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Vietnamese EV maker Vinfast reports $550 million Q3 loss
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales. VinFast last year reported a net loss of $2.39 billion, up 14.7 percent from 2022.
Hello Kitty owner plunges 17% on sharesale plan
Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes. A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later.
Adani Group says it lost nearly $55 bn as US charges sparked rout
India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud. The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.
'Very, very slow': plastic treaty talks grind forward
Negotiations on a first global treaty to curb plastic pollution are moving "very, very slowly", diplomats and observers told AFP on Wednesday, threatening the chances of reaching an agreement.
Trump names trade envoy, top economic advisor to fill policy team
Donald Trump on Tuesday named Jamieson Greer his trade representative, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores.
To tackle plastic scourge, Philippines makes companies pay
Long one of the world's top sources of ocean plastic, the Philippines is hoping new legislation requiring big companies to pay for waste solutions will help clean up its act. She then sells them at a 25 percent mark-up to charity Friends of Hope, which works with PCX Solutions to process them.
German family winery taps into zero-alcohol trend
Alcohol-free drinks are becoming ever more popular, especially with health-conscious younger people -- a trend cheered by a small German winery based in a Rhine Valley castle. From its base in a small castle set amid vine-covered hills, the business has been making alcohol-free wine ever since, and three decades ago stopped producing alcoholic varieties altogether.
Paddington: the affable bear who became a lucrative business
Paddington, the affable clumsy bear from British children's books, has transformed into an international sensation over the past decade, thanks to a clever film strategy and with the help of the royal family.
Asian markets mixed as traders eye fresh trade tensions
Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs. Traders are keenly awaiting the release later Wednesday of the Fed's preferred gauge of inflation as well as figures on jobless claims and economic growth.
AFP
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