SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc on Monday said it had sent a team to investigate a video on Chinese social media which showed a parked Tesla car exploding. The video was widely shared on China’s Twitter-like Weibo, with the hashtag “Tesla self-ignites” becoming one of the most-read topics on the platform, […]
Former white knight SM Investments (SMI) will be taking troubled utilities company Hyflux to court for breaking the terms of their scrapped $530 million rescue deal, a statement by the investor group said yesterday. The move follows Hyflux’s initial salvo on Monday, when it sued SMI for reneging on their restructuring agreement. The SMI consortium, […]
HONG KONG • US President Donald Trump once called himself the “king of debt”. Mr Hui Ka Yan, China’s richest property mogul, has a stronger claim to the title. No one has become wealthier on the back of a corporate borrowing binge than Mr Hui. His junk-rated China Evergrande Group is not only the nation’s […]
Tomorrow marks the start of the long Easter weekend. Whether you're throwing a party, barbecue or a huge Easter roast, you'll want to make sure your stocked up on food and booze. Most chains will be open on Good Friday, but as it is a bank holiday many will shut earlier than normal. If you're […]
NEW YORK (Reuters) – Video conferencing company Zoom Video Communications opened at $65 per share on Thursday, 80.6 percent above its initial public offering price, in its debut on the Nasdaq. Zoom priced its IPO on Wednesday at $36 per share, above its target range of $33-$35 per share. Source: Read Full Article
Student loans are scary. Even just taking enough to cover tuition means you'll have racked up almost £30,000 in loans by the time you graduate. Worse, interest is applied to them even while you're studying. So in theory it's great news that the interest charged on them is coming down. MoneySavingExpert.com founder Martin Lewis said: […]
Millions of graduates leave fashion school every year desperate to start their own label – but few succeed in making millions from it. However, that's not been the case for Jade Goulden, who launched a British fashion line in summer 2013 and has since had her streetwear designs photographed on the likes of Taylor Swift […]
LONDON (Reuters) – Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend. After a subdued open, European markets fell further after French and German surveys of purchasing managers in the […]
Pet insurers paid out a record-breaking £785 million in 2018 to cover the unexpected costs of owning a pet, figures from the Association of British Insurers (ABI) show. The jump in the cost was driven by a significant increase in the average claim size as veterinary treatment becomes increasingly sophisticated, the ABI said. The average […]
MUMBAI/BENGALURU (Reuters) – Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival’s demise. Once India’s largest private airline, Jet halted all flight operations indefinitely on Wednesday evening after […]