The real estate sector in China experienced a crisis of confidence on Monday as stocks and bonds dropped to about eight-month lows amid worries about a cash shortage at two of the nation’s largest developers, Country Garden and Dalian Wanda…. Read More ›
The American investment firm Bain Capital said on Sunday that it has reached an agreement to buy out the entire private stake held by the Adani family in the business by acquiring 90% of Adani Capital and Adani Housing. According… Read More ›
Elon Musk, the CEO of Tesla, hinted on Wednesday that he will lower costs once more for electric vehicles in “turbulent times,” despite the fact that his company’s profits are being squeezed by his fierce price battle with competing automakers…. Read More ›
In spite of price constraints, Swedish automaker Volvo Cars anticipated strong demand for its vehicles on Thursday, despite reporting a 54% decline in second-quarter operating earnings due to the year-ago quarter’s profit being boosted by a one-time gain. Volvo Cars,… Read More ›
According to Albert Park, chief economist of the Asian Development Bank, China’s hesitant consumer confidence has been “a dampener” for its frail recovery. The second-largest economy in the world earlier this week released second quarter GDP figures that mostly fell… Read More ›
China reported Monday that its second-quarter GDP increased by 6.3% year on year, falling short of estimates. In June, the unemployment rate among young individuals aged 16 to 24 was 21.3%, a new high. The second-quarter GDP figure of 6.3%… Read More ›
According to a Deloitte survey released on Wednesday, back-to-school spending is anticipated to decline for the first time in nine years as consumers of all income levels prioritise essentials over non-essential purchases in the face of persistent inflation. According to… Read More ›
SoftBank is thinking about listing its PayPay payments division on the New York Stock Exchange. If successful, this would be the second American listing for Masayoshi Son’s vast tech conglomerate after Arm, claimed a Reuters report quoting information from sources. … Read More ›
Since the debut of Meta’s text-based platform Threads last week, which has already crossed 100 million sign-ups since its debut, user activity on Twitter has decreased. The U.S. version of Threads began on Wednesday, and executives from Meta, including Instagram… Read More ›
With a plant that could produce four cars a day, Siam Motors of Thailand teamed up with Nissan Motors in 1962, beginning a successful, long-lasting partnership with Japanese firms that turned it from a car dealer to an automotive pioneer…. Read More ›
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