Headlines for Everyone

Expat Life-Off Trek Asia

Featured post

Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks on November 29, 2023 at 10:09 am

Reuters exclusively reported that Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto.  

The post Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks  appeared first on Reuters News Agency.

India jubilant as all trapped workers rescued from Himalayan tunnelon November 28, 2023 at 2:13 am

Reuters was first to report that Rescuers on Tuesday pulled out all 41 workers trapped for 17 days inside a collapsed tunnel in the Himalayas after drilling through the debris of rock, concrete and earth to reach them, triggering jubilation across India. 

The post India jubilant as all trapped workers rescued from Himalayan tunnel appeared first on Reuters News Agency.

Beijing bourse tells ‘major shareholders’ to refrain from sellingon November 28, 2023 at 4:28 am

Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally.  

The post Beijing bourse tells ‘major shareholders’ to refrain from selling appeared first on Reuters News Agency.

Toyota group companies plan $4.7 billion sale of Denso stake on November 28, 2023 at 4:34 am

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world’s top selling automaker to cash in on stakes in affiliates as it ramps up production of fully electric vehicles, a capital-intensive endeavour that spans research and development to an overhaul of the factory floor. 

The post Toyota group companies plan $4.7 billion sale of Denso stake  appeared first on Reuters News Agency.

Tesla on two wheels? India’s Ola Electric feels the strains of success on November 28, 2023 at 4:40 am

Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. The tech entrepreneur vows to banish the internal combustion engine (ICE) from India, where two-wheel vehicles rule the roads. 

The post Tesla on two wheels? India’s Ola Electric feels the strains of success  appeared first on Reuters News Agency.

India’s Jindal Power will not bid to take over airline Go First on November 21, 2023 at 2:14 pm

Reuters exclusively reported that India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer to liquidation. The deadline to submit takeover bids ends on Tuesday, and the sources told Reuters Jindal had decided against bidding after evaluating the airline’s financial statements. 

The post India’s Jindal Power will not bid to take over airline Go First  appeared first on Reuters News Agency.

Hybrid vehicle sales surge in China, posing fresh threat to foreign automakers on November 21, 2023 at 2:22 pm

Reuters was first to report that as EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. 

The post Hybrid vehicle sales surge in China, posing fresh threat to foreign automakers  appeared first on Reuters News Agency.

Powered by WordPress.com.

Up ↑

Expat Life-Off Trek Asia
%d