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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...

India’s logs new 58,097 Covid cases,the highest since June

by AIP Online Bureau | Jan 5, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

A total of 2,135 cases of Omicron variant of coronavirus have been detected across 24 states and UTs . Maharashtra recorded the maximum number of 653 cases followed by Delhi at 464, Kerala 185, Rajasthan 174, Gujarat 154 and Tamil Nadu 121 cases New Delhi: A total of...

Asian factories take Omicron risks in stride, for now

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy, Reinsurance

The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend production and threatening to disrupt output for memory chip giants like Samsung Electronics a TOKYO: Asia’s factory activity grew...
Explainer:How Tesla weathered global supply chain issues that knocked rivals

Explainer:How Tesla weathered global supply chain issues that knocked rivals

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Facts, Non-Life, Pandemic, Risk Management

“We’re designing and building so much more of the car than other OEMs (original equipment manufacturers) who will largely go to the traditional supply base and like I call it, catalog engineering. So it is not very adventurous,” Musk said Tesla...

France detects a new Covid-19 variant called ‘IHU’, 12 infected

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

The new variant from the lineage named B.1.640.2 is believed to have infected 12 people in the country, according to a yet-to-be peer-reviewed study supported by the French Government French researchers have detected a new Covid variant, probably of Cameroonian...

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

by AIP Online Bureau | Jan 4, 2022 | Banking & Bancassurance, Regulation, Risk Management

SIBs are perceived as banks that are ‘too big to fail (TBTF)’. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets....
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