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CATL’s state support and the best of Computex Taipei

May 22, 2025

Hong Kong interest rates fall despite currency’s US dollar peg
HONG KONG — Interest rates in Hong Kong have fallen despite a monet mechanism that pegs the city’s currency to the U.S. dollar, as investors shun carry trades amid declining confidence in the greenback. The peg system lets the Hong Kong dollar fluctuate between 7.75 and 7.85 per U.S. dollar. When the upper or lower…
The political tug-of-war at the center of Trump’s Iran decision: From the Politics Desk
Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. In today’s edition, Andrea Mitchell breaks down the critical decision facing President Donald Trump on the Israel-Iran conflict. Plus, Lawrence…
Toyota chairman’s pay hits new record, up 20% despite lower profit
NAGOYA, Japan — Toyota Motor boosted Chairman Akio Toyoda’s compensation by 20% to nearly 1.95 billion yen ($13.5 million) for the year ended March 31 as the automaker adopted global pay benchmarking, a new regulatory filing shows. The fiscal 2024 pay for Toyoda, a member of the founding family, marked the highest executive compensation ever…
Buss family selling Los Angeles Lakers: Source
Control of one of the most high-profile and valuable professional sports teams in the world is changing hands. The Buss family, which has run the Los Angeles Lakers for 46 years, is selling a majority stake in the iconic NBA franchise for a valuation of $10 billion to Mark Walter, who had previously owned a…
As China’s minidramas boom, studio to open in northeast industrial hub
DALIAN, China — The northeastern Chinese city of Shenyang has announced it will open a center for minidrama production next week, bringing the burgeoning online entertainment field to a region better known for heavy industry. The 213 YC-Future Audiovisual Culture Industry Park, set to start up next Monday, is located at a 20,000-square-meter site that…
Some Democratic senators regret voting to confirm Kristi Noem as DHS secret
WASHINGTON — Five days after President Donald Trump’s inauguration, seven Senate Democrats voted to confirm Kristi Noem to lead the Department of Homeland Security. Nearly five months later, most of them are critical of her, with some going as far as to say they regret their votes. “I’m very disappointed. I’m very disappointed in her,”…
Why the Federal Reserve is keeping interest rates elevated for now
The Federal Reserve has left its key interest rate unchanged for its fourth-straight meeting. The upshot for consumers: The cost to borrow money — whether through credit cards, for auto loans or mortgages — won’t be changing substantially anytime soon. The Federal Reserve sets the benchmark interest rate for all other borrowing rates in the…
Honda says it successfully tested a resuable rocket
Honda’s latest venture is taking it to new heights — literally. The Japanese carmaker announced Wednesday that it successfully launched and landed its own “experimental reusable rocket.” Company officials said the roughly 21-foot-tall booster reached an altitude of 890 feet before landing again vertically. The test flight is further indication that space operations around the…