BEIJING (Reuters) – China’s rapid solar expansion is expected to slow this year for the first time since 2019, as the industry’s growth moderates, according to an industry association forecast on Thursday. New solar capacity added in 2025 is expected to range from 215 gigawatts (GW) in a conservative scenario to 255 GW in a …
China’s solar expansion to slow for first time in six years, industry body says Read More »
TOKYO (Reuters) -The founding Ito family of Japan’s Seven & i Holdings failed to secure financing for a $58 billion management buyout, sending its shares plunging and offering fresh impetus to a rival bid from Canada’s Alimentation Couche-Tard. “There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this …
Family behind Japan’s Seven & i pulls $58 billion buyout bid, shares dive Read More »
BEIJING (Reuters) -China’s Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world’s largest auto market. The Chinese electronics manufacturer turned automaker started taking pre-orders for the car …
China’s Xiaomi prices luxury electric sedan 35% lower than initially promoted Read More »
By Duncan Miriri CAPE TOWN (Reuters) – Growing external debt burdens are crippling the world’s poorest countries, a group of former African leaders warned on Thursday as they pushed for a new programme of collective relief from private, bilateral and multilateral creditors. South African President Cyril Ramaphosa is hoping to use his country’s current presidency …
Poor, indebted countries need collective relief, African leaders say Read More »
By Yuka Obayashi and Kaori Kaneko ANEGASAKI, Japan (Reuters) – Japan’s No.2 oil refiner, Idemitsu Kosan <5019.T> plans to build a large-scale plant for lithium sulphide, a key material for all-solid-state batteries, at its Chiba refinery, near Tokyo, the company said on Thursday. Automakers and battery suppliers worldwide are racing to develop solid-state batteries, touted …
Japan’s Idemitsu to build lithium sulphide plant to help support Toyota’s EV plans Read More »
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba’s party and a coalition partner are considering cutting the draft budget for the fiscal year from April by some 340 billion yen ($2.27 billion) to just under 115.2 trillion yen, Kyodo news agency said on Thursday. The coalition on Tuesday agreed with the opposition Japan Innovation Party …
Japan PM’s coalition mulls cutting FY2025/26 budget plan by $2.3 billion, Kyodo says Read More »
By Bhanvi Satija, Kashish Tandon and Rishika Sadam HYDERABAD (Reuters) – India should take a page from the playbook of countries such as China and Australia if it wants a larger share of the global clinical trials market, healthcare experts said at an industry conference. As of 2022, India held an 8% share in global …
BEIJING (Reuters) -Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek’s R1, in the latest sign the startup’s domestic and overseas success is putting pressure on its larger competitors in China. The Hunyuan Turbo S is able to reply to queries within …
Tencent releases new AI model, says replies faster than DeepSeek-R1 Read More »
BEIJING (Reuters) – Nomura has upgraded its forecast for China’s 2025 GDP growth to 4.5% from 4.0%, according to a note from the investment bank on Thursday. It cited China’s higher-than-expected Q4 2024 growth and more investments due to the popularity of AI startup DeepSeek as reasons for the upgrade. (Reporting by Xiuhao Chen and …
Nomura upgrades China’s 2025 GDP growth forecast to 4.5% from 4.0% Read More »
By Chayut Setboonsarng and Thanadech Staporncharnchai BANGKOK (Reuters) – Thailand is in early discussions with carmakers to introduce a car trade-in and scrapping scheme in a bid to revive an industry hit by its biggest crisis in decades, three industry officials and two sources said. Output in the Southeast Asian automobile hub, besieged by a …
Thailand weighs car trade-in scheme to revive sector, officials say Read More »
