
Saving the dinosaurs: Startups drive to electrify fossil-fuel cars
You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or your Fiat 500 and Renault Clio, for that matter.

You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or your Fiat 500 and Renault Clio, for that matter.

Ireland’s central bank has fined Bank of Ireland (BIRG.I) 24.5 million euros ($27.8 million) over technology failures that the lender took more than a decade to fix.

The Cyberspace Administration of China (CAC) said on Thursday it had summoned and fined social media company Douban over unlawful release of information, as Beijing steps up efforts to control and “clean up” the internet space.

Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due to heavy capital inflows from global investors, a partner at venture capital firm Golden Gate Ventures told Reuters.

Grab, Southeast Asia’s biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.

European Union antitrust regulators fined Barclays (BARC.L), Credit Suisse (CSGN.S), HSBC (HSBA.L) and RBS (NWG.L) a total of 344 million euros ($390 million) on Thursday for rigging the foreign exchange spot trading market.

The White House’s delay in nominating the Federal Reserve’s new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank.

Apple Inc (AAPL.O) has told its parts suppliers that demand for the iPhone 13 lineup has slowed, Bloomberg News reported on Wednesday, citing people familiar with the matter, signaling that some consumers have decided against trying to get the hard-to-find item.

Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.

Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.

You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or your Fiat 500 and Renault Clio, for that matter.

Ireland’s central bank has fined Bank of Ireland (BIRG.I) 24.5 million euros ($27.8 million) over technology failures that the lender took more than a decade to fix.

The Cyberspace Administration of China (CAC) said on Thursday it had summoned and fined social media company Douban over unlawful release of information, as Beijing steps up efforts to control and “clean up” the internet space.

Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due to heavy capital inflows from global investors, a partner at venture capital firm Golden Gate Ventures told Reuters.

Grab, Southeast Asia’s biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.

European Union antitrust regulators fined Barclays (BARC.L), Credit Suisse (CSGN.S), HSBC (HSBA.L) and RBS (NWG.L) a total of 344 million euros ($390 million) on Thursday for rigging the foreign exchange spot trading market.

The White House’s delay in nominating the Federal Reserve’s new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank.

Apple Inc (AAPL.O) has told its parts suppliers that demand for the iPhone 13 lineup has slowed, Bloomberg News reported on Wednesday, citing people familiar with the matter, signaling that some consumers have decided against trying to get the hard-to-find item.

Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.

Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.
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