BEIJING: Nissan Motor said on Sunday it would establish a joint research centre with China’s leading Tsinghua University next year, focussing on research and development of electric vehicles (EVs), including charging infrastructure and battery recycling. Nissan and other Japanese automakers have faced a severe sales challenge this year in China, […]
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SINGAPORE/NEW YORK/LONDON : Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility. Benchmark Brent averaged around $80 a barrel this year, after a volatile 2022 in which prices surged above $100 after Russian supplies were […]
NEW YORK: Golden State Warriors forward Draymond Green has been suspended indefinitely by the NBA after he was ejected from Tuesday’s game for striking Phoenix centre Jusuf Nurkic in the face. In the third quarter of the Warriors’ 119-116 road loss, Nurkic had his hand on Green’s hip while defending […]
MANCHESTER: While Manchester United’s involvement in European competition came to a crashing end yesterday with their 1-0 loss to Bayern Munich, embattled manager Erik ten Hag said his team can now focus on improving their disappointing Premier League position. The three-time European champions needed both to beat Bayern in their […]
SEOUL : South Korea will provide 38 trillion won ($29 billion) in financing to strengthen its battery industry over the next five years, as global competition to secure battery supply chains remains fierce, the government said on Wednesday. South Korean battery firms like LG Energy Solution, Samsung SDI and SK […]
BEIJING : Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3 per cent to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February inched down 1 cent to $73.23 a barrel by 0207 GMT. U.S. West Texas […]
SINGAPORE : Japanese markets were reeling on Friday, with the Nikkei heading for its biggest weekly drop since October, bonds battered and the yen surging toward its largest weekly gain for five months as investors rushed out of bets on Japanese rates staying low. Beyond Japan MSCI’s broadest index of […]
LOS ANGELES: Hunter Biden was indicted late yesterday on multiple counts of tax evasion, the second time this year President Joe Biden’s troubled son has been charged by a special counsel investigating his personal and business dealings. Hunter Biden “engaged in a four-year scheme to not pay at least US$1.4 […]
HONG KONG : Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to $7 billion in offshore debt, becoming the latest developer in China to try to revamp its debt. The developer, with around $11.7 billion in offshore notes, […]
BEIJING : Declines in China’s exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the world’s second-largest economy may be finding their footing after a bruising slump in demand. Outbound shipments from China are expected to show a 1.1 per cent drop in […]