Economy

BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
Economy

BMW, Mercedes launch biggest EV push yet to catch Tesla with new models

BMW took the wraps of the Vision Neue Klasse electric vehicle at the IAA motor show in Munich, Germany. It underpins BMW’s big push into electric vehicles.BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and catch up… […]

Chinese EV giant BYD says self-driving tech is more valuable for factories than cars
Economy

Chinese EV giant BYD says self-driving tech is more valuable for factories than cars

BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000).CNBC | Evelyn ChengSHANGHAI — Fully autonomous driving is “basically impossible” and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD.Many electric car and tech companies are working on… […]

Amazon lays off some employees in its advertising unit
Economy

Amazon lays off some employees in its advertising unit

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy’s effort to rein in costs, the company confirmed.Paul Kotas, Amazon’s senior vice president of advertising,… […]

Global rice shortage is set to be the biggest in 20 years
Economy

Global rice shortage is set to be the biggest in 20 years

Bowl of white rice at Bamboo Sushi restaurant in San Ramon, California, January 23, 2022.Gado | Archive Photos | Getty ImagesFrom China to the U.S. to the European Union, rice production is falling and driving up prices for more than 3.5 billion people across the globe, particularly in Asia-Pacific – which consumes 90% of the… […]

Beyond Kyoto: Japan recommends 11 lesser-known spots to visit
Economy

Beyond Kyoto: Japan recommends 11 lesser-known spots to visit

Japan wants travelers to go beyond the country’s iconic tourist sites — and consider spending their yen in lesser-known locations.The government-backed Japan Tourism Agency selected 11 destinations as part of a “model tourism” project to get “high-value-added” inbound travelers to visit different parts of the country, according to a press release.The 11 destinations vary from… […]