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Reuters
BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected. Wang gave assurances that future pricing would be appropriate and affected customers would receive support, according to a government spokesman.
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
Simply Wall St.
Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%
Amidst a landscape of heightened vigilance against financial fraud, as highlighted by initiatives from major banks like National Australia Bank, investors in the Singapore market may find reassurance in focusing on fundamentally sound investments. In this context, identifying stocks trading below their intrinsic value can offer a prudent strategy, especially when market conditions underscore the need for careful investment choices.
Reuters Videos
China's BYD opens first EV factory in Southeast Asia
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
CoinDesk
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
AFP News
Why are Chinese electric cars in EU crosshairs?
The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
AFP News
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
Reuters
MG, Nio hint at car price increases this year following EU EV tariff decision
Chinese brands MG and Nio suggested on Thursday they might raise prices of their cars in Europe later this year, following the European Union's decision to confirm tariffs on Chinese-imported EVs. The EU will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. Chinese automaker Nio said in a statement it might adjust prices of its cars in Europe as a result of the EU's decision on tariffs.
AFP News
China's BYD opens EV plant in Thailand despite slowdown, tariff row
China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.China has led the global shift to electric vehicles, with almost one in three cars on its roads set to be electric by 2030, according to the International Energy Agency's annual Global EV Outlook.
Moneywise
Is retiring at 65 a huge mistake? Here's what you need to consider
Deciding when to retire is deeply personal.
Reuters
Exclusive-Europe seeks industry views on China's older generation chips
AMSTERDAM/LONDON (Reuters) -The European Commission has begun canvassing the region's semiconductor industry for its views on China's expanded production of older generation computer chips, two sources familiar with the matter told Reuters. The Commission, the EU executive, has sought feedback ahead of two voluntary surveys for the chip industry and major chip-using industrial firms that will be due in September. A spokesperson on Friday confirmed the Commission had begun a "targeted consultation (with) the industry to assess further the use of legacy chips in supply chains."
BBC
EU hits Chinese electric cars with new tariffs
The move poses a challenge to Beijing, which hopes EVs will help revive the country's flagging economy.
The Guardian
Bruce Lehrmann told alleged rape victim ‘it’s OK’ as he had sex with her, court hears
Former Liberal staffer has been committed to stand trial on two counts of rape alleged to have occurred in Toowoomba in October 2021
BBC
Bird flu hits McDonald's Australia breakfast hours
The fast food giant is serving its full breakfast menu in the country until 10:30am, instead of midday.
Yahoo Life Shopping
DeWalt's top-selling driver is 40% off, plus more brand deals for the 4th
Score top-of-the-line tools at rock-bottom prices, just in time for all your summer DIY projects.
MediaOutReach
Malaysian companies have significant scope to promote diversity at the workplace - according to a foundit survey
Here are some of the key findings from the survey - 49% of respondents state that their organisations do not have diversity training programs - 32% of employees believe their workplace is highly committed to hiring a diverse team - 28% of respondents are not familiar with the concept of diversity hiring - 36% of respondents state that their organisations support work-life balance, especially for women caregivers and differently-abled individuals. - 47% of employees are aware of employee resource
Twentytwo13
Data centres will create a thriving ecosystem around them; talent development remains govt’s priority
In this week’s Digital Ministry round up, we look at how data centres can help create jobs, and the importance of talent development to ensure no one is left behind in the digital race. The post Data centres will create a thriving ecosystem around them; talent development remains govt’s priority appeared first on Twentytwo13.
Reuters
Australian court rules PayPal's local unit used unfair contract term for small businesses
The court found the term was unfair because customers who did not bring the overcharging errors to PayPal's notice within 60 days were forced to accept the fees as accurate, the Australian Securities & Investments Commission (ASIC) said. The ASIC had initiated court proceedings against PayPal over this issue last September. "Today's decision serves as a reminder to all businesses that unfair contract terms contained within standard form contracts with small businesses will not be tolerated, and that ASIC will take decisive action where appropriate to protect the rights of consumers and small businesses," ASIC Deputy Chair Sarah Court said.
GOBankingRates
8 Signs You’ll Retire Wealthy
How do you actually know whether you'll be able to retire early? Here are some signs.
Reuters
China and EU held technical talks on impending EV tariffs
China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China's commerce ministry said at a regular news conference. "To date, a number of consultations have been held at the technical level between China and the European Union," He Yadong, a ministry spokesperson, said. The Commission is set to confirm provisional import tariffs of up to 37.6% on Chinese-manufactured electric vehicles (EVs), after the bloc accused the world's No.2 economy of providing its firms with heavy state subsidies.

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PRESS DIGEST-Canada - March 21

Latest stories

BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances

China steps up pressure with EU brandy probe hearing as EV tariffs begin

Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%

China's BYD opens first EV factory in Southeast Asia

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool

Why are Chinese electric cars in EU crosshairs?

EU slaps Chinese electric cars with tariffs of up to 38%

MG, Nio hint at car price increases this year following EU EV tariff decision

China's BYD opens EV plant in Thailand despite slowdown, tariff row

Is retiring at 65 a huge mistake? Here's what you need to consider

Exclusive-Europe seeks industry views on China's older generation chips

EU hits Chinese electric cars with new tariffs

Bruce Lehrmann told alleged rape victim ‘it’s OK’ as he had sex with her, court hears

Bird flu hits McDonald's Australia breakfast hours

DeWalt's top-selling driver is 40% off, plus more brand deals for the 4th

Malaysian companies have significant scope to promote diversity at the workplace - according to a foundit survey

Data centres will create a thriving ecosystem around them; talent development remains govt’s priority

Australian court rules PayPal's local unit used unfair contract term for small businesses

8 Signs You’ll Retire Wealthy

China and EU held technical talks on impending EV tariffs