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Chinese property giant Vanke warns of huge loss, CEO resigns
Chinese property giant Vanke warns of huge loss, CEO resigns
by  AFP

Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to resign... owing to health reasons".

Troubled European carmakers to talk fines and EVs with EU
Troubled European carmakers to talk fines and EVs with EU
by  AFP

Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry struggling to cope with Chinese competition and climate rules. Italy's Industry Minister Adolfo Urso this week described the scheme as a "perfect storm" due to the potential for European firms to dodge EU fines by buying carbon credits from overseas EV-makers.

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