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French oyster sales clam up as contamination scare spreads
When Philippe Le Gal brought his oysters to market this weekend, he expected them to sell quickly. Le Gal said what he called "scare-mongering" may even remove oysters from French tables indefinitely.
BYD: Chinese electric vehicle giant that has overtaken Tesla on sales
China's BYD has overtaken US electric vehicle giant Tesla as the world's leading EV deliverer, according to recent sales figures. Last year BYD became the first manufacturer to pass the five million milestone in EV production, crowning itself "the world's leading manufacturer of new energy vehicles".
Asia tracks global losses as stock traders step back after rally
Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data.
BYD overtakes Tesla for most EV sales
US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.
Somalia vows to defend sovereignty after Ethiopia-Somaliland deal
Somalia vowed on Tuesday to defend its territory by "any legal means" and recalled its ambassador to Ethiopia after Addis Ababa struck a controversial deal with the breakaway region of Somaliland. "We will defend our land with any legal means possible...
China's Baidu cancels $3.6 bn purchase of livestreaming site
Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval. Baidu, the country's top search engine company, agreed in 2020 to buy JOYY Inc's Chinese live video business YY Live for $3.6 billion.
New year gets off to a weak start as traders eye rate cuts
Asian markets slipped Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty. Despite the upbeat outlook on rates, Asian markets started the year with little fanfare, with Hong Kong and Shanghai extending their 2023 losses.
Ethiopia, Somaliland agree deal on port access
Ethiopia on Monday struck a "historic" agreement to secure a stake in the main port in Somalia's breakaway region of Somaliland as the landlocked country eyes more access to the sea, officials said. The agreement "shall pave the way to realise the aspiration of Ethiopia to secure access to the sea and diversify its access to seaport," the office said in a statement posted on X, formerly Twitter.
AFP
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