Author: Admin

[LONDON] A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker BYD.Against the blackened night, the glowing orbs outlined an image of the new Dolphin Surf in front of classic Roman landmarks such as the Colosseum, St Peter’s Basilica and the Pantheon – a cinematic nod to the Fiat 500 and the postwar lifestyle it came to symbolise. The message was as clear as it was audacious: BYD had arrived with an electric vehicle (EV) for the masses, a market segment its European…

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WASHINGTON — The U.S. State Department said Wednesday it is restarting the suspended process for foreigners applying for student visas but all applicants will now be required to unlock their social media accounts for government review.The department said consular officers will be on the lookout for posts and messages that could be deemed hostile to the United States, its government, culture, institutions or founding principles.In a notice made public Wednesday, the department said it had rescinded its May suspension of student visa processing but said new applicants who refuse to set their social media accounts to “public” and allow them…

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Melissa Rohlin FOX Sports NBA Writer Jeanie Buss is used to being underestimated. She’s one of two female majority owners in the NBA and her resume includes posing for Playboy in 1995. She stands out in every room, where whiffs of sexism and accusations of nepotism have shrouded her career since her father, the late Los Angeles Lakers owner Jerry Buss, died in 2013, leaving her to oversee the business side of the team and become its governor. Along the way, Buss emphatically quieted the misperceptions, proving that she has the toughness to fire family members, the courage to gamble on big…

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NEW DELHI :Omnicom Media’s India chief was frustrated. It was October 5, 2023 and a rival was trying to poach the U.S. firm’s client by offering lower prices, just weeks after global advertising agencies and broadcasters struck secret pacts on ad rates in the South Asian country.The attempt to woo the client violated the agencies’ agreement, Omnicom Media’s India CEO Kartik Sharma wrote in a WhatsApp group comprising a who’s who of advertising, according to excerpts of the discussion documented by antitrust investigators and verified by Reuters.”This kind of practice is not in the spirit of what we are collectively…

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[SINGAPORE] Fortunes are diverging in the local dining scene, with restaurant takings on the decline but other food and beverage (F&B) outlets seeing some recovery, based on official data.Maybank co-head of macro research Chua Hak Bin said: “Consumers are downtrading to cheaper food options, like food courts and fast food chains, from restaurants.”Sales of Chinese restaurant Ka-Soh, for instance, fell about 15 per cent since January. Weekday deliveries have plunged from six a day to just one, said owner Cedric Tang.From January to April, restaurant sales fell 20.1 per cent with a consistent downward trend, based on the government’s Food…

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[LOS ANGELES] The Los Angeles Lakers are being sold in a record-breaking US$10 billion deal that makes the iconic franchise the highest-valued sports team in US history, ESPN reported on Wednesday.The report said the Lakers owners, the Buss family, would sell their controlling interest in the team to billionaire Mark Walter, who already owns a stake in the franchise.While Jeanie Buss would continue as Lakers governor, the deal ends the Buss family’s 47-year reign over the NBA giants.Walter is the chief executive of holding company TWG Global which has built an impressive portfolio of professional sports teams, including the Los Angeles…

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TOKYO: The US government’s ownership of a golden share in US Steel will not block Nippon Steel from taking any management action that it deems appropriate, the Japanese steelmaker’s CEO said on Thursday (Jun 19). Eiji Hashimoto was speaking at a press conference in Tokyo a day after Japan’s top steelmaker closed its US$14.9 billion acquisition of US Steel, confirming the companies agreed to give the US government unusual power, helping to end Nippon Steel’s 18-month struggle to reach a deal. The national security agreement inked with the Trump administration hands the government a non-economic golden share and gives the…

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[PARIS] Over the past few decades, the European Union has been relegated from global technology player to passive consumer of technologies developed elsewhere. Today, 80 per cent of the technologies and services Europe needs for its digital transformation are designed and manufactured beyond its borders, mostly in the United States and China. So deep is this consumer mindset that it has even shaped the philosophy behind our laws: the goal of recent tech regulations such as the Digital Services Act and the Digital Markets Act was to protect Europeans as consumers, by keeping us safe online and ensuring fair competition.To…

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