STOCKHOLM: Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery on the continent. The cell is of a prismatic cell format – a variety of thinner and lighter battery – […]
Business
LONDON: Paris Hilton commands as much as US$1 million (RM4.2 million) a night working as a celebrity DJ, entertaining partiers at clubs in China, Dubai and on the Spanish vacation island of Ibiza. This New Year’s Eve, she will be playing an electronic set for the revellers who drop by […]
BEIJING : China aims to cut energy consumption of steel by 2per cent, and to lower carbon emissions in the aluminium sector by 5per cent by 2025, the country’s industry ministry said in a raw materials development plan on Wednesday. The country will also strengthen the exploration of domestic iron […]
MOSCOW: A Moscow court on Thursday (Dec 23) said it had fined Twitter 3 million roubles (US$40,920) for failing to delete content Russia deems illegal, the latest in a string of penalties against foreign technology firms. Russia has slowed down the speed of Twitter since March as a punitive […]
TOKYO: Japan’s government hopes the central bank keeps up efforts to achieve an inflation target of 2 per cent and works closely with it on economic policy, Prime Minister Fumio Kishida said on Thursday (Dec 23). Before becoming prime minister in October, Kishida had warned of the drawbacks of the […]
MANILA : The World Bank has approved a US$600 million loan for a Philippine reform programme to position the Southeast Asian country for a competitive and resilient economic recovery, the bank said on Saturday (Dec 11). The quick-disbursing loan backs measures to free up retail services and promote private investment, […]
TOKYO : Japan’s biggest power generator JERA has procured 2 million tonnes of liquefied natural gas (LNG) on the spot market to be delivered between November and March to ensure adequate power supply during the peak winter demand season, a company official said on Wednesday. JERA, one of the world’s […]
BANGKOK: Apple on Wednesday (Nov 24) issued alert messages to at least six Thai activists and researchers who have been critical of the government, warning it believed their iPhones had been targeted by “state-sponsored attackers”, according to activists and the alerts reviewed by Reuters. Apple and Thailand’s Digital Ministry did […]
Overseas equity funds with exposure to Chinese equities are on course to deliver their weakest performance in three years, as the stocks were hit by an economic slowdown, a tech crackdown and an increase in default risks in the property sector. Refinitiv Lipper data showed that China-focused overseas equity funds […]
KUALA LUMPUR : AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the Malaysian budget airline said on Thursday. The airlines which joined airasia Super App as partners included Air Canada, […]