China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing’s “common prosperity” drive, eight people with knowledge of the matter said. State-owned investment banks including China International Capital Corp (CICC) and Citic Securities have implemented pay cuts this year as well… Continue reading Pay and perks slashed for investment bankers amid China’s ‘common prosperity’ drive
Category: Automotive
Jeep Pulls Out of China Over Government Meddling in Business – Bloomberg
Jeep Pulls Out of China Over Government Meddling in Business Bloomberg Go to Source
Telit and Thales Announce the Creation of the Leading Western IoT Solutions Provider: Telit Cinterion
Telit and Thales jointly announce intended transaction whereby Telit incorporates Thales’ cellular IoT products business and goes forward under Telit leadership Combined company, to be called Telit Cinterion, is leading Western IoT provider, supporting customers with expanded IoT portfolio of products, services, and bundles comprising hardware, software, and connectivity solutions Telit Cinterion will… Continue reading Telit and Thales Announce the Creation of the Leading Western IoT Solutions Provider: Telit Cinterion
Xiaomi’s $10 billion electric vehicle project said to hit regulatory barrier
Xiaomi Corp. is facing difficulties getting regulatory approval for its electric vehicle project in China, an unexpected hurdle for the smartphone giant’s $10 billion carmaking endeavor. The Beijing-based company has been talking to officials at the National Development and Reform Commission about the licensing for months without success, according to people familiar with the matter.… Continue reading Xiaomi’s $10 billion electric vehicle project said to hit regulatory barrier
No slowdown yet: US import deluge tests supply chain
Throngs of 18-wheelers are the clearest sign of brisk activity at the Port Newark-Elizabeth marine terminals in northern New Jersey, defying talk of a US economic slowdown. Last week, the Port of New York and New Jersey reported that its June 2022 volumes were the second-highest in history, capping a torrid semester that has overtaken… Continue reading No slowdown yet: US import deluge tests supply chain
Indians’ desperation for government jobs in the last eight years shows unemployment crisis
Representative Image India recruited just 0.3% of the candidates who applied for permanent government jobs in the last eight years, highlighting the unemployment crisis plaguing the world’s fastest-growing economy. The government hired 722,311 candidates out of 220 million applications it received since 2014, Jitendra Singh, a junior minister in the personnel ministry told Parliament Thursday.… Continue reading Indians’ desperation for government jobs in the last eight years shows unemployment crisis
We are playing EV the capital goods way: Nilesh Doshi
“We are looking at this space in a very niche and very selective way especially where we see the product, the market share gain. Also, there are areas like castings. Now castings have been there in our country or globally very well but now are seeing that European manufacturers are looking at Indian companies to… Continue reading We are playing EV the capital goods way: Nilesh Doshi
German Handelsblatt: Susanne Klatten in an interview: “Great, but not the only great” – The BMW heiress talks about her start-up strategy004896
Suzanne Klatten With her incubator UnternehmerTUM, Susanne Klatten is successful in the start-up scene in Munich. Susanne Klatten wants to expand the successful model of the Munich start-up hub, which she helped set up, to the whole of Europe – because only together can Europe survive in the tech competition with the USA and China.… Continue reading German Handelsblatt: Susanne Klatten in an interview: “Great, but not the only great” – The BMW heiress talks about her start-up strategy004896
Volvo adds missing Apple CarPlay to newer models with over-the-air update
Volvo has issued a new over-the-air update for newer versions of its cars which use Android Automotive OS-based infotainment systems, with this latest upgrade including a feature that’s been missing since the brand ditched its own software platform for Google’s development. Native Apple smartphone integration has been absent on Android Automotive-powered Volvo infotainment systems since… Continue reading Volvo adds missing Apple CarPlay to newer models with over-the-air update
Top 10 best 7-seater cars to buy 2022
Over the last 40 years or more, UK car buyers have taken the idea of the seven-seater car firmly to their hearts. Today, seven-seat vehicles are hugely popular with families but the latest crop bear little resemblance to those on offer even a decade ago. Here we round off the top 10 best new seven-seater… Continue reading Top 10 best 7-seater cars to buy 2022