World
Eurozone Inflation Surges to 5.3%, Impacts Interest Rate Talks
Eurozone core inflation defied earlier forecasts by posting a modestly higher-than-expected rate of 5.3% on core prices year-on-year for August, intensifying discussions about potential interest...
UBS Merger with Credit Suisse Drives $29B Q2 Net Profit
UBS Group has unveiled plans to fully integrate the domestic bank of Credit Suisse, elevating its cost-saving endeavors to surpass $10 billion across the group....
Debt Threatens Country Garden After $7B Loss, Default Warning
Country Garden Holdings Co., one of China’s leading property developers, is grappling with an alarming financial crisis, sparking concerns of a potential debt default and...
BOE Economist Favors Sustained Rates to Tackle Inflation
Huw Pill, the chief economist of the Bank of England (BOE), recently addressed an audience in Cape Town, South Africa, shedding light on the potential...
US Market Venture of VinFast: Valuation Spikes and Dips
VinFast (VFS), an electric vehicle (EV) manufacturer, is likely unfamiliar to most Americans. Nonetheless, Vinfast has garnered considerable attention due to its surging valuation and...
Nio Dives into Smartphone Market to Enhance Driver Experience
In a strategic move aimed at enhancing the driver experience, prominent Chinese electric-vehicle manufacturer Nio has unveiled plans to introduce its inaugural self-developed mobile phone...
Chinese Tech Titans Xpeng and Didi Ink $744M EV Collaboration
Chinese electric vehicle (EV) manufacturer Xpeng (XPEV) has joined forces with mobility and ride-sharing behemoth Didi in a momentous development pact worth a staggering $744...
Reliance Industries Appoints Ambani Heirs to Board of Directors
Reliance Industries Ltd, under the stewardship of Chairman Mukesh Ambani, announced a significant leadership transition on Monday as the conglomerate appointed the three scions of...
Chinese Restrictions Cast Doubt on Nvidia Growth
Nvidia, renowned for its robust graphics processing units (GPUs), has celebrated a five-quarter spree of surpassing earnings projections. Boasting a lofty forward price-to-earnings ratio of...
BYD Defies Odds, Tops China’s Automotive Market
BYD Co Ltd, a prominent player in the new energy vehicle sector, has demonstrated its resilience by retaining its position as China’s top-selling automotive brand...
