JAKARTA -- Indonesian superapp company GoTo will consider raising the fares that its Gojek ride-hailing service charges if fuel prices continue to surge because of the Iran war, CEO Hans Patuwo said on Tuesday.
Komatsu expects profits to tumble 16% on Iran war, US tariffs
TOKYO -- Construction equipment maker Komatsu said Tuesday that it expects consolidated net profit for the current fiscal year to fall 16% to 318 billion yen ($1.99 billion), as earnings take a hit from conflict in the Middle East and U.S. tariffs.
Nickel prices stay high as Iran war adds to Indonesia output cut: S&P
JAKARTA -- Nickel prices are expected to stay high throughout 2026 as Indonesia pushes its production cut plans and the Iran war disrupts supply of sulfur, a key ingredient in the processing of the metal, S&P Global Energy analysts said Tuesday.
Asia's airlines cut more flights as fuel prices soar
SINGAPORE -- Rising fuel prices are prompting Asian airlines to cut more flights in the coming months, with a regional industry group saying the Middle East conflict is adding uncertainty to global air travel demand.
Fanuc, Siemens tap manufacturing know-how in physical AI push
HANOVER, Germany -- Manufacturers in Japan and Germany are stepping up the adoption of physical artificial intelligence, leveraging their real-world shop-floor data to boost production speed and precision.
What China holds in store for Apple's new CEO
PALO ALTO, California/TAIPEI -- Apple's incoming CEO has a China problem: On the one hand, the iPhone giant is finally seeing sales rebound in the world's second-largest economy. On the other, its China-heavy supply chain is increasingly under pressure from geopolitical headwinds.
BYD Q1 profit down 55% from year ago as it banks on overseas sales
HONG KONG -- BYD on Tuesday posted a fourth consecutive quarterly profit drop, as China's electric vehicle champion absorbed the costs of a strategic pivot toward overseas sales and away from the cut-throat, low-margin domestic market.
Indonesia's GoTo posts 1st quarterly net profit as fintech business surges
JAKARTA -- Indonesian superapp company GoTo on Tuesday announced its first quarterly net profit ever, driven by rapid expansion of its financial technology services.
Measures needed to expand 'outside-China' rare earths industry: Lynas CEO
TOKYO -- Government measures are necessary to fuel growth and development of the rare earths industry in countries other than China in order to ensure reliable access to the critical materials, the chief executive officer of Australia's Lynas Rare Earths said on Tuesday, as countries around the world look to build alternative supply chains.
South Korean lawmakers push back on US Coupang claims
SEOUL -- A group of left-leaning South Korean lawmakers on Tuesday announced they had sent a letter to the U.S. ambassador protesting what they call U.S. interference in efforts to crack down on e-commerce giant Coupang .