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Passenger vehicle retail sales dip 11% in Dec amid semiconductor woes

by AIP Online Bureau | Jan 5, 2022 | Eco/Invest/Demography, Indian News

“The month of December is usually seen as a high sales month where OEMs continue to offer best discounts to clear the inventory due to change of the year. It was, however, not the case this time around as retail sales continued to disappoint, thus wrapping up an...

Toyota, VW are plotting to beat Tesla, pour billions into electric cars

by AIP Online Bureau | Jan 5, 2022 | Eco/Invest/Demography, Facts, Technology

“With market demand for EVs clearly outstripping industry’s ability to produce, success in EVs is no longer about the order book, but rather about production capacity, ability to secure supply, and best cost, where Tesla feels it has considerable lead,” Deutsche Bank...

Covid: Hong Kong bans incoming flights from 8 countries, including India

by AIP Online Bureau | Jan 5, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

Incoming flights from Australia, Canada, France, India, Pakistan, Philippines, Britain and the United States, including interchanges, would be banned from Jan.8 to Jan 21, Hong Kong leader Carrie Lam told reporters on Wednesday Hong Kong announced a two-week ban on...

Foxconn unlikely to reopen its iPhone manufacturing facility in Tamil Nadu until Jan. 7

by AIP Online Bureau | Jan 5, 2022 | Indian News, Workplace/Employee Benefits

The Foxconn plant, located in the state of Tamil Nadu, was closed on Dec. 18, following protests over 250 of its workers being treated for food poisoning. Apple has since placed the factory on probation after discovering that some dormitories and dining rooms did not...

U.S. reports nearly 1 mln COVID-19 cases in a day, setting global record

by AIP Online Bureau | Jan 5, 2022 | Data, Health, Non-Life, Pandemic

The World Health Organization said on Tuesday that evidence thus far suggests Omicron is causing less severe illness. Nevertheless, public health officials have warned that the sheer volume of Omicron cases threatens to overwhelm hospitals, some of which are already...
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