China’s BYD with a $490m factory acquires a 20% stake in Thai dealer Rever Automotive.
China’s BYD announced on Saturday that it will buy out 20% of its local distributor, Rever Automotive, in Thailand, its largest market outside of China,
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Apple impeding the setting up of Epic Games store on iPhones and iPads in Europe.
As part of a fierce spat over Apple’s dominance over the iOS app ecosystem, “Fortnite” producer Epic Games said on Friday that the tech giant
Nigeria’s gasoline debt reaches $6 billion, subsidy to gulp $3.7b in 2024.
As the state oil company NNPC tries to bridge the difference between set pump prices and foreign fuel costs, Nigeria’s debt to gasoline suppliers has
UN says China is far ahead in generative AI patent applications, with the US a distant second.
In terms of generative AI, China has applied for considerably more patents than any other nation, according to a U.N. intellectual property office report released
Global data center and AI electricity demand to double by 2026 mitigating climate change – IEA
Google announced an ambitious aim three years ago to combat climate change by becoming “net zero,” or eliminating all greenhouse gas emissions from the atmosphere
World Bank launches a credit and guarantee platform of $20b for developing economies.
The World Bank Group announced on Monday that it had launched a new one-stop shop for loan and investment guarantees. With this platform, the organization
EU slams Meta platforms for violating digital regulations with ‘pay or consent’ ad model.
Regulators in the European Union charged on Monday that Meta Platforms, a social media firm, had violated the new digital competition guidelines of the bloc
Global government debt at record levels could upset financial markets with major elections this year. – BIS
The Bank for International Settlements issued a warning on Sunday, citing the possibility of turmoil in the world financial markets due to high levels of
Treasury secretary’s warning that AI in finance could lower transaction costs with significant risks rattles executives.
Executives claim that the emergence of AI-based systems presents significant prospects for financial services companies. However, because asset managers handle sensitive data, they are subject
Massachusetts deal: Uber and Lyft agree to pay drivers $32.50 per hour with massive benefits.
In a settlement that includes several benefits and protections, Massachusetts Attorney General Andrea Campbell said on Thursday that will set a minimum pay threshold of
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