Yutong Bus, the world’s largest electric-bus maker, has unveiled a new technology platform that aims to boost driving ranges and cut operating costs, as it vies for a bigger slice of a growing market amid a decarbonisation push by public transport fleets worldwide. The company, based in Zhengzhou in China’s central Henan province, announced the…
The dollar rose in the aftermath of the Federal Reserve’s supersized rate cut, with traders waiting for decisions from the UK and Japanese central banks over the next 24 hours to assess their combined impact on markets. The greenback gained against virtually every major currency after the Fed delivered a half percentage point rate cut,…
washington — President Joe Biden has made it a priority to elevate the relationship of the Quad, four countries touched by the Indo-Pacific region, the White House said, as he prepares to host the leaders of Japan, India and Australia on Saturday at his Delaware home. The region stretches from the U.S. West Coast to…
With state government subsidies for electric vehicles slowly rolling back in Australia, there are concerns about whether Aussies will still be keen to buy them. (Source: LinkedIn/Getty) While the electric vehicle (EV) market has been getting stronger year-on-year in Australia, that trend could soon start to slow down as government subsidies fade away. Queensland has…
Tech billionaire’s comments earn rebuke from Australian officials. Tech billionaire Elon Musk has branded the Australian government “fascists” over proposals to fine social media companies that fail to stop the spread of misinformation online. Under proposals announced by Australia’s centre-left Labor government, platforms could be fined up to 5 percent of global annual revenue if…
Tech billionaire Elon Musk has labelled the Australian government as “fascists” over proposed new laws to crack down on digital misinformation, particularly on social media websites. Under the proposed legislation, which have yet to pass parliament, social media companies could be fined up to 5 per cent of their annual revenue if they fail to…