Tesla domestic sales in China hit 2024 year highs last month, marking a 37% increase compared to July, according to data released Monday by the China Passenger Car Association. Meanwhile Chief Executive Elon Musk took to social media to defend Tesla's market position in China.
US President Joe Biden's restrictions on hi-tech trade with China came to a head in meetings between the countries' top commerce officials. In a call with her Chinese counterpart, Wang Wentao, US Secretary of Commerce Gina Raimondo defended these rules put in place on national-security grounds as "not negotiable", her department said on Tuesday. Raimondo "noted ongoing concerns from the US business community about decreasing regulatory transparency in the PRC, non-market policies and practices,
Investors in Hong Kong will need to assess the effects of China's fiscal policies as well as corporate earnings before getting excited about the sustainability of the stock market rally, according to DBS Private Bank. The bank's in-house target for the Hang Seng Index at the end of 2024 is 20,300, which was set before surprise policy announcements from Beijing last month pushed the benchmark to a 32-month high of 23,099.78 on Monday. "The target can overshoot to 22,800 but that's a technical ove
Affluent consumers in Hong Kong are opting for credit cards with maximum benefits, according to a recent survey by global payment company Mastercard. Affluent spenders are looking at a number of ways to construct a "perfect wallet," the report said, adding that Asia-Pacific consumers in particular carefully consider how payment decisions can earn them points, rewards, and discounts. Top-end spenders are highly engaged with payment choices and that informs how they seek to benefit from their fina
Investment will accelerate the company’s growth and further development of the Human Defense Platform while protecting the integrity of the digital world HUMAN Security Announces Funding HUMAN Raises $50+ Million in Growth Funding to Protect the Digital Customer Journey and Defend Against Bots, Fraud and Risk NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- HUMAN Security, a leading cybersecurity company committed to safeguarding every step of the customer’s online journey by defending against bots,
Fiber Optic Cable Industry size is expected to register 9% CAGR between 2024 and 2032 propelled by increasing demand for high-speed internet and data transmission.Selbyville, Delaware, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Fiber Optic Cable Market was valued at USD 11.9 billion in 2023 and is projected to be worth USD 25 billion by the end of 2032, as per a recent study by Global Market Insights Inc. As global digitization accelerates, the need for faster, more reliable internet connections intensif
Scientists in China say they have developed a lightweight, rechargeable battery for Mars exploration that could be powered by the Martian atmosphere while withstanding the planet's extreme temperatures. A state-funded semiconductor lab in China said it has achieved a "milestone" in the development of silicon photonics, which could help the country overcome current technical barriers in chip design and achieve self-sufficiency amid US sanctions. China will overtake the United States in hi-tech and advanced military manufacturing within a decade, according to a prominent Chinese strategist.
It was a "godsend" to Pishu Shamdasani when he read about the Hong Kong Monetary Authority's (HKMA) plan for the city's banks to share scam-related losses. Shamdasani, an 82-year-old small business owner, lost €56,940 (US$62,499) to a scammer who pretended to be a supplier in the Netherlands. He subsequently lost all his pending orders - worth more than US$1.2 million - as well as his rented home in Hung Hom. Shamdasani and his wife had to move into a friend's place until they could find a safe
Hong Kong's beleaguered residential property market will need more tonic from lower financing costs and greater wealth from stock market gains to overcome the losses in income and confidence, industry experts said. Further policy easing by the Federal Reserve, as priced in by interest-rate traders, "could bring back buyers' confidence," she said. "We could potentially see some improvement of home prices this quarter if the stock market continues to perform well." Do you have questions about the
A cabinet minister has denied top Labour politicians personally intervened to give Taylor Swift a blue-light police escort to Wembley. Home Secretary Yvette Cooper and London Mayor Sadiq Khan allegedly spoke to the Metropolitan Police to encourage them to give the megastar a "VVIP escort" through London in August for her Wembley Stadium concerts.
