Business - Breshly News

Life atop China’s car market starting to look shaky for BYD

admin — Mon, 21 Jul 2025 06:06:10 +0000

Life at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon. BYD Co.’s monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases, that trajectory isn’t expected to reverse any time soon. Discounting is also now being looked...

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Some Cities in China Are Advertising Exclusive Subsidies for Huawei-Powered Cars

admin — Sun, 20 Jul 2025 06:05:13 +0000

WIRED contacted Huawei to ask about its potential role in the subsidies. Huawei did not comment in time for publication. One of the earliest subsidies appeared online in March, when the Commerce Bureau of Shenzhen Longgang District—the district where Huawei’s headquarters are located—posted that local car buyers can get up to 4,000 RMB (about $560)...

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Former Astronomer CEO weighs in after executives caught on concert Kiss Cam

admin — Sat, 19 Jul 2025 06:04:07 +0000

Coldplay frontman Chris Martin wondered if a couple was having an affair after he caught them on the ‘Kiss Cam’ during his concert. (Video credit: @calebu2/TMX) After a video of Astronomer CEO Andy Byron and HR head Kristin Cabot canoodling at a Coldplay concert went viral on social media, former CEO Ry Walker weighed in...

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Ashok Leyland bonus shares get credited to demat accounts; stock drops marginally

admin — Fri, 18 Jul 2025 06:03:15 +0000

Ashok Leyland shares traded with a marginal dip following the completion of its bonus share allotment. The company issued bonus shares at a 1:1 ratio, granting shareholders one extra share for every share held. This initiative, intended to enhance liquidity and reward shareholders, did not change the company’s overall market capitalisation but doubled the total...

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NTT DC REIT’s flat trading debut shows Singapore’s struggle to revive a ‘lackluster’ stock market

admin — Thu, 17 Jul 2025 06:02:10 +0000

NTT DC REIT’s IPO was supposed to be a shot in the arm for Singapore’s flagging equity market, decried by analysts as “lackluster” due to its lack of growth stocks and tiny number of listings. NTT’s IPO had everything: It was oversubscribed, boasted sovereign wealth fund GIC as a cornerstone investor, and was tied to...

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Trump reaps $50bn tariff haul as world ‘chickens out’

admin — Wed, 16 Jul 2025 06:01:34 +0000

America’s trading partners have largely failed to retaliate against Donald Trump’s tariff war, allowing a president taunted for “always chickening out” to raise nearly $50bn in extra customs revenues at little cost. Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington...

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What Makes a Car Lovable? It’s Not the Tech, It’s the Cup Holders

admin — Tue, 15 Jul 2025 06:01:01 +0000

Nearly 100,000 car buyers of 2025 model-year autos were asked what they thought of their gleaming new rides. The results are revealing, to say the least. Want to know who was the worst performer? That ignominy goes to Audi, with an embarrassing 269 problems reported per 100 vehicles. However, one of the most interesting discoveries...

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Elon Musk’s SpaceX to invest $2 billion into his xAI startup, report

admin — Mon, 14 Jul 2025 06:00:12 +0000

O’Leary Ventures Chairman Kevin O’Leary stresses the importance of policy following Zohran Mamdani’s NYC mayoral victory, President Donald Trump and Elon Musk’s relationship, the ‘big, beautiful bill’ and the state of TikTok. SpaceX is investing $2 billion into xAI, Elon Musk’s artificial intelligence company, as part of a $5 billion equity round, according to a...

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Foreign Portfolio Investors: FPI outflows at Rs 1 lakh crore in 2025 so far; Rs 555 crore pulled out in July alone

admin — Sun, 13 Jul 2025 05:59:19 +0000

For 2025 so far, inflows show a negative figure of Rs 1,00,443 crore, highlighting sustained selling pressure from foreign investors, especially during January and February. In the latest sign of weakness, Foreign Portfolio Investors (FPIs) have pulled out Rs 555 crore from Indian equities in July up to the 11th, according to NSDL data. This...

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OpenAI’s $3 billion deal with AI coding startup Windsurf collapses, as Google swoops in for licensing deal

admin — Sat, 12 Jul 2025 05:58:02 +0000

Google has struck a licensing deal with coding startup Windsurf, upending OpenAI’s $3 billion offer to acquire the startup after the clock on the deal’s exclusivity period expired. The deal with Google means that Windsurf will continue to operate as an independent startup while key members of the team join Google, a source familiar with...

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