The Subaru Impreza has returned for a sixth generation to rival the Volkswagen Golf and Honda Civic with a purposeful new look and the option of a warmed-up RS range-topper. Making its global debut at this year’s LA motor show, the reborn Impreza brings significant technological and dynamic improvements over its predecessor – and drops… Continue reading New Subaru Impreza 4WD hatch brings back RS range-topper
Category: Automotive
Hyperion XP-1 hydrogen-powered supercar makes public debut
American start-up Hyperion is at the LA motor show to showcase its XP-1 hydrogen electric supercar, which it claims offers 1000 miles of range between refills. Announced in 2020 as part of a plan to increase wider adoption of hydrogen technology across the automotive industry, the two-seat XP-1 combines hydrogen fuel cells with supercapacitor storage to power multiple electric… Continue reading Hyperion XP-1 hydrogen-powered supercar makes public debut
Learn About the Flying Eye Hospital and How it’s Helping to Combat Avoidable Blindness and Vision Loss
NEW YORK, Nov. 17, 2022 /PRNewswire/ — BACKGROUND:Avoidable blindness and vision loss affect about 1.1 billion people globally, but a staggering 90% of these cases are completely avoidable, meaning they could be treated or prevented with the right care. Orbis International, a global eye care nonprofit, fights avoidable blindness by training eye care professionals in… Continue reading Learn About the Flying Eye Hospital and How it’s Helping to Combat Avoidable Blindness and Vision Loss
Crypto lender Genesis had sought emergency loan of $1b, per reportGenesis Global Capital suspended customer redemptions in its lending business on Wed…
Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a confidential fundraising document. The document viewed by the Journal cites a “liquidity crunch due to certain illiquid assets on its balance sheet” at Genesis. On Wednesday, Genesis Global Capital suspended customer redemptions in its lending business, citing… Continue reading Crypto lender Genesis had sought emergency loan of $1b, per reportGenesis Global Capital suspended customer redemptions in its lending business on Wed…
World Bank’s IFC eyeing sector fund opportunities in APAC
World Bank Group member International Finance Corporation (IFC) is on the lookout for sector-focused opportunities such as climate change, circular economy, logistics, and mobility as it seeks to deepen its portfolio in the Asia-Pacific, said a senior executive to DealStreetAsia. IFC – also the world’s largest development institution focused on the private sector in emerging… Continue reading World Bank’s IFC eyeing sector fund opportunities in APAC
Google in talks to top up in Indian hyperlocal delivery platform Dunzo
Alphabet Inc’s Google, which is already an investor in hyperlocal delivery startup Dunzo, is in talks to make an additional investment in the company, multiple sources privy to the development told DealStreetAsia. While the amount Google is looking to invest in Dunzo could not be ascertained, negotiations between the two firms are understood to be… Continue reading Google in talks to top up in Indian hyperlocal delivery platform Dunzo
Cool Japan Fund to invest $10m in Vietnam-based Pizza 4P’s
Tokyo-based private equity firm Cool Japan Fund (CJF) will invest around $10 million in 4P’s Holdings Pte Ltd, which operates Vietnam-based restaurant chain Pizza 4P’s, per an announcement. Concurrently, Vietnam-focused PE firm Mekong Capital has exited its investment in 4P’s to CJF and three other companies in a transaction completed last month, showed regulatory filings… Continue reading Cool Japan Fund to invest $10m in Vietnam-based Pizza 4P’s
Asia Inc looks to score the perfect goal at Qatar World Cup
Asia has never had a bigger presence at a World Cup than it will this year, either on or — by a more significant margin — off the field. A record six Asian teams will compete in the quadrennial soccer tournament, which kicks off in Qatar on Sunday, out of a total of 32. Asia-based companies,… Continue reading Asia Inc looks to score the perfect goal at Qatar World Cup
Buyout firm Carlyle seeks $1.6b for second renewable energy fund
Carlyle Group Inc is seeking at least $1.6 billion for its second private equity fund that will invest in assets focused on renewable energy and sustainability, according to people familiar with the matter. The Washington, D.C.-based firm began amassing capital this year for the new fund, dubbed Carlyle Renewable & Sustainable Energy Fund II, the sources said. If it meets its fundraising target, it would be double the size of its predecessor fund, the Carlyle Renewable & Sustainable Energy Fund, which… Continue reading Buyout firm Carlyle seeks $1.6b for second renewable energy fund
GM says supply chain issues won’t affect EV profitability by 2025
General Motors says supply chain constraints won’t hinder the automaker’s goal of reaching electric vehicle profitability by 2025. GM expects its EV portfolio to have “the same margin profile” as its internal combustion engine portfolio over the next three years once factoring in U.S. tax credits for cars and trucks, CEO Mary Barra said Thursday… Continue reading GM says supply chain issues won’t affect EV profitability by 2025