Why People Wait Years for $100,000 Watches That Look Like Spaceships

(Bloomberg Businessweek) — Let’s get one thing straight: Maximilian Büsser, the creative force behind the red-hot MB&F brand, isn’t making watches he thinks you’ll like. He already did that. For about seven years, the son of a Swiss diplomat and a mother from Mumbai was head of the watch division at luxury jeweler Harry Winston … Read more

Bigger Is Better in India’s Nascent Electric Car Market

Demand for smaller SUVs has been surging in India. They’re suited for the country’s driving conditions, which can vary vastly from smooth multi-lane freeways to rutted streets crowded with rickshaws, dogs and cows. They also offer aspirational buyers an important, yet affordable, status symbol, perching drivers above the masses. And while larger electric SUVs tend … Read more

Growth in China Slows Significantly

(Bloomberg) — Economic growth in China slowed significantly in 2022 from a year earlier as Covid-19 and the government’s response led to the second-weakest performance since the 1970s. While economists expect activity to pick up steam this year, China is contending with near record-low consumer confidence, a property market in the doldrums and a shrinking … Read more

China’s MG Motor Aims to Launch Three EVs in India by End 2024

An MG badge is displayed on an MG Hector sports utility vehicle (SUV) during the vehicle’s launch at the Morris Garages flagship showroom in Gurugram, Haryana, India, on Thursday, June 27, 2019. The launch of the Hector from the iconic brand MG, now owned by Chinese giant SAIC Motor Corp., marks the first Chinese entrant … Read more

These Were the World’s Most Punctual Airlines in 2022

The most punctual global airline of 2022 was Garuda Indonesia, according to fresh analysis by travel data provider OAG, with 95.63% of the carrier’s flights coming in on time. However, overall operations were way down on 2019 levels, with just 25% of flights taking to the skies.

The World’s Love Affair With Japanese Cars Is Souring

Toyota’s pursuit of hydrogen fuel-cell vehicles is backed by the country’s trade ministry, which believes that hydrogen is key to achieving net-zero emissions by 2050. The government said in June that by 2035 all cars sold should be “so-called electric-powered vehicles,” with the proviso that hybrids are included.  Japan’s automakers and government leaders have been reluctant … Read more

Asia Factories Remain Under Pressure as Global Demand Slows

Workers labor on bicycles on the assembly line of PT. Terang Dunia Internusa’s United Bike factory in Citeureup, West Java, Indonesia, on Thursday, Aug. 25, 2022. Countries around the world have set targets to reduce carbon emissions, and increasing the number of electric vehicles on the roads is key to meeting those goals. In Southeast … Read more

Tesla Dip Buyers Return as Stock Snaps Near-Record Losing Streak

“It feels like confidence is gone, and Tesla’s fairy tale suddenly ended,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “Investors are more eager to see how the looming recession will hit Tesla demand, how competition from other electric-vehicle makers will impact Tesla’s market share, and when Elon Musk will stop messing elsewhere while Tesla … Read more