SpaceX see significant inflation risks
Tesla Inc Chief Executive Officer Elon Musk said that the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. He asked via tweet about inflation rate outlook and said his companies are not alone. Russia’s invasion of Ukraine has been ramping up the prices of metals used […]
China’s ZTE headed to court
Lawyers for ZTE Corp have been summoned to U.S. federal court in Texas. This is for a hearing over whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. ZTE is on probation in the United States after pleading guilty in Dallas in 2017 to illegally shipping U.S. […]
Japanese investors dump overseas bonds
Japanese investors sold the most overseas debt in a month. This is on concerns over monetary tightening by the world’s major central banks. According to Japan’s Ministry of Finance data, domestic investors sold a net 3.2 trillion Japanese yen ($27.64 billion) in overseas bonds. Meanwhile, the data showed they bought foreign equities worth 322 billion […]
Rental car giants embark on electric
The $100 billion Western rental car industry, flush with cash from a profitable pandemic. It is gradually getting its electric show on the road. The Chinese-made vehicles are poised to play a starring role. The electric transition could see car fleets, which is long dominated by famed marques from the United States and Europe. Olivier […]