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Business

Hyundai, Kia say Apple car deal now off, see $8.5 billion wiped off market value

By brxdesigncom February 21, 2021February 15, 2021

South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with…

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Business

Porsche to set up assembly plant in Malaysia

By brxdesigncom February 20, 2021February 15, 2021

German sports car maker Porsche AG is setting up an assembly plant in Malaysia under a partnership with trading conglomerate Sime Darby Bhd’s automotive business, The Edge Weekly reported citing…

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Business

Asian chipmakers rush to boost production to meet global shortage

By brxdesigncom February 19, 2021February 15, 2021

Asian chipmakers are rushing to expand their production capacity to meet a global shortage that has been acutely felt by carmakers, but the firms warn that the supply gap may…

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Business

Lawmakers challenge HSBC on Hong Kong activist’s accounts

By brxdesigncom February 18, 2021February 15, 2021

An international coalition of lawmakers has written to HSBC Holdings Chairman Mark Tucker, calling on the bank to unfreeze Hong Kong pro-democracy activist Ted Hui’s accounts. In a letter, the…

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Business

Angola moves to seize Dos Santos-linked asset in Dutch court

By brxdesigncom February 17, 2021February 15, 2021

Angola’s government says top officials under former president Jose Eduardo dos Santos took advantage of high oil prices in the last decade to spin a global web of business deals…

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Business

SoftBank’s Son hails ‘golden eggs’ as Vision Fund rallies

By brxdesigncom February 16, 2021February 15, 2021

SoftBank Group Corp Chief Executive Masayoshi Son boasted of delivering “golden eggs” on Monday, after his company’s Vision Fund unit rebounded from a loss to record an 844 billion yen…

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Business

Renesas boosts power and connectivity prowess with $6 billion Dialog deal

By brxdesigncom February 15, 2021February 15, 2021

Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and…

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