Hong Kong technology venture-capital (VC) firm MindWorks Capital has finalised a new US dollar fund to invest in start-ups across the Greater Bay Area and Asia, defying an extended slump for China-focused private investments amid geopolitical headwinds. MindWorks closed a US$220 million new fund, with investors including sovereign wealth funds, a university endowment, asset managers, family offices and "many prominent Asia new economy entrepreneurs", the company said on Tuesday. The new fund, th
The global maritime surveillance market has experienced growth due to several factors such as increasing piracy and illegal activities, rise in geopolitical tensions and territorial disputes, technological advancement.Wilmington, Delaware, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Maritime Surveillance Market by Application (Naval, Coast Guard and Others), Component (Radar, Sensors, AIS Receiver/Transponder and Others), and Type (Surveillance & Trackin
Chinese and Russian warships carried out an anti-submarine exercise in the Pacific recently, the two countries said on Tuesday. Russia's Pacific Fleet said the exercise in the northwest of the ocean was part of a joint patrol by the two navies. It did not say exactly when it was held but it is likely to have been carried out in the past few days and follows a major exercise last month. Two Russian anti-submarine destroyers - the Admiral Panteleyev and Admiral Tributs - took part in the operation
China's ubiquitous super-app WeChat, operated by Tencent Holdings, has thrown its support behind Huawei Technologies' highly anticipated home-grown mobile operating system HarmonyOS Next by rolling out beta testing of key functions. WeChat began beta testing on Tuesday by sending invitations to certain users who have already upgraded to the latest iteration of Huawei's mobile operating system, Tencent said in an announcement. WeChat, which has over 1.37 billion monthly active users, is an essent
We recently compiled a list of the 10 Best Indian Stocks for Next 10 Years. In this article, we are going to take a look at where MakeMyTrip Limited (NASDAQ:MMYT) stands against the other Indian stocks. India’s strong growth trajectory remains a compelling narrative on the back of remarkable advancements throughout sectors, placing the nation as a […]
The BBC is to tell the story of The Other Bennet Sister, adapting a novel penned by former BBC Two controller Janice Hadlow and produced by Bad Wolf. The book tells the story of Mary Bennet – the seemingly unremarkable and overlooked middle sister in Jane Austen’s Pride and Prejudice. Unlike her sisters, Mary isn’t …
If you have lots of little ones on your holiday shopping list, then you need to check out these awesome Amazon Prime Day sales.
Human rights activists called on Filipino voters Wednesday to reject former President Rodrigo Duterte and detained televangelist Apollo Quiboloy in next year’s mid-term elections, citing the criminal allegations they’re facing. While in office, he oversaw anti-drugs crackdowns that left thousands of mostly poor suspect dead in killings, which the International Criminal Court has been investigating as a possible crime against humanity. Quiboloy, the former president’s spiritual adviser and close political ally, has been detained on allegations of sexual abuse and human trafficking in the Philippines, and is on the FBI’s most-wanted list for similar charges in the United States.
Hurricane curtains were installed at Daytona Beach International Airport in Florida on Tuesday, October 8, ahead of Hurricane Milton’s expected landfall late on Wednesday.Footage released by the airport shows the installation of thick, resin-coated fabric to protect glass fronts at the airport.The airport said on Facebook that it would be closed from 10 am on Wednesday ahead of Hurricane Milton.Other airports due to cease operations included those in Tampa, Orlando, Lakeland, Sarasota, and St Pete-Clearwater. Credit: Daytona Beach International Airport via Storyful
Jane Austen fans rejoice: the BBC are returning to the “Pride and Prejudice” universe with a new spin-off drama about Lizzy Bennet’s sister. Titled “The Other Bennet Sister” and based on Janice Hadlow’s novel of the same name, the series will focus on Mary Bennet, Lizzy’s unassuming and oft-overlooked middle sibling. “Doctor Who” producer Bad …
Her daughter tells the BBC about finishing the book after her mother's sudden death last year.
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