HANOI (Reuters) – Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition commitments. The subsidy scheme is due to be submitted to the central government by mid-September for approval, the government said in a statement …
Vietnam plans electricity subsidies for EV charging stations Read More »
SEOUL (Reuters) – The Bank of Korea and the Central Bank of the Republic of Turkey have agreed to renew a currency swap agreement for up to 2.3 trillion won ($1.68 billion), South Korea’s finance ministry said in a statement on Monday. The agreement will be effective for three years. (Reporting by Cynthia Kim; Editing …
South Korea, Turkey renew currency swap agreement for three years Read More »
JAKARTA (Reuters) -Indonesia said on Monday it has cut the minimum local content requirement for solar power plants to 20% from around 40% previously, as it looks to unlock investment in projects that get at least half of their funding from foreign multilateral or bilateral lenders. “We evaluated the rules, so that the renewable energy …
Indonesia eases local content requirement for solar power plants to 20%, official says Read More »
By Divya Rajagopal TORONTO (Reuters) – Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, has sought a judicial review against Canada’s decision regarding a Canadian company’s sale of a gold mine in Peru, the Canadian Press reported on Sunday. Jinteng bought Pan American Silver Corp’s gold asset in Peru in …
Chinese mining firm files judicial review against Ottawa Read More »
BEIJING (Reuters) – China’s central bank will extend a programme providing financial institutions with low-cost loans intended to help companies to cut carbon emissions, the government said on Sunday. The People’s Bank of China (PBOC) will extend the policy to support carbon-reduction projects by companies to the end of 2027, China’s state council said. The …
China’s central bank to extend low-carbon lending tool to end of 2027 Read More »
By Dawn Chmielewski ANAHEIM, California (Reuters) -Walt Disney Experiences Chairman Josh D’Amaro laid out an ambitious growth plan for the company’s theme parks on Saturday at the D23 fan convention, announcing plans for four new cruise ships and details about six new themed lands. Forthcoming plans include a new Disney villains land at Walt Disney …
Disney unveils ‘Avatar’ ‘Indiana Jones,’ ‘Encanto’ and ‘Monsters, Inc’ attractions Read More »
By Abhirup Roy and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has stopped taking orders for the least expensive version of its Cybertruck, which is priced at $61,000, while making the $100,000 version available for immediate order and delivery as soon as this month, its website showed. Demand and supply for the Cybertruck are closely …
Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now Read More »
(Reuters) -China-based autonomous driving startup WeRide said on Friday it was seeking a valuation of as much as $5.02 billion in its initial public offering in the United States. The IPO announcement comes at a time when the Biden administration is expected to propose barring Chinese software in autonomous vehicles in the United States in …
Chinese robotaxi firm WeRide eyes up to $5 billion valuation in US IPO Read More »
By Carolina Mandl NEW YORK (Reuters) – Hedge funds added bearish bets in Japanese stocks at the fastest pace in over five years for a week between Aug. 2 and Aug. 8, as the Nikkei on Aug. 5 faced the worst day for the index since Black Monday in 1987, Goldman Sachs said in a …
Hedge funds pile into bearish Japanese stock bets, bank says Read More »
By Jack Queen (Reuters) -Three executives of voting technology company Smartmatic have been charged with funneling $1 million in bribes to a former Philippine election official to secure the country’s business, according to U.S. federal prosecutors in Florida. Smartmatic’s president and co-founder, Roger Alejandro Pinate Martinez, 49, and two co-defendants were charged with foreign bribery …
Smartmatic executives charged with bribing Philippine official for voting tech contracts Read More »
