SEOUL :South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global electric vehicle (EV) demand, after reporting a 75 per cent plunge in first-quarter profit.The supplier of automakers including Tesla, General Motors and Volkswagen reported operating profit…

BANGKOK: Thailand issued fresh warnings about scorching hot weather on Thursday (Apr 25) as the government said heatstroke has already killed at least 30 people this year. City authorities in Bangkok gave an extreme heat warning as the heat index was expected to rise above 52 degrees Celsius. Temperatures in the concrete sprawl of the Thai capital hit 40.1 degrees Celsius on Wednesday and similar levels were forecast for Thursday. A wave of exceptionally hot…

Singapore

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“Seeing a video of Hersh today is overwhelming. We’re relieved to see him alive but we’re also concerned about his health and well-being as well as that of all of the other hostages and all of those suffering in this region,” his father, Jonathan Polin, said in a video message.…

Business

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BEIJING : Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang brand, on Thursday, as it makes a push upmarket to increase profitability amid an intensifying price war.Last year, BYD added the Yangwang brand to its stable with an SUV and sports car priced…

Lifestyle

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