China Everbright Water’s FY2024 profit falls 14% to HK$1 billion

China Everbright Water’s FY2024 profit falls 14% to HK billion

CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion in the previous corresponding period. Earnings per share fell 14 per cent to HK$0.3564 from HK$0.4151, based on financials released by the Hong Kong and Singapore dual-listed environmental protection company on…

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Tesla sales fall 45% in Europe as rivals’ EV registrations soar

Tesla sales fall 45% in Europe as rivals’ EV registrations soar

TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand. The Elon Musk-led company registered only 9,945 cars in January, down from 18,161 a year ago, according to the European Automobile Manufacturers’ Association. EV sales soared 37 per cent for the overall industry, with…

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India’s Tata Play, Airtel Digital TV near merger: ET

India’s Tata Play, Airtel Digital TV near merger: ET

INDIA’S Tata Group and Bharti Group are finalising a merger of their satellite TV businesses Tata Play and Airtel Digital TV amid mounting losses due to sustained migration to digital streaming, Economic Times reported on Tuesday. The merger will happen through a share swap, the report said, citing sources. Bharti Airtel will likely hold between…

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Trump team seeks to toughen Biden’s chip controls over China

Trump team seeks to toughen Biden’s chip controls over China

DONALD Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts…

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China’s oil teapots rocked by tax rules that threaten closures

China’s oil teapots rocked by tax rules that threaten closures

CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector. The refiners, dubbed teapots, are in the crosshairs of the government’s drive to root out overcapacity. Local authorities, including in the industry’s hub of Shandong province, are targeting tax breaks on one of their…

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