After having set a global strategy to accelerate its shift to make fully electric vehicles only in the new future, the second largest car maker of the world and German auto giant Volkswagen also expects to be able to double… Read More ›
Strategy
Japan Could Impose Temporary Higher Tariff To Curb Import Of US Beef
The volume of imports of beef from the United States into Japan for the fiscal year 2020 has exceeded the benchmark limit of 242,000 metric tons which has prompted the Japanese government to impose an emergency import tariff hike on… Read More ›
Chinese banking regulator finds $42.6 million stolen from housing sector loan funds
On Wednesday, in a report China’s Xinhua news agency reported, the country’s banking regulator found $42.6 million (277 million yuan) was stolen from funds which were supposed to serve the housing market in the southern state of Guangdong. The news… Read More ›
China’s BYD positioning itself to tap growing EV battery market in Europe
Warren Buffett-backed Chinese electric vehicle (EV) maker BYD is hiring engineers for its first overseas battery plant in Europe, said the company in a statement on Wednesday. BYD is aiming to position itself as an EV parts supplier in Europe…. Read More ›
Pfizer Inc sells Chinese biosimilar assets to XuXi Biologics Inc
On Wednesday, in a statement Pfizer Inc said, it has decided to stop producing biosimilar products in China; it has also decided to sell one of its business unit in the eastern city of Hangzhou to WuXi Biologics Inc. “The… Read More ›
Baidu raises $3.08 billion from Hong Kong secondary listing
According to two sources with direct knowledge of the matter at hand, China’s Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing. The New York listed Baidu is… Read More ›
Stripe Plans To Expand Aggressively In Europe Following $95bn Valuation
A major expansion spree is being planned by Stripe, the most valuable startup of the United States. The company has recently raised $600m from investors and plans to add 1,000 jobs in Ireland alone over the next five years. The… Read More ›
Volkswagen Is Planning Huge Expansion In Its Battery Making Capacity
With the aim of becoming the global leader in the electric vehicle segment, the German auto giant and the second largest car maker of the world Volkswagen has unveiled a massive expansion of battery production. By 2030, plans of building… Read More ›
Chinese clamps down on Alibaba, orders divestiture of media assets
According to a report from the Wall Street Journal, the Chinese government has ordered Alibaba Group Holding Ltd to divest all of its media assets. Discussions over the matter have been ongoing since the beginning of this year, with sources… Read More ›
Govt support structures will see U.S. solar installations touch 324GW by 2030
On Tuesday, a solar industry body said, solar installations in the United States are likely to quadruple by 2030 thanks to booming demand for carbon-free power and an extension of a key industry subsidy late last year. The sector is… Read More ›
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