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Thailand approves new, scaled down EV subsidy package

Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction. The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year, chairman of the Federation of Thai Industries, Kriengkrai Theinnukul, told reporters.

TOKYO (Reuters) Japan's factory output unexpectedly fell in April, government data showed on Wednesday, as production machinery orders slowed amid

Japan April factory output unexpectedly falls on weaker machinery orders

Japan's factory output unexpectedly fell in April, government data showed on Wednesday, as production machinery orders slowed amid weakening global demand, casting doubts about recovery in the world's third-largest economy.

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