Reliance halts cell-making plans after failed bid for China tech

Reliance halts cell-making plans after failed bid for China tech

[ad_1] Its struggles show that companies asked to make India carbon-zero by 2070 cannot progress without better bilateral ties with Beijing [DELHI] Reliance Industries has paused plans to make lithium-ion battery cells in India after failing to secure Chinese technology, said people familiar with the matter. This reflects how even the country’s most powerful businesses…

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Beijing looms large over Singapore-based Manus’ deal with Meta

Beijing looms large over Singapore-based Manus’ deal with Meta

[ad_1] The swift scrutiny shows fears Manus’ sale could spur more tech stars to follow the same path [SHENZHEN] It took just 10 days for Meta’s acquisition of Manus to run into Beijing’s cross hairs, months after the Chinese-founded artificial intelligence (AI) start-up moved to Singapore without apparent incident. China is reviewing whether the reported…

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UBS rejects proposed Swiss bank rules, moots less costly alternatives

UBS rejects proposed Swiss bank rules, moots less costly alternatives

[ad_1] The lender warns the proposal would add huge costs and threaten the continuation of its successful business model [ZURICH] UBS on Monday (Jan 12) rejected government proposals to strengthen regulations for the bank in the wake of the collapse of Credit Suisse, saying they would make Switzerland uncompetitive and arguing instead for less costly…

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Iran’s ‘distinctive’ drone deployment sees death toll soar amid violent protests

Iran’s ‘distinctive’ drone deployment sees death toll soar amid violent protests

[ad_1] Iran’s crackdown on nationwide protests continued Sunday, with reports of mass killings as demonstrations spread across the country amid warnings of drone surveillance. The Center for Human Rights in Iran claimed a “massacre was unfolding,” while the Human Rights Activists News Agency (HRANA) reported “surveillance drones flying overhead and movements by security forces around protest…

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China battery shares drop on plan to cut export tax rebates

China battery shares drop on plan to cut export tax rebates

[ad_1] From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027  [HONG KONG/SINGAPORE] Chinese battery shares fell after Beijing unveiled a plan to reduce some export tax rebates, while South Korean materials companies advanced. Contemporary Amperex Technology Limited (CATL) led the drop with a…

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Xpeng hires banks for flying car unit IPO in Hong Kong: sources

Xpeng hires banks for flying car unit IPO in Hong Kong: sources

[ad_1] Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026 [HONG KONG] Xpeng has hired banks to work on an initial public offering of its flying car unit in Hong Kong, according to people familiar with the matter. The Chinese electric-vehicle maker picked JPMorgan Chase and Morgan Stanley to prepare…

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Europe and China’s feud over chips is reaching a breaking point

Europe and China’s feud over chips is reaching a breaking point

[ad_1] Since a Dutch court intervened in Nijmegen-based Nexperia’s ownership in October, the stand-off has threatened to disrupt car production in Europe and around the world [BEIJING] An effort by Europe to stand up to China and retain local technology is approaching a breaking point. In a fight over a critical link in the global…

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Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow

Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow

[ad_1] He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the assets under its management [SINGAPORE] The returns generated by Singapore’s sovereign wealth fund GIC and state-owned investment company Temasek are “reasonable and within expectations” given their respective mandates and risk profiles, said Senior…

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