Lured by Thailand perks, China’s EV makers face reality check

Lured by Thailand perks, China’s EV makers face reality check

IT’S HARD to miss the aggressiveness of Chinese automakers in the Thai market on the drive from Suvarnabhumi Airport into Bangkok: huge billboards featuring BYD, Changan Auto, GAC, Great Wall Motor, SAIC MG and many other Chinese brands line the highways and roads. And on the streets of the capital, Chinese car dealerships are often…

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Adani Group gets Modi’s blessing as it expands mega India port

Adani Group gets Modi’s blessing as it expands mega India port

INDIA Prime Minister Narendra Modi is set to flag off the second phase of Adani Group’s mega port in Kerala on Friday, showcasing the solid political support for billionaire Gautam Adani amid an ongoing bribery probe in the US.  The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships…

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Oil up 2% as Trump threatens new sanctions on Iran

Oil up 2% as Trump threatens new sanctions on Iran

[HOUSTON] Oil prices settled nearly 2 per cent higher on Thursday after US President Donald Trump threatened secondary sanctions on Iran after a fourth round of US-Iran talks was postponed. Brent crude futures settled at US$62.13 a barrel, up US$1.07, 1.8 per cent, while US West Texas Intermediate crude futures closed US$1.03, or 1.8 per cent, higher…

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Electronic Arts lays off hundreds of workers in latest round of cuts

Electronic Arts lays off hundreds of workers in latest round of cuts

Electronic Arts, the global video game company, is slashing its workforce again. The company, based in Redwood City, Calif., has eliminated several hundred positions, including about 100 jobs at Respawn, a video game development studio based in Los Angeles. “As part of our continued focus on our long-term strategic priorities, we’ve made select changes within…

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Who Is Chandra Holt? Kohl’s Fires New CEO Ashley Buchanan for Steering Business to Former Romantic Partner Who Was Colleague at Walmart

Who Is Chandra Holt? Kohl’s Fires New CEO Ashley Buchanan for Steering Business to Former Romantic Partner Who Was Colleague at Walmart

Kohl’s has fired its newly appointed CEO following an internal probe that revealed he had entered into a “highly unusual” business arrangement with a woman he was previously romantically involved with, according to a report. Ashley Buchanan, who took over as CEO of the department store chain only four months ago, was found to have…

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