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Visitors at the Chengdu Motor Show in August 2024. Photo: Xinhua

BMW, GM, Toyota lose more market share in China as slow EV shift hits deliveries

Foreign carmakers are ceding more share to local rivals, with BMW, VW and General Motors reporting further slumps in deliveries.

Foreign carmakers are ceding more share to local rivals, with BMW, VW and General Motors reporting further slumps in deliveries

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Why is axe throwing taking off in Germany and why are women so good at it?

EU and China trade negotiators fail to strike deal on electric vehicle imports

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China’s world-leading electric-bus maker Yutong touts new tech as exports grow

With quick-charge batteries from CATL, firm aims to extend driving range by 10 per cent while cutting operating cost by 20 per cent.

Yutong Bus showcases new versions of its electric busses at Australia’s National Bus and Coach show in Brisbane on September 17, 2024. Photo: Eric Ng

Hong Kong banks trim prime rates halfway after Fed’s bold slash

For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.

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German warships in the Philippines: a sign of things to come?

Germany stepping up its regional naval presence showcases its commitment to upholding international law, Berlin’s envoy says.

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Intel secures Amazon as AI chip client, outlines turnaround plans

CEO Pat Gelsinger outlined steps that Intel would take to revive itself, after it reported disastrous second-quarter earnings.

Intel CEO Pat Gelsinger delivers a speech at the Computex forum in Taiwan in June. Photo: Reuters

Germany lobbies fellow EU members to vote against tariffs on Chinese EVs

Efforts by Berlin come as China’s commerce minister is in Europe amid the trade dispute.

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Germany’s Scholz seals migration deal with Uzbekistan on Central Asia visit

Scholz will also attend summit in Kazakhstan with region’s five former Soviet republics, which are all heavily influenced by China and Russia.

Chinese firms in mobility, hardware are big draw for venture funds, report shows

125 Chinese firms with overseas operations received funding across 156 deals during the period between November 2023 and August this year.

The most popular venture-capital funding targets are Chinese companies involved in automobile and mobility, as well as intelligent hardware. Photo: Shutterstock

Hong Kong developers form group to cut carbon emissions in building industry

Major procurement shifts, policy incentives and technical documentation frameworks are required to drive investments, alliance says.

Construction workers labour on a site in Central on September 7, 2024. Photo: Edmond So

US, EU raise alarm over China’s ‘very substantial’ help to Russia in Ukraine war

Beijing’s ‘significant’ exports said to be used on battlefield and given in exchange for Kremlin’s sensitive military technologies.

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Meet Princess Gloria von Thurn und Taxis, punk rock icon turned religious advocate

The princess has made headlines for a US$900 ‘gift’ to US Supreme Court Justice Samuel A. Alito Jr and his wife, Martha-Ann, which just showed up on his 2023 financial disclosure.

Copenhagen International Fashion Fair puts sustainability and community first

The fair’s 63rd edition cements Copenhagen’s spot on the global fashion map while paving the way for a more sustainable, inclusive industry, with community at its heart

The Copenhagen International Fashion Fair took place in early August. Photo: @ciffdk/Instagram

Who is Antonio Banderas’ girlfriend Nicole Kimpel, who’s 21 years his junior?

Antonio Banderas, 64, and his girlfriend of 10 years Nicole Kimpel, 43, just got all glammed up for the Venice Amfar gala.

Antonio Banderas has been dating his girlfriend, German businesswoman and model Nicole Kimpel, since 2014. Photos: @nickykim2807/Instagram

China’s Meituan plants flag in Saudi Arabia after Hong Kong debut

The Beijing-based company has introduced its food ordering app Keeta in Al-Kharj, ahead of an expected launch in the capital, Riyadh.

Exclusive | China trade officials visit Brussels seeking deal to nix EV tariffs

Meetings meant to pave way for ministerial-level discussions next week when China’s commerce minister and EU trade chief sit down.

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UK’s Keir Starmer warns against ‘snake oil’ offered by far-right

Britain’s prime minister says he’s making unpopular decisions early following his election victory in July.

Britain’s Prime Minister Keir Starmer. Photo: BBC via Reuters

Lenovo launches new AI-capable PCs powered by Intel, AMD and Qualcomm processors

The latest AI device portfolio from Lenovo reflects efforts by the global PC industry to boost its recovery this year.

Meet German ex-tennis pro Tommy Haas, recently embroiled in break-up rumours

He showed off tennis skills at 2, worked to beat his sister and win German tournaments as a kid, then turned pro in 1996 after working with renowned coach Nick Bollettieri, winning 15 titles

German police shoot dead gunman near Nazi era documentation centre

The incident took place on the anniversary of the 1972 massacre of Israeli athletes at the Munich Olympic Games by Palestinian militants.

Police secure the area after opening fire on a suspect near the Israeli consulate and a Nazi history museum in central Munich. Photo: Reuters

Exclusive | Tencent counts on AI boom to lift cloud business overseas

The tech giant sees growing demand from both Chinese and foreign clients to use its services abroad, Tencent Cloud CEO Dowson Tong says

The Tencent headquarters in Shenzhen, China. Photo: AFP

Rise of Germany’s far-right AfD stokes fears at concentration camp site

The AfD has little chance of entering government for now as all other political parties have refused to ally with it to form a government

China’s Changan Automobile sets up subsidiary in Germany

Company says its first subsidiary in Europe will perform marketing and engineering research to support further expansion on the continent.

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TikTok owner ByteDance’s overseas business to get boost from US$9.5 billion loan

The company’s overseas e-commerce operation, for example, is still in an ‘input phase’ to build up its ecosystem, according to analyst Li Chengdong.

TikTok owner ByteDance is keeping details of its reported US$9.5 billion bank loan close to the chest. Photo: Shutterstock

German firms buck R&D trend in China, seek ecosystem partners to gain edge

German Chamber of Commerce in China survey shows an increasing number of firms are conducting research and development in China.

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A worker operates at a Bosch facility in Chongqing. Photo: Xinhua

Germany’s far-right AfD wins first regional election, exit polls show

AfD took former East German state Thuringia, was neck-and-neck with conservative CDU for first place in Saxony, which also held election.

Nato chief says Ukraine’s incursion into Russia’s Kursk region is legitimate

The head of the military alliance defended Ukraine’s move into Russia’s Kursk region, but warned the operation came with risks.

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