Chinese EV brands Nio, Xpeng, Li Auto keep pace with Q3 guidance
Pictured here is a Nio pop-up store in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese electric car companies Nio, Xpeng and Li …
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What it means for other pharma deals
Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move …
Mercedes to launch smaller version of G Class luxury SUV
Mercedes plans to launch a smaller version of its high-end G Class sports utility vehicle, the German carmaker’s CEO told CNBC in an interview Sunday. The G Class, a rugged …
Tax Evasion: OECD model to boost real estate tax transparency
NEW DELHI: The OECD on Friday released a possible framework for enhancing tax transparency in real estate, which is seen as a source of leakage and money laundering, and also …
The CEO of engineering group ABB is ‘pretty pessimistic’ on China
The CEO of Swedish-Swiss multinational industrial and engineering group ABB said he has been “disappointed” by the state of the Chinese market, adding he expects conditions will prove challenging for …
Europe’s biggest carmakers brace for China’s EV challenge
BMW CEO Oliver Zipse speaks during the presentation of the new BMW “New Class” during an event ahead of the IAA motor show in Munich. Picture Alliance | Picture Alliance …
Startups: Assessee company needs to prove investor credentials: Income Tax dept
NEW DELHI: The income tax department on Friday said that the burden of proof to establish the creditworthiness of an investor is on the company whose returns are being assessed. …
BMW, Mercedes reveal electric concept cars: Specs, features, details
The Mercedes-Benz Concept CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker’s push into electric cars. Mercedes-Benz Mercedes-Benz and BMW took …
Big pharma blockbuster obesity drug battle is headed for $100 billion
Ozempic drug to treat diabetes. Courtesy: Ozempic In their most recent earnings reports, Novo Nordisk and Eli Lilly proved why they are the undisputed heavyweights in the prizefight for control …
How Sony’s Hawk-Eye works at the U.S. Open
Since 2022, the U.S. Open has had no line judges. Instead, the tournament uses Hawk-Eye Live, an electronic line-calling system, to determine whether a tennis shot is in or out. …