Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Rolls-Royce announced its plans to ditch gas and to produce all-electric vehicles by the year 2030. The British luxury automobile maker headquartered in Westhampnett, United Kingdom, revealed on Wednesday, Sept. 29, that it would be joining other major car brands in their move to switch to electric vehicles.
According to Reuters, Rolls-Royce, to start its transition to an all-electric carmaker, it will be unveiling its first fully electric car called “Spectre.” The company said that this will be arriving on the market in the last quarter of 2023. To prepare for its official launch, Rolls-Royce is set to begin testing the car soon.
“With this new product, we set out our credentials for the full electrification of our entire product portfolio by 2030. By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products,” Rolls-Royce chief executive officer, Torsten Müller-Ötvös, said in a press release.
He added, “Spectre is the living fulfillment of Charles Rolls’ Prophecy. My Promise, made on behalf of Rolls-Royce Motor Cars, is kept. Now we begin a remarkable undertaking. I am proud that we will continue to propel the world’s most progressive and influential women and men into a brilliant, electrified future.”
Müller-Ötvös further through the release that the Rolls-Royce brand is already 117 years old, and today, after more than a century, he is proud to announce that they will be starting the on-road testing program for their new car that will elevate the global all-electric car revolution.
He said that the Spectre is the first and finest super-luxury all-electric car to be built. He also noted that this is the first of its kind and is not a prototype. This is the real one that will soon be traversing the roads as its testing begins.
Meanwhile, CNBC mentioned that with Rolls-Royce’s announcement about its shift to all-electric vehicles, it would be joining other luxury automakers such as BMW, Jaguar, Mercedes Benz, and Bentley, which are also working to lessen or completely phase out the gas vehicles. Automakers in the world are making this change to lower carbon emissions and help curb climate change.
