BYD, the Chinese electric car company, announced on Monday that it has produced over 3 million new energy vehicles in 2023. This puts BYD on track to surpass Tesla’s production for the second consecutive year. While Tesla has not yet released its full-year figures, it stated that it produced 1.35 million cars during the first
Global Finance
Chinese electronics company Xiaomi has recently announced its entry into China’s competitive electric vehicle market. With over 10 billion yuan ($1.4 billion) invested in its development, Xiaomi is set to rival established automakers such as Tesla and Porsche with its new car model, the Xiaomi SU7. CEO Lei Jun revealed that the vehicle is currently
Year-end bonuses: they are the monetary gifts that employees eagerly anticipate as a reward for their hard work and dedication throughout the year. However, when the much-awaited bonus finally arrives, it may seem smaller than expected. One of the major culprits behind this phenomenon is tax withholding. In this article, we will delve deep into
Excitement over artificial intelligence (AI) has not translated into a significant increase in cloud services spending in mainland China, according to a report by tech market analysis firm Canalys. Despite the potential for growth in the cloud services market, China remains conservative, relying heavily on government and state-owned enterprises to drive expansion. In the third
The recent proposal of gaming rules by China’s National Press and Publication Administration has sent shockwaves through the gaming industry. While these rules aim to regulate and control game play, it is clear that they may have unintended consequences for smaller developers and the overall online advertising revenue. This article examines the potential impact of
The National Park Service is promoting accessibility and encouraging people to explore the beauty of U.S. national parks by offering free admission on six designated days in 2024. With over 400 national parks in the country, most of them already offer free entrance all year round. However, 109 parks, including renowned ones like Grand Canyon,
Cryptocurrency exchange Coinbase has achieved registration with France’s markets regulator, the AMF, allowing the company to expand its services in the European market. This approval, referred to as a virtual asset service provider (VASP) registration, grants Coinbase the ability to offer various digital currency services, including custody of digital assets, buying and selling digital assets
Disney has recently announced that Morgan Stanley CEO James Gorman will be joining a succession planning committee, advising the board on the selection of Bob Iger’s successor. Gorman, who is stepping down from his position at Morgan Stanley, will officially join Disney’s board in February. This move is seen as a strategic decision to prevent
In a landmark move, the United Kingdom and Switzerland have inked a post-Brexit financial services deal, solidifying their positions as leading banking hubs in Europe. This groundbreaking agreement, known as the Bern Financial Services Agreement, aims to enhance cooperation between the two countries and establish a framework for future collaborations. British Finance Minister Jeremy Hunt
The year 2023 saw a surge in annuity investments by American consumers, driven by higher interest rates and concerns about the stock market and the overall state of the U.S. economy. According to estimations by LIMRA, an insurance industry group, Americans have purchased approximately $360 billion worth of annuities this year. This figure surpasses the
In a surprising turn of events, the UK inflation rate fell more than expected to hit 3.9% in November. This marks the lowest annual reading since September 2021 and has caught economists off guard. Prior to this, analysts polled by Reuters had predicted a modest decline in the headline consumer price index to 4.4%. However,
The battle for dominance in China’s electric car market is intensifying, with Tesla making significant price cuts on its vehicles. Analyzing the market, U.S.-based firm JL Warren Capital found that Tesla lowered the prices of its Model 3 and Model Y by 6% and 11% respectively compared to December last year. This move puts Tesla