Stuff that matters
U.S. electric vehicle maker Tesla Inc (TSLA.O) sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed on Tuesday. Tesla’s December sales, which Read more
Cerberus’ sale this week of part of its sizeable holdings in Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE) is likely the first step to a full exit from the lenders by the U.S. investor, said two people with knowledge of the Read more
A German court will rule next week in a case brought by Genting Group against a German regional government after a row over funding for cruise shipbuilder MV Werften, which filed for insolvency on Monday. Genting, led by Malaysian tycoon Read more
From cartoon apes to video clips, sales of NFTs reached some $25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows, although there were signs of growth slowing towards the end of Read more
Ethiopian Airlines is profitable and cash positive, underpinned by booming demand for air cargo, its chief executive said on Tuesday. The air freight market has been a rare bright spot for airlines over the past two years, with rates rising Read more
Poorer developing nations need faster G20 debt relief, the World Bank said on Tuesday, redoubling its calls for China, the world’s largest creditor, and private sector creditors, to reverse course and participate fully in debt relief efforts. The pandemic-induced recession Read more
Blackstone-backed Candle Media is buying Faraway Road Productions, the Israeli studio behind popular Netflix series “Fauda” and the upcoming feature film “Siege of Bethlehem,” continuing a media industry buying binge, Blackstone said on Tuesday. Terms were not publicly disclosed. One Read more