South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
Hyundai Motor Co.'s ambitious plan of catching up with Tesla in electric vehicles could fizzle out this year due to delayed production, drying-up state subsidies, and a labor union's opposition to its massive investment in the US.
The South Korean automaker has received about 43,000 preorders for the Ioniq 5 since Feb. 25 but just 114 units were delivered in the first month of its domestic launch in April.
Hyundai planned to build 10,000 units last month but rolled out only 2,600 units as production at its Ulsan line was suspended for a week in early April due to a lack of traction motors.
The parts supply compounded Hyundai's woes as it was forced to halt production earlier this year due to the global semiconductor shortage.
To reduce the waiting time, Hyundai is offering units at a price discount that are without some advanced features like a parking assist or a rear-seat reminder system. It was also considering other options to retain customers who had placed orders.
A Hyundai Motor spokesperson said they cannot predict the delivery period for the Ioniq 5 at this point due to uncertainty over the parts supply.
The slower-than-expected EV rollout also raised concerns that Hyundai may not be eligible for central and provincial governments' subsidies allocated for this year.
The central government provides an 8 million won subsidy for each buyer while provincial governments allocate as much as 11 million won.
