Chinese electric car maker Li Auto has said it plans to raise as much as $1.9bn (£1.4bn) in a secondary listing of its shares in Hong Kong. Shares in the Tesla rival are already traded on the Nasdaq stock market in New York. Li Auto is the latest Chinese company to raise money closer to […]
Coronavirus pandemic Video-conferencing firm Zoom has agreed to pay $86m (£61.9m) to settle a class action privacy lawsuit in the US. The lawsuit alleged that Zoom had invaded the privacy of millions of users by sharing personal data with Facebook, Google and LinkedIn. It also accused Zoom of misstating that it offers end-to-end encryption […]
Profits at banking giant HSBC more than doubled in the first half of the year as it benefited from an economic rebound in Britain and Hong Kong. Europe’s biggest bank by assets saw pre-tax profit for the period rise to $10.8bn (£7.8bn), compared to $4.3bn for the same time last year. The UK-based bank said […]
House prices are soaring in Australia’s state capitals as all-time low interest rates and a lack of properties on the market drive up valuations. Six cities have seen record prices for the third quarter in a row, according to a report by real estate site Domain. It also said Sydney, Canberra, Hobart and Darwin have […]
BBC News Business Market Data New Economy New Tech Economy Companies Entrepreneurship Technology of Business Business of Sport Global Education Economy Global Car Industry Tech giants’ profits soar as pandemic boom continues Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled […]
Shares of Chinese companies listed in the US have seen their biggest two-day fall since the 2008 financial crisis. The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese stocks, has fallen by almost 15% in the last two trading sessions. The index has now plummeted by more than 45% since hitting […]
Shares in Indian food delivery app Zomato have soared by more than 80% in their stock market debut. The listing was pushed forward by four days and comes as India’s stock market nears all-time highs. The stellar performance reflected strong investor interest in internet-based start-ups that have done well during the pandemic. In the run […]
The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over Europe. The near-complete 1,230km (764 miles) pipeline under the Baltic Sea will double Russian gas exports to Germany. US official Victoria Nuland said it was “a bad pipeline”, but said […]
By Joe Tidy Cyber security reporter, BBC News How much personal information do you share on your social media profile pages? Name, location, age, job role, marital status, headshot? The amount of information people are comfortable with posting online varies. But most people accept that whatever we put on our public profile page is out […]
The US has issued a warning to firms over the risks of doing business in Hong Kong after China imposed a new national security law there last year. A new business advisory tells multinational firms that they are subject to the laws and that their people could be arrested under them. Other risks may include having […]
