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Vietnamese EV maker Vinfast reports $550 million Q3 loss
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.The communist state’s first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.VinFast shares have fluctuated wildly since debuting on …
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Hello Kitty owner plunges 17% on sharesale plan
Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes.A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later. The move …
‘Very, very slow’: plastic treaty talks grind forward
Negotiations on a first global treaty to curb plastic pollution are moving “very, very slowly”, diplomats and observers told AFP on Wednesday, threatening the chances of reaching an agreement.Delegates from nearly 200 countries are meeting in South Korea’s Busan with the goal of reaching a deal by December 1, after two years of talks.But the …
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