AUTOMOBILE
CATL teases five-minute EV charge with longer range than BYD
CATL teased the latest innovations at its Tech Day on Monday in Shanghai — a multi-hour event that took place in a converted warehouse on the outskirts of China’s financial capital
WORLD
Saudi Aramco agrees with China’s BYD to explore new EV technology
Saudi Arabia has been plowing money into the EV space in recent years as it strives to create a domestic auto manufacturing hub under Crown Prince Mohammed bin Salman’s agenda to diversify the economy away from oil
BUSINESS
Bitcoin rebounds as Trump’s push against Powell weakens dollar
The rebound comes as the dollar and US stock-index futures fell Monday after the president’s criticism of the Federal Reserve raised concerns over its independence.
BUSINESS
Gold climbs toward record as global trade war concerns dominate
Gold has soared to successive records this year as the trade conflict has unsettled global markets, hurting appetite for risk assets while accelerating a rush to havens.
WORLD
Trump’s global trade war hangs over Vance’s India visit
Prime Minister Narendra Modi is slated to host Vance for a bilateral meeting, the White House said.
BUSINESS
Oil fell with Ukraine-Russia truce, US-Iran talks in focus
Oil has declined sharply this month, touching a four-year low at one point, driven by investors’ fear of that the onslaught of tariffs and counter-levies between the US and its biggest trading partners including China will sap crude demand.
WORLD
Mark Zuckerberg, Jamie Dimon are among top sellers ahead of tariff stock rout
The bulk of last year’s sales came from Jeff Bezos, who disposed of Amazon.com Inc. shares worth more than $8.5 billion in February
WORLD
First shockwaves of Trump’s tariffs are about to hit the world economy
Tariffs, and the risk they pose to both the economy and inflation, have been on the mind of survey respondents in recent months.
BUSINESS
Fidelity, Goldman find tariff haven in Asian consumer stocks
Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive.
BUSINESS
China accelerates budget spending to counter tariff woes
China has to strengthen public spending to shield the economy as surging American tariffs could send its exports into contraction while a years-long housing market downturn and deflation keep consumer and business sentiment weak.
WORLD
Trump officials say letter to Harvard sent by mistake: NYT
The letter was sent by the acting general counsel of the Department of Health and Human Services, Sean Keveney, the paper said, citing three unidentified people who were briefed on the matter.
BUSINESS
Xi Jinping’s no. 2 signals openness to policy shift as tariffs hit
China’s GDP expanded 5.4% last quarter from a year before, thanks in part to Beijing’s consumer subsidies, along with an export surge to get ahead of the tariffs
WORLD
Trump raises Powell firing as ire toward US Fed chair explodes
Trump has been asking those around him about the possibility of removing the Federal Reserve chair, according to people familiar with the matter
WORLD
Asian stocks trade in tight range, Japan edges up
Stocks fluctuated at the open with modest gains in Japan while most of the other markets are shut for the Good Friday holiday
BUSINESS
Tata inks £750 million loan to fund biggest UK battery plant
The two-year loan has been priced at a spread over the Sterling Overnight Index Average, or SONIA, and the deal has been signed but disbursement is ongoing, the people said.
BUSINESS
H-1B Visa: US agency probes workers' bias claims against Tata Consultancy Services
TCS is India’s biggest IT services firm by revenue, with more than 600,000 employees globally.
WORLD
Hermès quarterly sales hurt by weakness in Chinese luxury demand
First-quarter sales in Asia Pacific excluding Japan rose 1.2% at constant exchange rates, Hermès International SCA said in a statement
WORLD
How coal power plants, carbon-emitting cars are affecting global blood supply
The study is the first globally to look at how climate change can affect each stage of the blood supply chain, based on a review of international studies
WORLD
Harvard University says IRS revoking tax-exempt status would be ‘unlawful’
With a $53 billion endowment, Harvard has emerged as the highest-profile university to contest Trump’s attempts to force sweeping changes on higher education
WORLD
Xi urges ‘Asian family’ unity as Trump seeks to confine China
Xi landed in Phnom Penh on Thursday, kicking off the final leg of his three-nation tour
MARKETS
Fed’s Powell says strong labour market depends on price stability
Powell said policymakers would balance their dual responsibilities of fostering maximum employment and stable prices
BUSINESS
Gold hits fresh record as trade war, Powell fire up haven demand
Bullion rose as much as 0.4% to $3,357.78 an ounce on Thursday, before paring gains
MARKETS
US stocks slump as Powell remarks add to chipmakers’ woes
The S&P 500 Index fell as much as 3.3% before ending the session down 2.2% in New York, and the Nasdaq 100 Index slumped 3%.
WORLD
Powell to volatile stock market: You’re on your own, for now
It was a message equity investors weren’t expecting after two weeks of volatility following President Trump’s unveiling of punitive tariffs on scores of countries
