Business News

5 times to use home equity to buy a second home
2024-03-26 16:39:50
Using your home's equity to buy a second property doesn't always make sense, but it could in these scenarios.
Chinese EV makers challenging market leaders at auto show in Bangkok
2024-03-26 15:18:12
Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show.
Chinese ride-hailer Didi posts reduced loss for 2023 · TechNode
2024-03-26 15:05:44
On March 23, China’s Didi reported an RMB 535 million ($74.3 million) profit for 2023, its first annual profit in four years as the ride-hailing giant
Microsoft has a new Windows and Surface chief
2024-03-26 15:04:50
Windows and Surface are back together again.
Alibaba deepens price war as Taobao provides independent channel for B2B business 1688 · TechNode
2024-03-26 15:03:35
Alibaba’s wholesale marketplace 1688 recently opened three official online shops on Taobao, strengthening the company’s low-price strategy which is
Canva acquires Affinity to fill the Adobe-sized holes in its design suite
2024-03-26 15:03:26
Affinity integrations with Canva are expected “over time”
Disney Plus has a new Hulu-ified logo
2024-03-26 15:03:00
The teal is nice but departs from the “Cinderella castle” logo.
Alibaba withdraws Hong Kong IPO for logistics arm
2024-03-26 14:51:28
Chinese e-commerce titan Alibaba is withdrawing a planned initial public offering for its logistics arm Cainiao, the company said Tuesday, as a major company overhaul faces setbacks.
Ghana's decades-old ambition to build an integrated aluminum industry faces a new hurdle: The clean energy transition
2024-03-26 14:51:28
It has been more than 60 years since Ghana's first post-independence leader Kwame Nkrumah first mooted the idea that Ghana should produce aluminum from the country's ample supply of bauxite.
Chinese EV giant BYD posts record annual profit for 2023
2024-03-26 14:20:56
Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed Tuesday, despite fierce competition in the country as demand for electric vehicles grows.
Vietnamese automaker VinFast to start selling EVs in Thailand
2024-03-26 14:20:55
Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.
PDD’s Colin Huang becomes China’s second-richest billionaire, outpaces Tencent and ByteDance founders · TechNode
2024-03-26 09:38:07
PDD’s low-profile founder Colin Huang has moved up three places in the Hurun wealth rankings to become China’s second-richest billionaire, followed by
My $400 AI shopping haul: how AI is changing the way we shop
2024-03-26 09:14:23
We tried clothes made using AI to see if it’s actually better
Ousted WeWork co-founder bids to buy company: Reports
2024-03-26 08:55:31
Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.
Trader Joe's raises banana price for the first time in more than two decades
2024-03-26 04:12:47
The grocery chain has increase the price of a single banana for the first time in more than 20 years.
Boeing CEO to exit as safety concerns mount
2024-03-25 21:42:49
Boeing announced Monday a leadership shakeup headlined by the departure of CEO Dave Calhoun as the aviation giant faces heavy scrutiny following safety incidents and manufacturing issues.
As Boeing turbulence persists: A look at past crashes and safety issues involving the plane maker
2024-03-25 21:42:23
Boeing keeps hitting more and more turbulence.
Pairing crypto mining with green hydrogen offers clean energy boost, study suggests
2024-03-25 21:42:16
Pairing cryptocurrency mining—notable for its outsize consumption of carbon-based fuel—with green hydrogen could provide the foundation for wider deployment of renewable energy, such as solar and wind power, according to a new Cornell University study.
Assessing the wind vulnerability of Patagonia's oil storage tanks
2024-03-25 21:34:48
In Latin America, specifically in Argentina, there's a burgeoning petroleum boom, largely thanks to the Vaca Muerta field, known for its substantial shale gas and oil reserves. However, this surge in oil output necessitates extensive fluid storage capacity, primarily in vertical oil storage tanks, which have proven vulnerable to extreme weather events, particularly high-speed winds, leading to potential severe damage.
Bankrupt FTX sells stake in hot AI startup Anthropic
2024-03-25 21:34:46
FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

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