In Beijing’s backyard, the United States demonstrates its military might

In Beijing’s backyard, the United States demonstrates its military might

ABOARD THE NIMITZ, SOUTH CHINA SEA, Jan 27 (Reuters) – For a few hours under gray skies, dozens of fighter jets and helicopters roar on and off the flight deck of the aircraft carrier Nimitz, in a show of American military might in some of the most contested waters in the world. MH-60 Seahawk helicopters … Read more

Musk describes Tesla’s recession book: cost recovery

Musk describes Tesla’s recession book: cost recovery

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved 6 Million For Seized Crypto Exchange Bitzlato, Data Shows

LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato … Read more

Exclusive: Geely plans to turn London black cab maker into powerhouse

Exclusive: Geely plans to turn London black cab maker into powerhouse

COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which … Read more

Russian warship armed with hypersonic missiles will take part in exercises with China and South Africa

Russian warship armed with hypersonic missiles will take part in exercises with China and South Africa

Jan 23 (Reuters) – A Russian warship armed with next-generation hypersonic cruise weapons will take part in joint exercises with the Chinese and South African navies in February, Russian state news agency TASS said on Monday. This was the first official mention of the participation of the frigate “Admiral of the Fleet of the Soviet … Read more

Chinese pray for health during Lunar New Year as COVID death toll rises

Chinese pray for health during Lunar New Year as COVID death toll rises

BEIJING, Jan 22 (Reuters) – China marked the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as authorities reported nearly 13,000 new deaths caused by the virus between January 13 and 19. Queues stretched for about a kilometer (half a mile) … Read more

Amazon’s AWS to invest $35 billion in Virginia

Amazon’s AWS to invest  billion in Virginia

WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more

Year of the Rabbit? Not so fast! Vietnamese Lunar New Year to celebrate the cat

Year of the Rabbit?  Not so fast!  Vietnamese Lunar New Year to celebrate the cat

HANOI, Jan 20 (Reuters) – As China, Japan and other East Asian countries prepare to celebrate the start of the Lunar Year of the Rabbit on Sunday, the Vietnamese people will be an exception – welcoming instead the year of the cat. There is no official explanation as to when and why the Vietnamese adopted … Read more