Samsung Electronics Co., which gained more than 1%.
HBO's new post-apocalyptic series "The Last of Us," adapted from a PlayStation game, is a smash hit.
When you ask the hottest AI tool in the world to design an ETF that can beat the US equity market, it tells you the same thing every frustrated stock manager does.
Hive ransomware was seized after a joint US-German law enforcement crackdown. This stopped $130 million in demands for payment from more than 1,500 victims around the world, according to law enforcement authorities.
Nokia Oyj reported better-than-expected earnings, saying demand for their products “remains robust” even amid a weaker macro-economic backdrop with phone carriers set to take a more cautious approach to spending on 5G networks.