German automakers in 'darkest moment' speed up EV transition - Chinese executive
MUNICH German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling
2023-09-06 17:48
Big Tech's core businesses face overhaul under EU tech rules
By Supantha Mukherjee STOCKHOLM The EU Commission on Wednesday designated 22 services of six major tech companies as
2023-09-06 17:45
China's 'father of EVs' urges cooperation on EV scaleup
MUNICH China's industrial policy adviser and "father of EVs" Wan Gang said efficient batteries, better EV architectures and
2023-09-06 17:21
Accused Money Launderer Funded Singapore Luxury Apartments
A Turkish national arrested in Singapore’s S$1.8 billion ($1.3 billion) money laundering case had financed the purchase of
2023-09-06 16:59
European stocks extend losses as slowdown, rate jitters weigh
By Sruthi Shankar (Reuters) -European stocks extended losses for a sixth consecutive session on Wednesday as worries about slowing global
2023-09-06 16:53
ECB’s Knot Says Markets Risk Underplaying Hiking Chances
Investors largely betting against a European Central Bank interest-rate increase next week are “maybe” underestimating the likelihood of
2023-09-06 16:51
Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI Saudi Arabia's STC Group has
2023-09-06 16:28
South Korea should maintain current monetary, fiscal policies, IMF says
SEOUL South Korea should maintain current, restrictive monetary and fiscal policies as it needs to take steps to
2023-09-06 16:17
Scholz: Germany must pull together to overcome economic crisis
BERLIN German Chancellor Olaf Scholz on Wednesday called on the ruling coalition and democratic opposition to pull together
2023-09-06 15:55
Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United’s valuation on the New York Stock Exchange plummeted by more than £500million in the wake of a report that the Glazers have decided not to sell. Nine months ago the owners announced a full sale was among the options being considered as part of a strategic review at the Old Trafford club. Sheikh Jassim and Sir Jim Ratcliffe made offers to buy United, yet the interminable potential takeover process rumbles on as fans continue to protest against the Glazers. Hopes of a full sale were seemingly dashed when the Mail on Sunday reported that the owners are taking the club off the market and will try to sell again in 2025. That report led to more than £500m being knocked off United’s share price on Tuesday. After the New York Stock Exchange reopened following the Labor Day holiday, the price plummeted from 23.66 US dollars (£18.83) to 19.35 US dollars (£15.40) by close. United’s market capitalisation – the company’s worth on the stock market – was left at 3.15billion US dollars (£2.5billion) after the 18.22 per cent drop. Earlier this year the Glazer family reportedly valued United at £6bn. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-06 15:54
Tesla's Shanghai factory hits 2 million car production milestone
BEIJING Tesla's Shanghai factory achieved on Wednesday the milestone of 2 million cars produced, according to the company's
2023-09-06 15:53
Bank of Russia to Meet Currency Demand as Eurobond Comes Due
Russia’s central bank will offload 150 billion rubles ($1.5 billion) of foreign exchange in the domestic market this
2023-09-06 15:47