Exclusive Tesla supplier Catl plans a major battery plant in Shanghai
China’s CATL is planning a major new automotive battery plant in Shanghai. Continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier. The factory in Shanghai will put it close to Tesla Inc’s Chinese production base after it began supplying batteries for the U.S. automaker’s Model 3 cars in China last […]
US sets and suspends tariffs on six countries over digital taxes
The United States has announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes. But they immediately suspended the duties to allow time for international tax negotiations to continue. The U.S. Trade Representative’s office said that it had approved the threatened tariffs on goods from Britain, Italy, […]
Exclusive SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi
SoftBank Group Corp is in talks to invest in Dubai cloud kitchen Kitopi’s latest funding round through its second technology fund. This is collected from familiar sources. The Japanese company’s Vision Fund 2 has put forward a proposal to lead an investment of about $400 million in Kitopi. Both SoftBank and Kitopi has declined to comment. […]
Stanchart unit to launch cryptocurrency trading platform
A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe. The bank said that this targets the institutional clients. The new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group. This operates Hong Kong-licensed cryptocurrency exchange OSL. StanChart […]