AFP
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Musk visits Tesla's sabotage-hit German factory
Elon Musk travelled Wednesday to Tesla's factory near Berlin to lend his workers "support" after the plant was forced to halt production by a suspected arson attack on nearby power lines. With his son X AE A-XII in his arms, Musk said: "I am here to support you."
Wronged UK postmasters to have convictions quashed
Britain's government was set to unveil legislation Wednesday to exonerate hundreds of UK Post Office workers wrongly prosecuted over faulty computer software, in one of the country's worst miscarriages of justice.
What is ByteDance, the TikTok parent in US crosshairs?
From its birth in a Beijing apartment 12 years ago, ByteDance grew into one of the world's biggest tech firms -- best known in most countries as the creator of TikTok. When asked during a US congressional hearing in March last year if a Chinese official was on the Beijing ByteDance Technology board, TikTok CEO Shou Zi Chew said "I believe so".
Australian wine industry toasts expected end to China tariffs
The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease. Industry body Grape and Wine's chief executive Lee McLean welcomed the indication of tariff relief.
China warns proposed TikTok ban will 'come back to bite' US
Beijing warned on Wednesday that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States". "In the end, this will inevitably come back to bite the United States itself," Wang said.
Volkswagen's 2023 profits rise, outlook for this year cautious
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year. Looking ahead, the German auto giant expects vehicle deliveries to advance in 2024, but by up to just three percent, due to tougher international competition and potential supply chain problems.
Cathay Pacific 'is back' with first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation. "The year was characterised by a notable surge in travel demand following three years of pandemic-related restrictions."
Cathay Pacific reports first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" following the pandemic.
Most markets track Wall St gains as US data fails to damp rate hopes
Asian markets mostly rose in line with Wall Street on Wednesday as forecast-beating US inflation data did little to dent expectations that the Federal Reserve will begin cutting interest rates this year.
AFP
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