Page 939 - World News

VW, BMW and, Mercedes getting left behind in auto race by China's EVs

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

Citigroup profit beats estimates in Q3 on surge in investment banking

The third-largest US lender's dealmakers joined rivals at JPMorgan Chase and Wells Fargo in benefiting from a rebound in capital markets as corporate clients issued more debt and equity

Goldman Sachs profit beats estimates as bond sales boost investment banking

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

J&J Q3 earnings beat expectations, make progress on talc liabilities

Adjusted profit was $2.42 a share, surpassing Wall Street's average estimate of $2.19. Pharmaceutical revenue rose almost 5 per cent, exceeding expectations by more than $400 million

Qatar to hold referendum for abandoning elections to Shura Council

Qatar, like other Gulf Arab states, is ruled by a hereditary leader with ultimate say in how the country is governed

Nasa launches Europa Clipper to explore signs of life on Jupiter's moon

Nasa's spacecraft is designed to study the Jupiter's Europa moon's icy surface and the subsurface ocean believed to exist beneath

After demand for 5G gear, Ericsson sees signs of demand recovery after Q3

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

WHO secures $1 billion for 2025-28, with $700 million in new funding

Germany pledged nearly $400 million over four years, with $260 million in new voluntary funding

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

Taiwan details record surge in Chinese fighter planes involved in war games

In a daily update on Chinese military activity around the island, Taiwan's defence ministry said it spotted 153 military aircraft, surpassing Monday's figure of 125

Italy to test Starlink satellites to enhance internet access, says official

We're assessing with Starlink and other players the possibility of complementing existing infrastructure with satellites for the most remote areas

N Korea blows up parts of inter roads as tensions with S Korea rise

The explosions came a day after North Korean leader Kim Jong Un called a meeting with his top military and security officials

UK pay grows slowest in two years as BoE considers when to cut rates again

BoE cut borrowing costs in August but kept them on hold at its September meeting, saying it wanted to see further signs that inflation pressures were abating

Russia holds 'substantive' talks with China to bolster defence ties

China and Russia declared a 'no limits' partnership in February 2022 when President Vladimir Putin visited Beijing less than three weeks before his forces launched a full-scale invasion of Ukraine

Boeing prepares layoff notices for thousands of workers as turmoil deepens

While Su has previously spoken with Boeing and the striking West Coast factory workers' union, it is her first time in Seattle meeting both sides in person

China's top private firms slash 300,000 jobs despite revenue growth in 2023

China's private economy contributes over half of the country's tax revenues, more than 60 per cent of its gross domestic product, and employs over 80 per cent of urban workers

World Students' Day 2024: Celebrating APJ Abdul Kalam's birth anniversary

Every year on October 15, World Students' Day is observed to honour the efforts of former President Dr. APJ Abdul Kalam in the field of education. He was a prominent administrator and scientist

China plans to turn its feats in space exploration into scientific advances

Besides putting a space station into orbit, China's space agency has landed an explorer on Mars and aims to put a person on moon before 2030