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31 Dec Opinion | Climate action: how China is accelerating the drive towards a net zero world

Posted at 11:30h in Asia

Besides ecological concerns, it is in China’s national security interests to minimise its dependence on fossil fuel imports, and therefore be less vulnerable to choke points such as the Persian Gulf (vulnerable to Middle Eastern conflicts) and the Malacca Strait (controlled by the US...

31 Dec Tesla aims to broaden appeal in wary mass market after probable record EV sales in 2023

Posted at 11:08h in Asia

“When you look at car buying in general, we’re trying to get to the next set of EV adopters,” chief financial officer Vaibhav Taneja said during an investor call in October.The Musk-led company faces a number of hurdles to reach that crowd: Inflation and high...

31 Dec Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

Posted at 10:33h in Asia

China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial public offering back on track.The billionaire’s share of the voting rights are now divided...

31 Dec Gold heads for first annual gain since 2020 as traders bet US Fed will dial back interest rates in 2024

Posted at 09:52h in Asia

Concerns around recession risks also boost the case to own debt, with traders betting global central bankers may have to aggressively cut rates to bolster growth. Such views have seen bullion gain nearly 13 per cent since October 6 amid declines in Treasury yields and...

31 Dec What could happen in the Russia-Ukraine war in 2024?

Posted at 08:53h in Europe

A Ukrainian soldier is seen inside an artillery vehicle in his fighting position as Russia-Ukraine war continues in the direction of Kharkiv, Ukraine on November 20, 2023.Diego Herrera Carcedo | Anadolu | Getty ImagesAt the start of 2023, hopes were high that a much-vaunted Ukrainian...

31 Dec EV makers swarm to Hong Kong, lured by strong government support, rapid adoption rate

Posted at 06:00h in Asia

Hong Kong’s EV population stood at 70,701 units at the end of October, representing about 7.7 per cent of the total number of vehicles, according to the Environmental Protection Department (EPD).Hysan Dev partners with Tesla to transform Lee Gardens into the Largest EV Charging Hub...

31 Dec Singapore hedge fund says Hong Kong stocks are ‘once-in-a-lifetime’ chance for big upside after wildest two years since 2008

Posted at 04:30h in Asia

Hong Kong’s stock market ended the year on a miserable note, with some US$520 billion of value obliterated. To Singapore-based hedge fund manager Chua Soon Hock, this provides a “once-in-a-lifetime” opportunity to pick up the pieces.The market kicked off the year with a...

31 Dec Hong Kong’s luxury retail sector likely to regain ground lost to protests, pandemic in 2024 as high-end brands make a return

Posted at 03:30h in Asia

“Our Central retail portfolio is a global, brand-defining destination and we are seeing several of our tenants eyeing expansion and innovation. We will be announcing exciting plans to innovate and optimise retail space in the Central portfolio in the first quarter of 2024.”The developer has...

31 Dec China property: ordinary buyers eye foreclosed homes at heavy discounts as investors retreat from market

Posted at 02:00h in Asia

Huang is one of a growing number of ordinary homebuyers – individuals or families looking to occupy their house rather than own it as an investor – in mainland China taking an interest in properties that have been repossessed by banks.Regular Chinese home seekers, attracted...

30 Dec Russia pummels Ukraine with ‘massive’ wave of airstrikes; 31 killed

Posted at 14:26h in Europe

An aerial view of a destroyed building after Russian strikes hit the city center in Dnipro, Ukraine on December 29, 2023. A mall, maternity hospital and many other buildings were damaged in the attack.Anadolu | Anadolu | Getty ImagesRussia on Friday launched one of its...

Author: admin