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MOTORING

Tesla failed to fix autopilot after fatal crash, engineers say

Bloomberg News, Published on 17/08/2023

» SAN FRANCISCO - Tesla Inc failed to fix limitations in its Autopilot system following a gruesome Florida crash that killed a driver in 2016, company engineers said in a family’s lawsuit over a very similar 2019 fatal collision that is headed to a jury trial.

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GENERAL

PTTEP to boost gas production to avoid new price shock

Bloomberg News, Published on 15/08/2023

» Thailand’s largest natural gas producer is ramping up output to avoid a renewed power crisis.

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WORLD

China finance giant’s missed payments alarm regulators, markets

Bloomberg News, Published on 14/08/2023

» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.

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GENERAL

Thailand pushes yuan, ringgit use to curb baht volatility

Bloomberg News, Published on 08/08/2023

» Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.

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WORLD

China’s top option for next naval base is Sri Lanka

Bloomberg News, Published on 28/07/2023

» BEIJING: Sri Lanka tops the list of nations that may host a Chinese naval base in the coming years as Beijing seeks to expand its maritime capabilities, according to a new report.

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TECH

Musk explains why he’s dumping Twitter name, iconic bird logo

Bloomberg News, Published on 25/07/2023

» LOS ANGELES: Elon Musk has explained his decision to strip Twitter of its famous blue-bird logo as a move to remake the business into a broad platform for communications and financial transactions, a target he’s described as the everything app.

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GENERAL

Alibaba injects $845m into SE Asia unit Lazada

Bloomberg News, Published on 20/07/2023

» SINGAPORE: Alibaba Group Holding Ltd injected US$845 million into Lazada, its online retail business in Southeast Asia that is facing intensifying competition from rivals such as Sea Ltd and Amazon.com Inc.

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MOTORING

Geely to invest $10b in Malaysia

Bloomberg News, Published on 18/07/2023

» KUALA LUMPUR: Chinese automaker Geely plans to invest US$10 billion to turn Tanjung Malim in Malaysia’s Perak state into the region’s largest auto hub, according to Prime Minister Anwar Ibrahim.

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BUSINESS

Regulator files fraud charges against Stark

Bloomberg News, Published on 06/07/2023

» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.

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BUSINESS

Stocks to rebound on government optimism - analysts

Bloomberg News, Published on 04/07/2023

» Thailand’s stocks may rebound in the fourth quarter as the appointment of a new government will likely bolster optimism about the prospects of fiscal stimulus spurring sluggish economic growth, according to a survey of analysts.