Xiaomi’s highly anticipated electric vehicle (EV) will go on sale at a starting price of 215,900 yuan ($29,869.54), the Chinese smartphone company said as it announced the launch of its first car in the world’s largest auto market.
Coro, a U.S.-Israeli cybersecurity platform for small and medium-sized businesses (SMEs), has raised $100 million in a private funding round at a company valuation of $750 million, it said on Thursday.
China’s commerce minister will travel to Europe in April for discussions about the European Commission’s investigation into whether China’s electric vehicle industry has benefited from unfair subsidies, four people briefed on the plan told Reuters.
Global smartphone shipments are expected to rebound 3% this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday.
The Dutch government on Thursday said it would spend 2.5 billion euros ($2.7 billion) to improve the Eindhoven region to ensure the country’s largest company ASML doesn’t move operations outside the Netherlands.
Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week.
Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50% in the new unit.
Sam Bankman-Fried is set to be sentenced on Thursday over his conviction on fraud charges stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded.
Sam Bankman-Fried apologized to his former colleagues at the now-bankrupt FTX cryptocurrency exchange he founded at his sentencing hearing on Thursday, as the former billionaire wunderkind braces for the prospect of decades behind bars.
