By Philip Blenkinsop and Kate Abnett BRUSSELS (Reuters) -The European Union has slashed its planned extra tariff on Tesla electric vehicles imported from China by more than half, the bloc’s executive said on Tuesday, following further investigations requested by the company. The European Commission also revised its proposed punitive duties on imports of Chinese-made EVs …
Tesla to get lower EU tariff on its Chinese-made EVs Read More »
(Reuters) – Malaysian state energy firm Petroliam Nasional (Petronas) will collaborate with Abu Dhabi National Oil Company (ADNOC) and U.K.-based Storegga to evaluate carbon dioxide emissions storage in Malaysia, the companies said on Tuesday. The three companies have signed an agreement for assessing CO2 storage capabilities of saline aquifers and the construction of carbon capture …
Petronas taps ADNOC, Storegga to evaluate carbon capture, storage in Malaysia Read More »
By John Kemp LONDON (Reuters) – China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration. Unprecedented load was met by record output from hydro and solar, ensuring coal-fired generation fell slightly compared with …
Column-China’s record hydro and solar cut coal power during heatwave: Kemp Read More »
BENGALURU (Reuters) -Alibaba Group’s Antfin Singapore sold shares worth 47.72 billion rupees ($570 million) in India’s Zomato on Tuesday, cutting its stake by nearly half in the food and grocery delivery platform to 2.2%, exchange data showed. Antfin, which had a 4.3% stake in Zomato as of June 30, sold the shares in two separate …
China’s Antfin nearly halves stake in India’s Zomato Read More »
By Ananya Mariam Rajesh and Juveria Tabassum TOKYO (Reuters) -Shares in Japan’s Seven & i, the owner of 7-Eleven, closed nearly 11% lower on Tuesday as investors weighed up regulatory hurdles to a takeover bid from Canada’s Alimentation Couche-Tard to create a convenience store giant with almost a fifth of the U.S. market. While the …
Seven & i shares end lower on regulatory concerns over Couche-Tard bid Read More »
BRUSSELS (Reuters) – The European Commission will on Tuesday propose final tariffs of up to 36.3% which it intends to impose on electric vehicles built in China – a slightly lower level in comparison with initial rates set in July – although Tesla cars was given a hefty reduction of its rate, at 9%, an …
EU to propose new duty of 9%, instead of 20.8%, on Tesla cars made in China -Mlex Read More »
By Faith Hung and Jeanny Kao TAIPEI (Reuters) – Taiwan’s export orders rose more than expected in July as demand for chips used in artificial intelligence applications continued to soar and the government said it expects the momentum to extend into August. Export orders last month jumped 4.8% to $50.03 billion from a year earlier, …
Taiwan July export orders beat forecasts on AI chip demand; orders from China flat Read More »
BEIJING (Reuters) – A new video game title launched on Tuesday by a Tencent-backed startup has quickly become the most-played game on a major online platform, highlighting growing interest in Chinese-developed titles. “Black Myth: Wukong,” based on the Chinese mythological figure and classic novel “Journey to the West,” topped Steam’s most-played games chart with 1.4 …
Tencent-backed video game ‘Black Myth: Wukong’ hits record player numbers on debut Read More »
By Shivangi Lahiri and Lewis Jackson SYDNEY (Reuters) – Australia property giant Dexus said its annual net loss more than doubled and flagged lower-than expected figures for a key earnings metric next year, sending its shares tumbling. The results underline how Australia’s commercial property market has struggled to regain momentum after the pandemic emptied offices …
(Reuters) – China is planning a new policy allowing local governments to buy unsold homes after a series of rescue packages failed to prop up the real estate market, Bloomberg News reported on Tuesday, citing people familiar with the matter. (Reporting by Pretish M J; Editing by Andrew Heavens)
