Philippine conglomerate Udenna Corp, owned by a close associate of the country’s former president, said on Monday its subsidiary had paid a debt to avert a default on other loans, helping shares in its related firms to stem huge earlier losses. Udenna, one of the country’s fastest growing companies, said its subsidiary, a land lease firm at… Continue reading PH’s Udenna Corp denies debt default as shares in units slide
Category: Tech News
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China plans to set up $44b fund to tackle real estate crisis
China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. The size of the fund would initially be set at 80 billion yuan through support from China Construction Bank and the People’s Bank of China (PBOC), the person, who declined to be identified due to the sensitivity of… Continue reading China plans to set up $44b fund to tackle real estate crisis
Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
Lack of charging infrastructure can give a Tesla Uber driver the blues. By Adam Nelson, as told to David Waterworth For over 6 years, I have provided transportation services for Uber, Didi, Ola, and my own business, while accepting various other rideshare bookings. Last year, I purchased a Tesla Model 3 Standard Range. I have… Continue reading Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
Clean Tecnica: Tesla Gets Its Own Lane At Mexican Border Crossing 002129
Ever since Tesla moved its headquarters to Texas and started producing cars at its factory near Austin, it has added a number of suppliers in the Mexican state of Nuevo Leon. While that state is quite large, it has only a nine-mile long border with Texas and just one border crossing. Ivan Rivas, the economic… Continue reading Clean Tecnica: Tesla Gets Its Own Lane At Mexican Border Crossing 002129
Russian Chess Robot Breaks Child’s Finger During Tournament
A chess robot playing three games at once broke a 7-year-old boy’s finger in a tournament that ended Thursday. Russian-language news outlet Baza, which is state-owned, posted video footage of the moment to its Telegram channel and said the boy suffered a fracture but is otherwise okay. Twitter netizens then nabbed the footage and uploaded… Continue reading Russian Chess Robot Breaks Child’s Finger During Tournament
WHO Declares World Health Emergency Over Monkeypox
Image by Getty The World Health Organization officially declared a global health emergency over monkeypox. Yesterday, WHO director general Dr. Tedros Adhanom Ghebreyesus overruled a panel that couldn’t come to a consensus, and published a lengthy statement online following the meeting, during which he declared monkeypox a “public health emergency of international concern.” The virus… Continue reading WHO Declares World Health Emergency Over Monkeypox
HBO Max will begin streaming ‘Game of Thrones’ in 4K HDR next month
Ahead of the debut of House of the Dragon on August 21st, HBO Max will begin streaming all eight seasons of Game of Thrones in 4K. HBO parent company Warner Bros. Discovery announced the news this week in a programming notice spotted by FlatpanelsHD (via The Verge). The company said all eight seasons would also… Continue reading HBO Max will begin streaming ‘Game of Thrones’ in 4K HDR next month
Marvel’s new Disney+ ‘Daredevil’ series will arrive in 2024
It’s official. Nearly four years after Netflix canceled Daredevil and the series more recently made its way over to Disney+, Disney confirmed it’s developing a new 18-episode live-action TV show starring the blind superhero. On Saturday, Marvel announced Daredevil: Born Again and shared that stars Charlie Cox and Vincent D’Onofrio would reprise their roles as Daredevil… Continue reading Marvel’s new Disney+ ‘Daredevil’ series will arrive in 2024
Apple Watch ‘Pro’ will reportedly introduce first series redesign since 2018
Details about Apple’s upcoming high-end variant of the Apple Watch Series 8 have been trickling out in recent weeks. According to a report Bloomberg’s Mark Gurman published at the start of the month, the wearable will feature the largest display Apple has ever shipped on a smartwatch. As a result, it may also include a… Continue reading Apple Watch ‘Pro’ will reportedly introduce first series redesign since 2018
China-focused BAI Capital raises $700m for latest PE fundThe latest vehicle adds to BAI’s more than $3 billion in funds under management.
China-focused fund manager BAI Capital, formerly Bertelsmann Asia Investments, has announced the final close of its latest private equity (PE) fund and its related investment vehicles at $700 million. The fund, BAI Capital Fund I, was launched in December 2019. BAI did not specify the target corpus for the fund but said the amount raised… Continue reading China-focused BAI Capital raises $700m for latest PE fundThe latest vehicle adds to BAI’s more than $3 billion in funds under management.