Lifestyle
Europe, US fearful of Chinese electric cars, says BYD founder
FOREIGN countries are “afraid” of Chinese electric vehicles, BYD chairman Wang Chuanfu said in a swipe at European and US efforts to constrain imports of China-made cars.
“There are many...
China’s Luckin Coffee is back from the brink and beating Starbucks
AFTER revelations of accounting fraud at coffee chain Luckin Coffee emerged in 2020, many believed it was over for the company seen as China’s answer to Starbucks.Today, Luckin has...
Hertz weighs US$700 million sale of secured debt, convertibles
HERTZ Global Holdings, seeking to bolster its balance sheet after an electric vehicles (EVs) blunder, is considering the sale of at least US$700 million in secured debt as well...
Meta’s WhatsApp launches new AI tools for businesses
META launched its first artificial intelligence (AI) driven ad targeting programme for businesses on WhatsApp, as it tries to wring revenue out of the popular chat service, the company...
Oil settles higher on hopes Fed will track European Central Bank rate cuts
OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit,...
US: S&P 500, Nasdaq dip on the eve of US payrolls data
THE S&P 500 and Nasdaq composite finished lower on Thursday (Jun 6) ahead of a key labour market report, retreating from record highs reached in the previous session. The...
China’s CNOOC reports major gas breakthrough in South China Sea
CNOOC has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday (Jun 6).
Its...
China’s Space Pioneer raises 1.5 billion yuan to fund development of reusable rockets
BEIJING-BASED rocket developer Space Pioneer said on Thursday (Jun 6) that it had completed more than 1.5 billion yuan (S$280 million) round of fundraising that will go towards financing...
