Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows

President Joe Biden speaks during a visit to the General Motors Factory Zero electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit. Evan Fauci | AP Auto executives believe more than half of their sales will be electric cars by 2030, in line with President Joe Biden’s electric vehicle sales goal, according to a … Read more

China’s Didi asked to delist from U.S., SoftBank shares fall: Report

A navigation map on Chinese mobile transportation giant Didi’s app appears in front of the app’s logo displayed in this illustration taken on July 1, 2021. Florence Low | Reuters GUANGZHOU, China – SoftBank shares extended losses Friday after Bloomberg reported that Chinese regulators had asked Didi executives to formulate a plan to delist from … Read more

IEA chief criticizes artificial tightness in energy markets

Oil pumping cranes are photographed at the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority said some countries had failed to take a beneficial stance to calm high oil and gas prices, criticizing the “artificial tightening” of energy markets. “[A] The factor that I … Read more

Tencent must get approval from regulators before publishing new apps

People walk in front of a Tencent banner at the company’s headquarters in Shenzhen, Guangdong Province, China, August 7, 2020. David Kirton | Reuters State broadcaster CCTV said on Wednesday that Tencent must get approval from Chinese regulators to send updates to its apps. The move comes after regulators found that several apps made by … Read more

5 big issues from regulation and EVs to semiconductors

A technician inspects a computer chip. Safa Ozil | E + | Getty Images GUANGZHOU, China – China’s tech sector has embarked on a wild ride over the past year, with tightening regulations, wiping billions of dollars from companies’ market value and a steady push from Beijing to achieve tech self-sufficiency. These are among the … Read more

U.S., other nations to release oil from reserves to lower gas prices

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort by energy-consuming nations to cool rapidly rising fuel prices in 2021. The coordinated release between the United States, India, China, Japan, the Republic of Korea, and the United Kingdom is the first of its kind. … Read more

Morgan Stanley picks ‘cheap’ stocks versus the US

A view of Morgan Stanley’s offices in Canary Wharf, London, UK iStock Editorial | Getty Images European stocks are trading at record lows compared to the United States, said Morgan Stanley equity strategists, and mentioned a group of stocks set to outperform next year. .

NetEase’s launches $500 million Hong Kong IPO for its music business

Cloud Village, NetEase’s music streaming arm, is running the NetEase Cloud Music app viewed on a smartphone in this image. Fan Jianli | China Optical Group | Getty Images Guangzhou, China – NetEase has launched a Hong Kong initial public offering (IPO) for its Cloud Village music business that could raise nearly $500 million. Cloud … Read more

Elon Musk says Tesla Model S Plaid may launch in China in March

Tesla Motors CEO Elon Musk speaks to the media alongside its Model S. Nora Tam | Southern China Morning Post | Getty Images Tesla CEO Elon Musk has said the company’s Model S Plaid may be launched in China early next spring. Asked on Twitter late Sunday night about when the electric car would arrive … Read more

China won’t ‘bully’ smaller countries

File photo of Chinese President Xi Jinping giving a video speech at the opening ceremony of the 17th China-ASEAN Expo in Nanning, south China’s Guangxi Province on November 27, 2020. STR | AFP | Getty Images Chinese President Xi Jinping told leaders of the 10-nation Association of Southeast Asian Nations (ASEAN) at a summit on … Read more