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BANGKOK -Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese car makers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales, industry experts said. Electric vehicle sales in Thailand, Southeast Asia's largest EV market, are forecast to jump 40% this year, exceeding 100,000 units and reversing a 8% drop in sales last year, Suroj Sangsnit, president of Electric Vehicle Association of Thailand (EVAT), told Reuters. The programme, which also includes price subsidies of up to 150,000 baht ($4,400), helped Southeast Asia's second-largest economy become the region's biggest EV market, which registered 70,000 new EVs last year.

(Bloomberg) -- The Bank of Japan’s message on gradual interest hikes has been clearly received by financial markets, Governor Kazuo Ueda said, adding that more hikes will take place if its economic outlook is realized. Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Th

Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek's AI models last week, days before the news tanked U.S. tech stocks, according to online analysis firm Graphika. The accounts involved in the effort, including those of Chinese diplomats, embassies and state media, amplified media coverage of the launch and promoted the idea that DeepSeek challenged U.S. dominance in the AI sector, New York-based Graphika said in a report it provided to Reuters on Thursday. The messaging was rolled out on platforms such as Elon Musk's X and Meta Platforms' Facebook and Instagram, as well as Chinese services Toutiao and Weibo, Graphika said.

Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.

(Bloomberg) -- Shares of SK Hynix Inc., a key supplier to Nvidia Corp., tumbled more than 11% in post-holiday catchup trading after Chinese startup DeepSeek shocked the AI world.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The surprising n

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials Vivek Bhutoria has been bearish on India

While RFK Jr. is likely to lead the Department of HHS, he will be limited in his ability to stop the continued innovation and rollout of new drugs.

Both homebuyers and real estate investors should be well informed ahead of purchasing property about how the housing market in any given location is performing. Is it thriving? Is it tanking? What...

Shares of Las Vegas Sands soared Thursday, one day after executives at the hotel and casino operator said they are confident in their future success due to their strong assets in the important gambling market of Macao.

Investors grow concerned that AI expenses and a looming price war in cloud services could blow up its profits.