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02 Mar China urged by foreign chambers of commerce to take firmer hand with private sector support

Posted at 00:00h in Asia

Foreign chambers of commerce in China have repeated their now-familiar call for action from Beijing to back its pro-business rhetoric – part of a larger effort to rekindle investment – even after the August unveiling of a 24-point plan to support overseas firms.Chambers that took...

02 Mar Apple dealers in China sell iPhone 15 Pro Max at US$160 discount, as rivals like Huawei lure away high-end consumers

Posted at 00:00h in Asia

Apple-authorised retailers are offering steep discounts on the latest iPhone series in China, in a fresh round of promotions aimed at reviving sales there, as the Californian tech giant faces stiff competition from domestic brands, such as Huawei Technologies.The top-of-the-line iPhone 15 Pro Max, launched...

01 Mar US Chamber of Commerce cites concerns about ‘Made in China 2025’ after trip to Beijing

Posted at 21:42h in Asia

The United States Chamber of Commerce has voiced apprehensions about potential overcapacity in a variety of Chinese industries linked to the nation’s ambitious “Made in China 2025” plan after a delegation visited Beijing this week.The chamber is the largest American business lobbying group and the...

01 Mar 7 affordable places to retire abroad

Posted at 17:51h in Europe

The cost of retirement in the U.S. varies from state to state, but can cost as much as $73,140 a year in a place like New York. It's one of the reasons many Americans consider retiring abroad where they can live on a lower income...

01 Mar The Body Shop Canada to close 33 stores, end online sales

Posted at 17:36h in Canada

Business·NewThe Body Shop will close 33 of its Canadian stores and end online sales, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced.Company previously said Canadian stores would not be impacted by U.K. branch's woesCBC News · Posted: Mar 01, 2024 12:36 PM...

01 Mar First-time homebuyer incentive is discontinued, says federal housing agency

Posted at 17:17h in Canada

The first-time homebuyer incentive has been discontinued by the Canadian Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday.The deadline for new or resubmitted applications to the program is midnight ET on March 21, 2024, according to the CMHC's website.Launched in 2019, the...

01 Mar Elon Musk sues OpenAI and Sam Altman, saying startup abandoned its mission to serve humanity

Posted at 15:00h in Canada

Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup's original mission to develop artificial intelligence for the benefit of humanity and not for profit.The lawsuit filed late on Thursday in San Francisco puts the billionaire at loggerheads with...

Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

01 Mar Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

Posted at 14:30h in Asia

The smart mobility segment of Hong Kong’s Smart City initiative includes the development of an intelligent transport system. Illustration: Dennis WongLam indicated that the city is currently looking at the feasibility of deploying autonomous vehicles, each with space for more than 10 people, to serve...

01 Mar Chinese EV makers Li Auto, Xpeng and Nio post sales declines for second straight month, fuelling price-war worries

Posted at 13:00h in Asia

Deliveries by major Chinese electric vehicle (EV) makers dropped for the second consecutive month in February, raising worries that a bruising price war may be imminent even though the month included an eight-day break in sales over the Lunar New Year holiday.Beijing-based Li Auto, mainland...

01 Mar Elon Musk sues OpenAI and CEO Sam Altman over contract breach

Posted at 12:51h in Europe

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersElon Musk is suing Microsoft-backed OpenAI and its CEO, Sam Altman, among others, alleging they abandoned the company's founding mission to...

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