Chinese carmakers shift to ‘asset-light’ models in overseas expansion

Chinese carmakers shift to ‘asset-light’ models in overseas expansion

[ad_1] CHINESE carmaker Geely is betting that an “asset-light” investment model will accelerate its overseas expansion, as competition among China’s automakers to win foreign drivers intensifies amid the global shift towards electric vehicles (EVs). Earlier this month, Hong Kong-listed Geely Automobile and its parent, Zhejiang Geely Holding Group, signed an agreement to acquire a combined…

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Air travel faces disruptions over A320 software switch

Air travel faces disruptions over A320 software switch

[ad_1] Airbus has sold 12,257 of the aircraft by the end of September, compared with the sale of 12,254 Boeing 737s [PARIS] Several airlines announced delayed or cancelled flights on Friday (Nov 28) following an Airbus alert that up to 6,000 operational A320 aircraft may require upgrades. Air France cancelled 35 flights on Friday, while…

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Exclusive | Former top Zelensky aide sends The Post ominous message hours after resignation: ‘I’m going to the front’

Exclusive | Former top Zelensky aide sends The Post ominous message hours after resignation: ‘I’m going to the front’

[ad_1] WASHINGTON — Former top advisor to Ukrainian President Volodymyr Zelensky on Friday told The Post he is headed to the frontlines — hours after he submitted his resignation from the position in the wake of a raid on his home by Kyiv’s national anti-corruption bureau. “I’m going to the front and am prepared for…

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Airbus issues major A320 recall after flight-control incident

Airbus issues major A320 recall after flight-control incident

[ad_1] [PARIS] Europe’s Airbus said on Friday (Nov 28) that it was ordering immediate repairs to 6,000 of its widely used A320 family of jets in a sweeping recall affecting more than half the global fleet, threatening upheaval during the busiest travel weekend of the year in the United States and disruption worldwide. The setback…

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India’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom

India’s Adani seeks up to US billion investment in Google data centre to join AI boom

[ad_1] Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity [BENGALURU] India’s Adani Group plans to invest up to US$5 billion in Alphabet-owned Google’s India artificial intelligence (AI) data centre project, an executive said on Friday (Nov 28), as it seeks to cash in on booming demand for…

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ECB’s Lagarde says interest rates are at correct level

ECB’s Lagarde says interest rates are at correct level

[ad_1] Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December [FRANKFURT] The European Central Bank (ECB) is well positioned with borrowing costs currently at the right level, according to President Christine Lagarde. “The interest rates we settled on at the last meetings are, in my…

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S&P 500 extends rally after CME glitch, reversing monthly slide

S&P 500 extends rally after CME glitch, reversing monthly slide

[ad_1] Markets are continuing to bet that the central bank will cut its benchmark next month [NEW YORK] US stocks notched a fifth-straight day of gains, as the Chicago Mercantile Exchange restarted operations following an earlier outage and expectations for a US Federal Reserve interest-rate cut next month remained intact. The S&P 500 Index ended…

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Giant ‘volnado’ spins up as Kilauea erupts in Hawaii

Giant ‘volnado’ spins up as Kilauea erupts in Hawaii

[ad_1] During the 37th eruption of Kilauea in Hawaii, video captured a massive ‘volnado’ next to the lava fountain. A volnado is a column of ash, dust and smoke that picks up during a volcanic eruption and swirls around. In circumstances not involving volcanoes, spin-ups like this one would be called a dust devil. ‘Volnado’…

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