The chairman of Hong Kong’s Ocean Park has said its Water World facility lost about HK$200 million (US$25.7 million) in the last financial year, as he was grilled in the legislature over the state of his organisation’s finances despite a five-year high in attendance numbers. The tourism minister on Tuesday rejected calls for authorities to…
By Stephen Nellis (Reuters) – Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company’s ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday, part of $39 billion for the sector including Taiwan…
Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…
Electric vehicle (EV) dealers did brisk sales on the mainland during the “golden week” holiday, with the soon-to-end government subsidies pushing buyers to hasten their decisions. However, market observers warned of a slowdown in EV sales if the incentives are scrapped next year, just as they did in January 2023 when the subsidies were phased…
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…