Air Asia planes are parked at Kuala Lumpur International Airport LCCT in Kuala Lumpur, Malaysia, on April 30, 2023.Nurphoto | Nurphoto | Getty ImagesAn AirAsia flight bound for China returned to Kuala Lumpur due to an engine fire shortly after takeoff and landed safely with no injuries reported, Malaysian authorities said on Thursday.Flight AK128 on an Airbus A320, was en route to Shenzhen but turned back to Kuala Lumpur International Airport after a “pneumatic ducting burst” caused a fire in the right engine shortly after its 9:59 p.m. (1359 GMT) departure on Wednesday, the Selangor state fire department said in a statement.The fire was completely extinguished by the plane’s in-built system before it landed safely slightly after midnight, the department said, adding all 171 passengers and…
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Chris Harvey, Wells Fargo securities, joins ‘Fast Money’ to talk how to navigate the current market volatility. Source link
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England.Anna Barclay | Getty ImagesShares of Asia’s automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country.Japanese automakers Toyota and Honda fell 3.69% and 2.91% respectively. Nissan, which has two plants in Mexico, declined 2.92%, and Mazda Motor lost over 6%. Mitsubishi Motor fell 4.9%. South Korea’s Kia Motors, which has a manufacturing plant in Mexico, dipped 2.76%. Shares of Chinese automakers Nio and Xpeng fell 3.94% and…
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba Cloud launched Thursday its latest AI model in its “Qwen series,” as large language model competition in China continues to heat up following the “DeepSeek moment.”The new “Qwen2.5-Omni-7B” is a multimodal model, which means it can process inputs, including text, images, audio and videos, while generating real-time text and natural speech responses, according to an announcement on Alibaba Cloud’s website. The company says that the model can be deployed on edge devices like mobile phones, offering high efficiency without compromising performance. “This unique…
Jair Bolsonaro, Brazil’s former president, will face trial on charges that he oversaw a vast scheme to cling to power after losing the 2022 elections, including an attempt to overturn the vote and a plot to assassinate the nation’s president-elect, the country’s Supreme Court decided on Wednesday.The ruling marks a significant effort to hold Mr. Bolsonaro accountable for accusations that he sought to effectively dismantle Brazil’s democracy by orchestrating a broad plan to stage a coup.Supreme Court Justice Alexandre de Moraes, who is overseeing the case, said in explaining his decision that there was no doubt Mr. Bolsonaro “knew, handled…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signaling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire’s short-lived bid in 2018 to take the company private.Tesla sells in other Middle Eastern countries, but not in Saudi Arabia, the Gulf region’s largest market, where EVs only account for 1% of total car sales. The brand has had considerable success in neighboring United Arab Emirates, where most ride-hailing apps offer electric vehicles.The dispute started when Musk tweeted in 2018 he had “funding secured” to take Tesla private after a meeting with Saudi…
Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok.China “is going to have to play a role” in approving a TikTok-related divestiture, Trump said in a press conference Wednesday. “Maybe I’ll give them a little reduction in tariffs or something to get it done,” Trump said. “TikTok is big, but every point in tariffs is worth more than TikTok.”Although a national security law requires ByteDance to divest TikTok’s U.S. operations or face an effective ban in the…
The direction of average tariff rates is up, Barclays says Whether President Trump will indeed soften his approach to tariffs as he has recently suggested is uncertain, but one thing that is clear is that average tariff rates are rising, according to Barclays.”We think the direction of travel is clear: average tariff rates are increasing, likely to levels not seen since before World War II,” the firm’s Michael McLean wrote Wednesday.”At the end of 2024, the US weighted average tariff rate was 2.5%. After the tariffs that Trump has implemented so far, the average tariff rate has increased more than…
Pres. Trump announces 'permanent' auto tariffs going into effect April 2 Source link
