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Swedish insurer drops $160 mn Tesla stake over labour rights
Swedish insurance company Folksam said Wednesday it had given up its $160 million stake in Tesla due to the electric carmaker's approach to labour rights. Folksam said that Tesla's approach to its employees' rights to unionise was "problematic" given its investment criteria, and that attempts to influence the company as a shareholder had been ineffective.
'Give me a break': Trump tariffs threaten Japan auto sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break." The tariff "will hit auto production hard, undermine confidence, and reduce orders", Moody's Analytics said in a report about Japan's business sentiment.
Asian markets edge up but uncertainty rules ahead of Trump tariffs
Asian markets edged up Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. In early trade, Asian markets mostly rose, though they were fluctuating between gains and losses after a recent selloff.
Nintendo's megahit Switch console: what to know
Gaming giant Nintendo is set to unveil the successor to its phenomenally popular Switch console on Wednesday. But plans for the console were unveiled in 2015 to overwhelming indifference after the successor to Nintendo's popular Wii device, the Wii U, flopped commercially.
Nintendo to unveil upgrade to best-selling Switch console
Japanese video game giant Nintendo is set to unveil the new version of its hugely popular Switch console on Wednesday, with the update eagerly awaited by both gamers and investors. "There is huge demand for a better version of the original Switch," he added.
Boeing chief to acknowledge 'serious missteps' at US Senate hearing
The head of US aerospace giant Boeing will on Wednesday tell senators that the company has made "serious missteps in recent years" and commit to restoring consumer and investor confidence, according to an advance copy of his remarks.
Tesla sales tumble in Europe in the first quarter
Tesla sales kept falling in March in many European markets as it suffered from a double blow of boycotts against the policies of its founder Elon Musk and an ageing model line-up. Stephanie Valdez Streaty of Cox Automotive said that it was "undeniable that Elon Musk is an influential factor whose actions affect the brand's image and sales".
No 'eye for an eye' approach to US tariffs: Mexico
Mexican President Claudia Sheinbaum said Tuesday there will be no "eye for an eye" approach as the country braces for new US import tariffs kicking in this week. But Sheinbaum said Tuesday "we do not believe in an eye for an eye, a tooth for a tooth, because that always leads to a bad situation."
US seeks death penalty for accused killer of insurance CEO
US Attorney General Pam Bondi on Tuesday asked federal prosecutors to seek the death penalty for Luigi Mangione, who allegedly gunned down an American health care CEO in a brazen attack. "After careful consideration, I have directed federal prosecutors to seek the death penalty in this case."
AFP
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