Robin Zeng, the billionaire founder of CATL , aims to reinvent the world’s largest battery maker as a green-energy provider and to slash the cost of developing electric vehicles, upending the economics of the industry that has powered its growth.

Examining MicroStrategy’s record-shattering $21bn ATM Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. History, they say, doesn’t repeat, but it often rhymes. Bitcoin-hodling MicroStrategy is an excellent example. In early 2000, MicroStrategy embodied the…

African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships, but there are meager expectations that his presidency will change things for this continent of over 1.4 billion people. In the wake of Trump's win, Kenya's…

Shares of the company were down 39% at $1.8 after the bell. The stock has fallen nearly 80% this year, while the S&P 500 passenger airlines index jumped 52%. The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a…

YouTube added a capability for select creators in the U.S. to create AI-generated songs via prompts using the vocals of artists like Charlie Puth, Charli XCX, Demi Lovato, John Legend, Sia, T-Pain, and Troye Sivan last year. Now, the company is adding a feature for select creators to remix a track…

CATL , the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters.

Billionaires Jensen Huang and Masayoshi Son joke about how SoftBank was once Nvidia's largest shareholder — before dumping its stake. The two are now joining forces on an AI supercomputer. https://trib.al/s6PVLjU -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to…

Shares of Indian food delivery giant Swiggy rose nearly 8% on their trading debut Wednesday after its IPO became the country's second largest this year. The company raised 113.27 billion Indian rupees ($1.34 billion) in its IPO that closed Monday, pricing its shares at 390 rupees apiece. The IPO…

Robin Zeng, the billionaire founder of CATL, aims to reinvent the world’s largest battery maker as a green-energy provider and to slash the cost of developing electric vehicles, upending the economics of the industry that has powered its growth. Zeng told Reuters in an interview that he expects…

In This Article: NINGDE, China (Reuters) - CATL, the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters. "Originally,…

Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge) Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency, Donald Trump said on Tuesday. Despite the name, the…

Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal…

Pete Hegseth, a 44-year old NATO-skeptic, is perhaps Trump's most surprising pick as he fills out his cabinet ahead of the 20 January inauguration

In a joint statement issued Tuesday, Kadokawa and its subsidiary pledged to pay the outstanding amounts once calculations are complete.

Investing.com-- Bitcoin fell from record highs on Wednesday, retreating as optimism over a Donald Trump presidency now appeared to be cooling, with focus turning to upcoming U.S. inflation data for more cues. Major meme token Dogecoin also retreated on Wednesday after a stellar run-up to…

Unbabel on Wednesday announced an artificial intelligence-powered translation service, adding another rival to a highly competitive space.

There may not be a hotter stock on Wall Street right now than Palantir Technologies. The company's artificial intelligence (AI) software is revving its growth engine, and there is a wide-open market opportunity in both government and the private sector. The stock is up approximately 800% since the…

To navigate the dangerous new era, Keir Starmer must end the culture of denial around the biggest strategic mistake of modern times The 35th anniversary of the Berlin Wall coming down was not commemorated much in Britain last weekend. It is no Poppy Day. The unravelling of the iron curtain doesn’t…

We characterize optimal product market policy in an unequal economy in which firm ownership is concentrated and markups increase with firm market shares. We study the problem of a utilitarian regulator who designs revenue-neutral interventions in the product market. We show that optimal policy…

Ukrainian authorities activated air raid alerts throughout the entirety of the country on Wednesday, with the president's chief of staff warning of a missile attack on the capital city, AFP report...

The Foreign Ministry summoned the ambassador of Russia, but also the chargé d'affaires of Georgia, for comments by country's prime minister it said called into question the integrity of Moldova's polls.

The $20 Secret Santa limit applies to everyone except your friends who work in finance. Wall Street bankers are about to cash substantially bigger bonus checks at the end of this year, according to a report released yesterday by Johnson Associates. Coming after two consecutive years of lower…

Germany's conservative CDU/CSU, led by Friedrich Merz, is expected to win the snap election on 23 February according to the latest polls but remains at odds on energy and climate policy with its most likely coalition partner: Olaf Scholz’s Social Democrats (SPD). Merz's Union is currently leading…

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the…

Can’t wait until Black Friday to start your holiday shop or score a killer deal on a gadget you’ve been eyeing? You may not have to. Although Black Friday isn’t until November 29th, Best Buy, Walmart, and Target have begun rolling out their holiday discounts, many of which are available elsewhere.…

The Swedish government has proposed to give social services a greater role in preventing young people from joining criminal gangs by changing the confidentiality rules between public services. Before the summer, the Swedish government presented a new Social Services Act, which, among other things,…

In This Article: MUNICH (Reuters) - Siemens Energy has not proposed a dividend for the 2024 fiscal year, citing limitations to its payout policy as a result of obtaining project guarantees last year that are backed by the German government. A year ago, Berlin supported Siemens Energy with…

The Spanish government will propose to the European Commission to amend the post-COVID reconstruction plan to redirect unused EU funds to the 'reconstruction and revitalisation' of the areas most affected by the recent torrential rains and floods. ‘We are going to present an addendum to the…

Portuguese Foreign Minister Paulo Rangel warned on Tuesday of the downside of Europe's "cultural tendency" to "over-regulate" and called for a better "balance" between technological development and the defence of democracy and human rights. Read more. "Europe has a cultural tendency to…

Chances of the bill being passed this year are not high.

President-elect Donald Trump is poised to reshape the US government’s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions. According to the Washington Post, as part of his strategy to establish the United States as the “crypto capital of the…

Shopping for clothing is one of my favorite past times — and with all the early Black Friday apparel sales happening now, it's starting to feel like Christmas morning! Apparel and shoes are seeing some of the biggest markdowns with popular brands like Lululemon, Nike, Adidas, Patagonia and more…

Europe's biggest meal delivery firm Just Eat Takeaway said on Wednesday it struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million.

BANDAR SERI BEGAWAN, Brunei (Reuters) -- Vietnam Airlines will issue a request for proposal to aircraft manufacturers next year to purchase 50 narrowbody jets, its CEO said on Wednesday. The carrier last year signed a provisional deal with Boeing BA for 50 737 MAX planes that has yet to be…

US prohibits airlines from flying to Haiti after planes were shot by gangs PORT-AU-PRINCE, Haiti — The Federal Aviation Administration prohibited U.S. airlines from flying to Haiti for 30 days after gangs shot three planes and the United Nations also Tuesday temporarily suspended flights to…

Major stock market indexes in the Asia-Pacific traded mostly lower on Wednesday, partly mirroring the decline in Wall Street that preceded the newest report on the United States' inflation. The region...

Japan has announced a new plan to revitalize the country's semiconductor and artificial intelligence industries as it works to regain its chip leadership. The proposal will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, Prime Minister Shigeru Ishiba said earlier this…

The European company had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s largest food delivery company outside China at the time. A deal for Grubhub could be finalized imminently, assuming the talks do not fall apart, the report said, adding that Grubhub is…

Asia-Pacific stock markets were trading mostly lower Wednesday, tracking losses on Wall Street as the U.S. post election rally stalled overnight. Asian traders assessed corporate goods data out of Japan, which showed year-on-year producer price growth, or wholesale inflation, in October reached…