Author: admin

19 Feb Exclusive | Hong Kong picked by Chinese AI logistics firm Westwell to host international headquarters, research centre

Posted at 23:30h in Asia

Chinese artificial intelligence (AI)-based logistics company Westwell inaugurates on Tuesday an international headquarters in Hong Kong as a springboard to global expansion.The Shanghai-based company, which designs and develops AI chips and autopilot control systems for AI-powered autonomous vehicles for the logistics industry, will also set...

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19 Feb CRA pausing new ‘bare trust’ reporting requirement just days before filing deadline

Posted at 21:10h in Canada

The Canada Revenue Agency (CRA) is hitting pause on a new "bare trust" reporting requirement with just a few days remaining before the deadline.New reporting requirements for such trust arrangements were introduced for the 2024 tax season. Anyone with a bare trust was required to...

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19 Feb The 2024 tax season kicks off Monday. Here’s what you need to know

Posted at 21:10h in Canada

Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season.Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA).Most...

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19 Feb Railway workers warn ‘work stoppage looms’ after CN, CPKC seek conciliation

Posted at 18:33h in Canada

The union representing more than 9,000 workers at Canada's two biggest railways says public safety is at stake as contract negotiations ground to a halt this month, with a potential strike on the horizon.On Friday, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd....

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19 Feb Energy giant Aramco to issue longer term bonds this year, CFO tells Saudi Capital Market Forum in Riyadh

Posted at 14:07h in Asia

Energy giant Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s chief financial officer (CFO), said at the Saudi Capital Market Forum in Riyadh on Monday.“We...

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19 Feb China’s BYD launches cheaper plug-in hybrid EV to lure customers away from petrol-powered rivals by Volkswagen, Toyota

Posted at 13:30h in Asia

BYD, the world’s largest electric-vehicle (EV) maker, has launched a new version of its plug-in hybrid model the Qin Plus DM-i, pricing it lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.The company, backed by Warren Buffett’s Berkshire Hathaway, said on Monday that...

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19 Feb Chinese EV maker Human Horizons suspends manufacture of luxury HiPhi brand for 6 months as market competition intensifies

Posted at 12:38h in Asia

The Shanghai-based company told its employees on Sunday that it was implementing a six-month suspension of its luxury HiPhi brand, effective immediately, according to local financial media outlet Jiemian.Human Horizons declined to comment when contacted by the Post on Monday.Two sources with knowledge of the...

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19 Feb JD.com considers takeover bid for UK electronics retailer Currys as China’s e-commerce giants look overseas

Posted at 12:30h in Asia

JD.com, founded by Chinese billionaire Richard Liu Qiangdong in 1998, is considering a bid for UK electronics retailer Currys as China’s e-commerce giants continue to look for overseas growth amid stagnant demand and rising competition at home.JD said on Monday it is “in the very...

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19 Feb U.S. considering sanctioning Chinese firms aiding Russia’s war

Posted at 12:09h in Europe

Russia's President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023.Sergei Guneyev | Afp | Getty ImagesMunich, GERMANY — The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war...

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19 Feb Russia says an investigation is underway into Navalny’s death

Posted at 12:09h in Europe

Russian opposition leader Alexei Navalny attends a rally in support of political prisoners in Prospekt Sakharova Street in Moscow, Russia on September 29, 2019. Sefa Karacan | Anadolu | Getty ImagesThe Kremlin on Monday confirmed an investigation into the death of imprisoned Russian opposition leader Alexei...

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