Bertelsmann Posts Record Full-Year Profit Despite Flat Revenue:
hollywoodreporter.com/business/business-news/bertelsmann-2023-full-year-earnings-revenue-1235860048/
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| Last Updated | Mar 26 |
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BYD releases last year’s profit report, and it falls a little short: Chinese EV giant BYD just released its 2023 annual profit report, and it looks like it ...
electrek.co/2024/03/26/byd-releases-last-years-profit-report-and-it-falls-a-little-short/
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BYD releases last year’s profit report, and it falls a little short: Chinese EV giant BYD just released its 2023 annual profit report, and it looks like it ...
electrek.co/2024/03/26/byd-releases-last-years-profit-report-and-it-falls-a-little-short/
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bloomberg.com/news/articles/2024-04-26/china-offers-drivers-up-to-1-380-to-trade-in-their-old-cars
Country Garden Extends Bonds to Avoid First Local Default: Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader ...
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Asia’s central bankers struggle to contain strong US dollar: Shifting US interest rate expectations put pressure on Japan’s yen and China’s renminbi
ft.com/content/ad6c7827-a476-412d-899f-a1a12845b6e5
Development up to 2040: Where the population in Germany is growing - and where it is shrinking
faz.net/aktuell/gesellschaft/menschen/wo-die-bevoelkerung-in-deutschland-bis-2040-waechst-und-wo-sie-schrumpft-19640517.html
Tesla cuts prices in US, China and Germany as competition heats up: Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices ...
cnn.com/2024/04/22/cars/tesla-price-war-china-germany-us-intl-hnk/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
Quick Glance: Tesla responds to declining sales with global price reductions
- Tesla has lowered prices in various key markets, including China and Germany, to address the declining sales and increasing price competition for electric vehicles.
- The recent price reductions come in light of a decrease in Tesla's global vehicle deliveries in the first quarter, marking the first time in nearly four years.
- The starting price of the revamped Model 3 in China was reduced by 14,000 yuan to 231,900 yuan. Similarly, in Germany, the price of the rear-wheel-drive Model 3 was decreased from 42,990 euros to 40,990 euros.
- In addition to the mentioned price cuts, there were reductions in many other countries across Europe, the Middle East, and Africa. Prices for the Model Y, Model X, and Model S vehicles in the US were decreased by $2,000. Moreover, Tesla slashed the price of its Full Self-Driving Software in the US from $12,000 to $8,000.
China’s Big Data Release to Show If Economy Rebounded
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China's cycle of dollar hoarding and weakening yuan gets vicious: Chinese businesses are hoarding dollars because they expect their own currency to weaken ...
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China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
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Enquête de la Fondation Bertelsmann : étude : les partis perdent le centre de la société
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China Real Estate Crisis: Private Builders Face $553 Billion Gap to Finish Homes: Chinese private developers face a 4 trillion yuan ($553 billion) funding gap to ...
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Tesla’s closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market
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Chinese authorities are now addicted to traffic fines: What that tells you about the country’s economic woes
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Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
Climate-damaging subsidies: How the state rewards CO₂ emissions: Researchers have calculated how many billions of euros the state is spending on CO₂ emissions ...
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Germany as a business location: How company heirs defend their assets: Whether at Bertelsmann or Viessmann, heirs have to lead their companies into the next era ...
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Chinese EV start-ups Nio and Xpeng turn to the mass market for growth: Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the ...
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Survey alert! Traffic lights lose dramatically among low-income people: An investigation by the Bertelsmann Foundation brings bitter results ...
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China Brokers Woo ‘Snowball’ Derivative Buyers With 40% Returns After Stock Rout: Chinese securities firms are dangling near record-high returns to lure ...
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Tesla slashes China prices nearly $2,000, in line with US cuts: Tesla has lowered prices by close to $2,000 for its vehicle lineup in China following similar ...
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China to facilitate Hong Kong IPOs and expand Stock Connect: China will facilitate Hong Kong listings by leading Chinese companies and expand the Stock Connect ...
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China's weak yuan forces central bank to hold rates steady: BEIJING -- China's central bank has kept key lending rates unchanged again as its monetary ...
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More university graduates in China turning to smaller cities for employment: Report
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Tibetans say compensation for Chinese land grab is too low: 4 protesters who were arrested are released, but say they were beaten.
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Ex-employees feel rejected by Gütersloh-based company Bertelsmann: Veteran employees of the media group are suddenly supposed to destroy their company ID cards ...
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Chinese couple abandons baby with nanny for $55mn inheritance from ex-partner : In China, a couple left their baby with a nanny, citing a large inheritance of ...
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Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
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Global firms with China units tempted by cheaper renminbi funding: Global companies with China businesses are increasingly issuing renminbi debt to finance ...
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Population growth is increasing, but Germany is still getting older: Population growth in Germany, just not in the east. A study by the Bertelsmann Foundation ...
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This is how much Berlin will grow by 2040: View of Berlin
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From consumption to tourism, China’s middle class holds the key to revving up economic engine, but can they turn it?
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BYD unveils new low-cost ‘interstellar chariot’ electric SUV complete with a drone landing
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The Hartford Financial Services Group, Inc. (HIG) Q1 2024 Earnings Call Transcript
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China couple abandon baby with nanny after claiming they will receive US$55 million inheritance from woman’s ex
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Pig numbers continue to decline: After pig farmers suffered heavy losses last year, pig populations in the People's Republic of China are now being reduced ...
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Population decline: Hamm faces major challenges: The Bertelsmann Foundation predicts a population decline for Hamm
wa.de/hamm/hamm-vor-grossen-herausforderungen-stiftung-prognostiziert-bevoelkerungsrueckgang-92995973.html
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