SINGAPORE : Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 […]
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Production of The Late Show With Stephen Colbert was canceled this week as the top-rated US late-night television host recovers from surgery. Production of The Late Show With Stephen Colbert was canceled this week as the top-rated US late-night television host recovers from surgery for a ruptured appendix, the CBS […]
HONG KONG: Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed down by higher interest rates and weak buying sentiment. Home prices in the financial hub, one of the most expensive markets in the world, dropped […]
HONG KONG: People’s Bank of China (PBOC) Governor Pan Gongsheng said monetary policy would be kept accommodative, though inflation was “bottoming out” and was likely to pick-up in coming months. China’s economy gained momentum in recent months, paving the way for achieving the official growth target, Pan told the HKMA-BIS […]
JAKARTA: Indonesia’s President Joko Widodo on Friday launched construction of a carbon capture, utilisation and storage (CCUS)project in West Papua province operated by BP Plc, the country’s first carbon storage project. The CCUS project has the potential to store up to 1.8 gigatonnes of carbon dioxide, energy minister Arifin Tasrif […]
DUBLIN: Protesters on Thursday fought running battles with police, torched vehicles and looted shops in Dublin, after three young children were injured in a knife attack outside a school. Police in riot gear stood guard on the streets in the Irish capital as crowds taunted them with chants and set […]
TAIPEI: Taiwan said on Friday that an Australian warship had sailed through the Taiwan Strait, the sensitive and narrow waterway that separates the democratically governed island from China. The ship, which it did not name, entered the strait on Thursday and sailed in a southerly direction, the ministry said. Taiwan’s […]
BANGKOK : Thailand expects 3.4-3.5 million visitors from China this year, below its target, the Tourism Authority of Thailand (TAT) said on Friday, despite rolling out a visa-free programme to attract Chinese tourists. About 3.01 million Chinese tourists have visited the country so far this year, it said. China has […]
NEW YORK: New York Mayor Eric Adams on Thursday denied allegations that he sexually assaulted a female coworker 30 years ago, as the state sees a flurry of lawsuits filed ahead of a statute of limitations deadline. The complaint against Adams, filed Wednesday, alleges “sexual assault, battery and employment discrimination […]
SYDNEY : Australia said on Wednesday it would spend A$26.2 million ($17 million) to establish “rapid assistance” teams to respond to cyber crises in the Pacific region, and another A$16.7 million to identify cyber vulnerabilities in the Pacific Islands. The cyber security boost comes after Australia and the United States […]