Wedbush holds $600 Tesla target despite disappointing Q1 deliveries

Wedbush analyst Dan Ives reaffirmed his Outperform rating and $600 price target for Tesla on Thursday, looking past disappointing first-quarter deliveries to focus on the company's pivot toward autonomous driving, robotaxis, and robotics. "While the delivery numbers were quite disappointing, this was not a surprise to us given the......

China's Tianlong-3 rocket fails on maiden flight

China's most powerful privately developed rocket, the Tianlong-3, failed on its maiden flight Friday after suffering an in-flight anomaly, dealing a setback to the country's ambitions to rapidly deploy satellite megaconstellations capable of rivaling SpaceX's Starlink network. The Tianlong-3, built by Beijing-based startup Space......

Canadian finance minister emphasizes supply chain integrity in China meeting

Canada’s Finance Minister François-Philippe Champagne met with Chinese officials on Friday to discuss trade and financial cooperation, highlighting the importance of supply chain integrity. The discussions focused on the financial services sector, as well as trade in energy and pork, with the goal of increasing Canada’s......

Chinese Politburo member Ma Xingrui under investigation for corruption

Ma Xingrui, a member of China’s elite Politburo, is under investigation for suspected “serious violations of law and discipline,” authorities announced on Friday. Ma also serves as the deputy leader of the Central Rural Work Leading Group. The Central Commission for Discipline Inspection, China’s top anti-graft watchdog,......

Morocco-China alliance boosts Africa’s future energy ambitions

A strategic partnership between Marita and Gotion High-Tech highlights Morocco’s growing role as a regional energy hub, with a focus on storage technologies and industrial expansion across Africa. As global energy systems undergo rapid transformation, Morocco is positioning itself at the forefront of innovation by strengthening ties......

Fossils in China push back origins of complex animal life by millions of years

A cache of more than 700 fossils unearthed in southwestern China has shown that complex animal life was already diversifying millions of years before the celebrated Cambrian explosion, according to a study published Thursday in the journal Science. The discovery, from a site known as the Jiangchuan biota in Yunnan province, includes specimens......

Concerns grow over detentions of Panama-flagged vessels in China

Tensions in global maritime trade have risen after reports of detentions of Panama-flagged vessels in China, prompting concern from international stakeholders. Marco Rubio expressed alarm over the situation, warning that such actions could raise questions about the use of economic measures in international disputes. The remarks follow increased......

Iran war threatens Asia's AI boom as energy costs surge

Asia's artificial intelligence ambitions face a significant test as the conflict in Iran drives up energy prices, strains supply chains, and raises production costs across the region's semiconductor industry, even as chip exports reach historic highs. South Korea's semiconductor exports jumped 151.4% year-on-year in March to a......

BYD international sales surge 65% as oil crisis drives global EV demand

BYD, the world's largest electric vehicle maker, reported international sales of 120,083 vehicles in March, a 65 percent increase from the prior year, as oil prices inflated by the Iran conflict push consumers worldwide toward electric cars. The strong export figures come even as BYD's total domestic sales continue to decline year-on-year,......

China expands digital yuan programme with 12 new banks

China’s central bank has broadened its digital yuan programme by authorizing 12 additional banks to operate the national digital currency, the People's Bank of China (PBOC) said. This expansion raises the total number of banks able to handle the digital yuan to 22. Among the newly approved operators are China CITIC Bank, China Everbright......

Chinese stocks and bonds outperform global peers as Iran war reshapes energy markets

More than a month into the American-Israeli military campaign against Iran, China is absorbing the economic shock of oil supply disruptions and soaring energy costs, yet a growing number of analysts argue that the world's second-largest economy may be better positioned than most to weather the storm, and could emerge from the crisis with......

Brazil floods the market and eases Singapore's bunkering crisis

A surge in Brazilian heavy fuel oil exports to Southeast Asia in March has helped relieve a severe bunker fuel supply crisis at Singapore, the world's largest ship refueling hub, after weeks of war-related disruptions strangled flows through the Strait of Hormuz, according to Reuters and maritime data trackers. Spot premiums for bunker......

China backs lawful global tech deals amid scrutiny of Meta acquisition

China has reaffirmed its support for international business and technology partnerships, emphasizing that cross-border deals must comply with national laws and regulatory frameworks. The statement comes amid scrutiny surrounding a reported acquisition by Meta involving a Chinese artificial intelligence startup. A spokesperson for China’s......

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.