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Vinfast plans first EV factory in India
Vinfast plans first EV factory in India
Technology
by  AFP

Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market. In the statement, the company said that the "VinFast Tamil Nadu project aims to evolve into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units".

Asian markets drop as US jobs deal fresh blow to early rate cut hopes
Asian markets drop as US jobs deal fresh blow to early rate cut hopes
Economy
by  AFP

Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut. "Solid US jobs growth, cautious Fed minutes and a still robust US economy raise doubts about markets' aggressive Fed rate-cut expectations."