Xiaomi launches YU7, undercutting Tesla’s Model Y on price

Xiaomi launches YU7, undercutting Tesla’s Model Y on price

[BEIJING] Chinese EV and smartphone maker Xiaomi on Thursday (Jun 26) priced its new electric YU7 SUV from 253,500 yuan (S$45,102), almost 4 per cent below Tesla’s Model Y, stepping up the challenge to the US firm in the world’s largest auto market. The YU7‘s base model costs 10,000 yuan less than the starting price…

Read More

US Federal Reserve releases plan to relax key bank capital rule

US Federal Reserve releases plan to relax key bank capital rule

[WASHINGTON] The US Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the US$29 trillion market. The Fed board voted 5-2 on Wednesday (Jun 25) to propose changes to what’s known as the enhanced supplementary leverage…

Read More

Liam Payne’s Girlfriend Kate Cassidy Defends Love Island USA’s Vanna Einerson Amid “Hurtful” Comments

Liam Payne’s Girlfriend Kate Cassidy Defends Love Island USA’s Vanna Einerson Amid “Hurtful” Comments

Kate Cassidy is asking for kindness. The influencer—who dated One Direction singer Liam Payne for two years before his death in October—expressed empathy for new Love Island USA star Vanna Einerson whose appearance has been subject to scrutiny online since she joined season seven of the Peacock dating competition show during the June 23 episode. “People are brutal…

Read More