Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
Gold Prices Fall as Strong Dollar and Rising Oil Prices Pressure Markets 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict 
Trump Signals Prolonged Blockade Strategy Against Iran Amid Rising Tensions 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Nissan Motor Co. postponed the release of its electric flagship model Ariya SUV due to the persisting semiconductor shortage.
The Ariya SUV was set to go on sale in mid-2021 but Nissan changed plans and said a limited edition would instead be available in Japan in winter before a domestic and global rollout.
Nissan Executive Vice President Asako Hoshino blamed the longer than expected COVID-19 and semiconductor shortages as the cause of delay.
The company decided to launch the Ariya SUV in Winter because its innovative technologies need thorough checking.
The Ariya SUV comes with tech features such as Nissan’s ProPilot 2.0 autonomous driving technology, a self-parking feature, and Amazon’s voice-based digital assistant Alexa.
The carmaker is sales of Ariya for its debut year to be in the tens of thousands and Europe likely to contribute heavily to its sales volumes.
Nissan expects the chip shortage to impact about 500,000 units of its output this fiscal year.
