By Rishav Chatterjee (Reuters) -Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on Friday, valuing the business at 7.40 billion euros ($7.93 billion). Geely and Renault will own around 45% each of the powertrain venture, called Horse …
Aramco to buy 10% stake in Renault-Geely thermal engines venture Read More »
(Reuters) -The U.S. auto safety regulator said on Friday it has opened a recall query into over 120,000 Honda Ridgeline U.S. vehicles over rear-view camera (RVC) failures. The U.S National Highway Traffic Safety Administration (NHTSA) said the query concerned the model year 2017-2019 of Honda Ridgeline vehicles. The RVC wire harness was manufactured with a …
US NHTSA opens recall query into more than 120,000 Honda US vehicles Read More »
BEIJING (Reuters) – Chinese search engine giant Baidu on Friday unveiled an upgraded version of its artificial intelligence (AI) model, Ernie 4.0 Turbo, as it seeks to maintain its position in China’s competitive AI market. The launch follows the October 2023 release of Ernie 4, which Baidu claimed rivaled OpenAI’s GPT-4 in capabilities. The new …
Baidu launches upgraded AI model, says Ernie Bot hits 300 million users Read More »
(Reuters) – U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions. Dechert has more than 20 employees in its Hong Kong office, 14 of whom are …
(Reuters) – Eisai and Biogen have launched their Alzheimer’s treatment Leqembi in China, the third country after the United States and Japan, the companies said on Friday. Leqembi, which works by removing a toxic protein called beta amyloid from the brain, is the first Alzheimer’s treatment proven to alter the course of the fatal, brain-wasting …
Eisai and Biogen launch Alzheimer’s drug Leqembi in China Read More »
LONDON (Reuters) – Customers of HSBC, Nationwide and Virgin Money suffered outages to their online banking services on Friday, in the latest such disruption to plague an industry which increasingly relies on such digital access as it closes physical branches. Thousands of HSBC customers in Britain were unable to access online banking services on Friday, …
HSBC, Virgin Money and Nationwide customers suffer online banking outage Read More »
BEIJING (Reuters) – Apple’s smartphone shipments in China rose 39.6% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed on Friday. Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a …
Apple’s May smartphone shipments in China up 39.6% y/y, data shows Read More »
BEIJING (Reuters) -Premium EV maker BeyonCa, backed by Renault and Dongfeng Motor, said on Friday it plans to set up a final assembly plant and its international headquarters in Hong Kong, developing the territory’s first car brand. Following the one-two punch that the 2019 protests and pandemic delivered to Hong Kong’s economy, the city has …
Renault-backed BeyonCa plans to build Hong Kong’s first EVs Read More »
ROME (Reuters) – Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi billion-euro chip factory in Italy, the industry ministry said on Friday. The three-year-old startup, created by the founders of U.S chipmaker Marvell, will invest 3.2 billion euros ($3.42 billion) to …
Silicon Box picks Piedmont region for its Italian $3.4 billion chip plant Read More »
By Rocky Swift TOKYO (Reuters) – For years, Japan’s Fujifilm pivoted away from its legacy camera business to focus on healthcare. But thanks in large part to the TikTok crowd, its retro-themed X100 digital cameras are now a roaring success, boosting its bottom line. Fujifilm is struggling to meet demand for the $1,599 camera, prized …
Fujifilm once struggled to sell cameras. Now, it can’t keep up with demand Read More »
