Markets

Prince Charles urges business to put planet and people first

Prince Charles urges business to put planet and people first Prince Charles is set to unveil Terra Carta, also known as Earth Charter, to give businesses a roadmap to move to a sustainable future by 2030. There are almost 100 actions for business outlined in the 17-page-long Terra Carta, which has already acquired the support of leading businesses such as Bank of America, Blackrock, EY, AstraZeneca, Schroders, BP, and Heathrow Airport. [Full Article...]

Detroit Auto Show canceled due to coronavirus concerns

Detroit Auto Show canceled due to coronavirus concerns Fast forward to today and there are even more changes as the 2021 North American International Auto Show is dead and being reborn as an "auto-centric event called Motor Bella". As auto shows around the world are being reimagined and will continue to do so in the wake of the pandemic, NAIAS had been reimagining its position for some time, Alberts said. [Full Article...]

Booming markets: RBI governor warns stretched valuations pose financial stability risk

Booming markets: RBI governor warns stretched valuations pose financial stability risk State-run banks are seen being the worst-affected among bank groups with their GNPA ratio expected to increase to 16.2 per cent by September 2021 under the baseline scenario from 9.7 per cent in September 2020. The RBI Governor also said the expansion of the government's market borrowing programme had imposed additional pressure on banks. Banks wrote off a record Rs 2,37,876 crore in fiscal ... [Full Article...]

Baidu, Geely team up to make smart electric cars_china

Baidu, Geely team up to make smart electric cars_china To do that, the "Google of China" is entering into a strategic partnership with Zhejiang Geely Holding Group (ZGH), the holding company of Geely , the top domestic brand by sales and the most famous Chinese vehicle brand outside of China. [Full Article...]

General Motors reveals new logo its for EV future

General Motors reveals new logo its for EV future It is the fifth time in more than 110 years that the company has changed its logo. As part of the campaign, ads will show a variety of people talking about GM's electric vehicle technology. GM is investing heavily in its EV program and is promising a breakthrough that will drastically lower the cost of batteries. According to a CNBC report , the company will spend $27 billion on all-electric and ... [Full Article...]

New Zealand central bank hit by cyberattack | DW

New Zealand central bank hit by cyberattack | DW The Reserve Bank of New Zealand is scrambling to uncover the extent of a breach into a data system service used to share information with external stakeholders. RBNZ said the compromised data may include some commercially and personally sensitive information. Last May, RBNZ said in a discussion document its cyber security systems were not up to scratch and there was a "high operational risk due ... [Full Article...]

Trade Off of Movement in Yields, Dollar - Shrug Off the Headlines

Trade Off of Movement in Yields, Dollar - Shrug Off the Headlines MSCI's broadest index of Asia-Pacific shares outside Japan was flat, having surged 5 per cent last week to record highs. Japan's Nikkei was closed for a vacation after finishing at a 30-year high on Friday. The U.S. Dollar edged higher across the board on Monday, extending a rebound from the near 3-year low hit last week, taking strength from the recent spike in Treasury yields and the prospect of... [Full Article...]

Nio reveals the ET7 sedan and solid-state battery technology

Nio reveals the ET7 sedan and solid-state battery technology While the ET7 looks large, sleek styling does hide bulk well, with twin LED DRL "headlights", and twin LED pods placed lower in the bumper, while a full-length LED light strip at the rear seems to be the order of the day. Also remarkable is the way the designers managed to integrate the LiDAR, one of the biggest worries surrounding this technology. The world's first in-car AI system NOMI also ke... [Full Article...]


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