Foxconn gets China go-ahead for Shanghai IPO of subsidiary

Foxconn gets China go-ahead for Shanghai IPO of subsidiary China has approved the Shanghai listing of an internet and industrial-focused subsidiary of Taiwan’s Foxconn, which the world’s largest contract electronics manufacturer hopes will help fund new projects. Foxconnn, whose clients include Amazon, Apple , Cisco, Dell [DI.UL], Huawei [HWT.UL] and Lenovo, and the China Securities […]

Geely’s Li Shufu $9 billion stake in Daimler

Geely’s Li Shufu $9 billion stake in Daimler When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise. Although the move seemed sudden, the head of the Chinese carmaker Geely had, according to multiple sources and documents reviewed […]

BENTLEY, BUT NOT AS YOU KNOW IT

A BENTLEY, BUT NOT AS YOU KNOW IT As the first luxury brand to create a hybrid for production, we are proud to be leading the way. With its plug-in hybrid powertrain, Bentayga Hybrid* is fundamentally different from our other models – yet nevertheless, continues to offer the luxury and performance for which Bentley is […]

EU considers tax on Levi jean imports

Trump trade row: EU considers tax on Levi jean imports Media captionCecilia Malmström, EU Commissioner for Trade Levi jeans and bourbon could be hit with a 25% import tax by the European Union if President Donald Trump imposes tariffs on European steel and aluminium. Cecilia Malmström, EU Commissioner for Trade, told the BBC the items […]

13 Picasso works bought for £113m by one London buyer

13 Picasso works bought for £113m by one London buyer Bulk purchase includes 1937 portrait of lover Marie-Thérèse Walter, sold for nearly £50m Pablo Picasso’s 1937 portrait of Marie-Thérèse Walter, seen at Sotheby’s, London. Photograph: Andy Rain/EPA A London art adviser has spent more than £110m bulk buying 13 works of art by Picasso on […]

Five categories for adult diabetes, not just type 1 and type 2, study shows

Five categories for adult diabetes, not just type 1 and type 2, study shows Findings shed light on variations in response to treatment between diabetics –and could help identify those at high risk of complications Tailored treatment of the disease could be possible in the future, say scientists. Photograph: Peter Byrne/PA Diabetes that begins in […]

Comcast challenges Murdoch and Disney with $31 billion offer for Sky

Comcast challenges Murdoch and Disney with $31 billion offer for Sky   The world’s biggest entertainment company, which owns NBC and Universal Pictures, said it proposed to offer 12.50 pounds per share, significantly higher than the 10.75 pounds Fox had agreed to pay for the British company The offer pits Comcast’s Brian L. Roberts against […]

German court rules in favour of city bans on diesel cars

German court rules in favour of city bans on diesel cars There has been a global backlash against diesel-engine cars since Volkswagen (VOWG_p.DE) admitted in 2015 to cheating U.S. exhaust tests, meant to limit emissions of particulate matter and nitrogen oxide (NOx), known to cause respiratory disease. While other countries are also considering restrictions on […]

Google not obligated to vet websites, German court rules

Google not obligated to vet websites, German court rules The case, which comes in the context of debate about the so-called “right to be forgotten”, had been brought by two individuals seeking Google to prevent its search engine from displaying links to websites on which they were verbally attacked by other internet users. They wanted […]

Chinese capital dangles carrots to lure foreign talent to its Silicon Valley

Chinese capital dangles carrots to lure foreign talent to its Silicon Valley New foreign hires at Zhongguancun Science Park will enjoy generous visa terms and more will also get the coveted permanent residence certificate, which confers greater freedom of cross-border travel as well as local economic benefits. Foreigners with permanent residence will also be allowed […]