Culture
Reliance halts cell-making plans after failed bid for China tech
Its struggles show that companies asked to make India carbon-zero by 2070 cannot progress without better bilateral ties with Beijing[DELHI] Reliance Industries has paused plans to make lithium-ion battery...
Heineken’s Van den Brink to step down as CEO
[LONDON] Dutch brewer Heineken said on Monday (Jan 12) that its chief executive officer Dolf van den Brink will step down on May 31, after nearly six years of...
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027 [HONG KONG/SINGAPORE] Chinese battery shares fell after Beijing unveiled...
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026[HONG KONG] Xpeng has hired banks to work on an initial public offering of its flying...
Europe and China’s feud over chips is reaching a breaking point
Since a Dutch court intervened in Nijmegen-based Nexperia’s ownership in October, the stand-off has threatened to disrupt car production in Europe and around the world[BEIJING] An effort by Europe...
Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the assets under its management[SINGAPORE] The returns generated by...
Australia to prioritise antimony, gallium, rare earths in A$1.2 billion reserve
[MELBOURNE] Australia will prioritise antimony, gallium and rare earth elements as part of its A$1.2 billion (S$1 billion) strategic reserve, it said on Monday (Jan 12), as its Treasurer...
Rio-Glencore deal closer than ever with premium and CEO in focus
The idea of a combination of the two companies has been discussed several times over more than a decade[LONDON] Glencore boss Gary Nagle has called it the most obvious...
Trump calls for one-year cap on credit card interest rates at 10%
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed[WASHINGTON] US President Donald Trump said on Friday...
Chevron could see US$700 million-a-year boost from Venezuelan oil
[HOUSTON] Chevron could grow its cash flow by as much as US$700 million a year from increasing oil production in Venezuela as the Trump administration seeks to control the...
