In South Korea, Samsung Electronics Co.’s hit from US tariffs may be smaller than feared after Vietnam agreed on a 20% levy on exports to the US, down from the 46% rate announced in April, BI said. With most of its smartphones made in Vietnam and shipped to the US, the tariff impact on operating […]
The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems. Minister Li Lecheng met Thursday with leaders from 14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production […]
The same day, the chairman of Great Wall Motors, Wei Jianjun, said he was pessimistic about what he called the “healthy development” of the EV market. He drew a comparison to Evergrande, the Chinese real estate giant whose collapse sent the entire industry into a downturn from which it has yet to recover.
The dam, on the Blue Nile near the Sudan border, began producing power in 2022. The project is expected to ultimately produce over 6,000 megawatts of electricity, which is double Ethiopia’s current output and enough to make the East African nation of 120 million a net energy exporter.
A major draw for global investors like Cerberus has been Indian companies’ balance sheets. On average the loan-to-value ratio among Indian private credit borrowers, which measures the size of a financing against its collateral, is about 40%, Ghosh said. “In the rest of Asia, and even in developed markets, the gauge would be over 60%,” […]
The panel will likely recommend the RBI ask the government to keep the target at 4%, with a tolerance band of 2%-6%, the people said, asking not to be identified because the discussions are private. The panel is also in favor of retaining the consumer price index as the target, they said, instead of using […]
Late last year, for example, discount chain Walmart created a buzz when it started selling a leather bag online that resembled Hermes’ coveted Birkin bag. The $78 item — sold by Kamugo, which doesn’t appear to have its own website — was a fraction of the price of the original, which goes from $9,000 to […]
A second production unit, known as a train, will start up later this year, and the 14 million-ton-a-year facility will reach full capacity in 2026, Cremers said. Once both trains are online, Canada would rank eighth in global LNG exports, behind Nigeria, data compiled by Bloomberg show.
Climate change is quietly reshaping where people can live and work by disrupting farming, water access, and weather patterns, said Neil Adger, a professor of human geography at the University of Exeter. In places like Mustang, that’s making life harder, even if people don’t always say climate change is why they moved. “On the everyday […]
Swathes of eastern China, home to major population centers including Shanghai, Nanjing, and Hangzhou, will see temperatures around 35C to 39C (95F to 102F), with some places touching 40C, according to a forecast from the China Meteorological Administration. The region may face a “long-lasting high temperature war,” the state weather bureau said last week.