Nissan is streamlining its global vehicle portfolio to discontinue low-performance models. | Image: X-Nissan India YOKOHAMA, Japan — Nissan Motor plans to streamline its global automobile lineup by exiting low-performing ones and deploy its artificial intelligence driving technology across 90 percent of its array over the long term as it targets a revitalization …
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Multiple Q1 indicators signal solid start for economy
A farmer levels seedbed soil in a rice cultivating greenhouse of Youyi Farm Co., Ltd. under Beidahuang Group in Shuangyashan, northeast China’s Heilongjiang Province, April 9, 2026. Heilongjiang, a major grain-producing area in China, has entered the spring ploughing season for rice. Photo: Xinhua LEADING indicators on China’s investment, consumption …
Read More »NZ’s Fonterra names insider Richard Allen as CEO after consumer business sale
Richard Allen has been appointed Fonterra Co-operative Group Ltd’s next chief executive officer. Photo: Supplied / Fonterra NEW Zealand’s Fonterra Co-operative Group said on Monday it has appointed Richard Allen as its chief executive officer, following the sale of its global consumer business last month. Allen succeeds Miles Hurrell, who resigned in …
Read More »Luxury brands face profits squeeze as Iran conflict shrinks Dubai Mall sales
PARIS ― Sales at Europe’s biggest luxury brands have shrunk in Dubai and Abu Dhabi as the Iran conflict hit the sector’s fastest-growing market in the latest setback for the $400-billion industry whose value has contracted over the last three years. Luxury brands in March reported sales drops of 30-50 percent …
Read More »TSMC likely to book fourth straight quarter of record profit on insatiable AI demand
TAIPEI ― Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest manufacturer of advanced artificial intelligence (AI) chips, will likely notch up a fourth consecutive quarter of record earnings with a 50-percent surge in net profit for January-March, thanks to booming demand for AI infrastructure. Analysts say that demand for TSMC’s 3-nanometer technology to produce AI chips …
Read More »IPO of Leopard tank maker KNDS must ensure German-French parity, IG Metall’s Kerner says
A gun, part of the Caesar self-propelled howitzer, during the visit of French Defence and Veterans Minister Catherine Vautrin and Croatia’s Defence Minister Ivan Anusic at the French-German military defence system supplier KNDS in Versailles, France, December 8, 2025 ( Reuters/Benoit Tessier/File Photo) MUNICH/BERLIN — Germany must ensure it matches France’s …
Read More »‘Stop hiring humans’? Silicon Valley confronts AI job panic
More and more companies are directly citing artificial intelligence when they announce job cuts (OLIVIER MORIN) · OLIVIER MORIN/AFP/AFP SAN FRANCISCO, United States — Artificial intelligence (AI) industry insiders want workers to code smarter, think harder, and lean into their humanity — but still dodge the question of how many jobs AI …
Read More »Chinese investment in Brazil pivots from power dams to ice cream, courting consumers
Brazil’s President Luiz Inacio Lula da Silva talks with President of the Chamber of Deputies Hugo Motta during a signing ceremony for a decree to protect children and adolescents in digital environments, at the Planalto Palace in Brasilia, Brazil, March 18, 2026 (Reuters /Adriano Machado) SAO PAULO — For Chinese ice …
Read More »US trade court challenges Trump’s basis for 10% global tariffs
Shipping containers are stacked at a terminal at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026 (Reuters/Caroline Brehman/File Photo) NEW YORK ― A panel of trade court judges challenged the legality of President Donald Trump’s 10 percent tax on most imports, suggesting a large trade deficit …
Read More »Data center operators balance water and energy use as demand grows
DATA center operators are intensifying efforts to manage water consumption as global demand for digital infrastructure rises, with new 2024 sustainability data from Equinix showing increasing pressure on water resources alongside efficiency gains. Industry data show that total water consumption across a global data center portfolio reached 4,180 megaliters, up …
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