HONG KONG, July 10 (Reuters) – Alibaba Group (9988.HK) and Tencent (0700.HK) shares rose in Hong Kong on Monday after China’s $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s technology sector. Following the penalty on Friday, the Alibaba affiliate announced a share… Continue reading Untitled
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Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Legalcategory
– Elon Musk sued Wachtell to recover most of a $90 million fee the law firm received from the Twitter buyout lawsuit. – Latham & Watkins and Kirkland & Ellis emerged as the top legal M&A advisors for the first six months of 2023, as the slowest first-half deal making period since 2020 drew to… Continue reading Legalcategory
Chinese electric vehicle investment plans in Thailand
July 10 (Reuters) – Chinese electric vehicle manufacturers are pouring into Thailand, having committed to invest $1.44 billion in production facilities in Southeast Asia’s biggest automaking hub that has long been dominated by Japanese companies. This new wave of investment has been backed by Thailand’s government, which has rolled out incentives and courted Chinese firms,… Continue reading Chinese electric vehicle investment plans in Thailand
Untitled
July 9 (Reuters) – Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms (META.O) and OpenAI for allegedly using their content without permission to train artificial intelligence language models. The proposed class action lawsuits filed by Silverman, Richard Kadrey and Christopher Golden in San Francisco federal court Friday allege Facebook… Continue reading Untitled
Legalcategory
– Elon Musk sued Wachtell to recover most of a $90 million fee the law firm received from the Twitter buyout lawsuit. – Latham & Watkins and Kirkland & Ellis emerged as the top legal M&A advisors for the first six months of 2023, as the slowest first-half deal making period since 2020 drew to… Continue reading Legalcategory
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Focus: China-led EV boom in Thailand threatens Japan’s grip on key market
Summary Companies Siam Motors in talks with Chinese groups about partnerships-exec Chinese EV makers have invested $1.44 bln since 2020 EVs growing rapidly as proportion of car sales in Thailand BANGKOK, July 10 (Reuters) – Thailand’s Siam Motors partnered with Nissan Motors (7201.T) in 1962 with a factory that rolled out four cars a day,… Continue reading Focus: China-led EV boom in Thailand threatens Japan’s grip on key market
European firms look for footing in China-U.S. spat, French execs say
[1/2]Renault’s chairperson Jean-Dominique Senard looks on during a visit by the French President to the site of the future factory of Japan-based battery maker Envision AESC group, where Renault SA develops an electric-vehicle manufacturing hub, in Douai, France June 28, 2021. Ludovic Marin/Pool via… Read more AIX-EN-PROVENCE, France, July 9 (Reuters) – European firms are… Continue reading European firms look for footing in China-U.S. spat, French execs say
France upbeat on attracting major Tesla investment, finance minister says
PARIS, July 9 (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla (TSLA.O) Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for… Continue reading France upbeat on attracting major Tesla investment, finance minister says