Oil giant led by COP28 boss to spend an ‘eyewatering’ $1 billion a month on fossil fuels this decade, Global Witness says
The research comes ahead of the COP28 climate summit, with Dubai set to host the U.N.’s annual conference from Nov. 30 through to Dec. 12.
Country Garden wins bond extension in relief for China’s property sector
The extension would allow Country Garden to repay the debt in instalments over three years, instead of meeting its obligations by Saturday.
Hong Kong property stocks surge as China takes action to revive property sector
Stocks were also helped by Country Garden Holdings reportedly winning approval to extend repayment on an onshore private bond to 2026.
Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance
Chinese electric car companies Nio, Xpeng and Li Auto delivered enough vehicles in August to keep pace with their third-quarter guidance.
BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
At the IAA Mobility motor show in Munich, Germany, BMW and Mercedes revealed electric concept cars and new platforms for their future battery-powered vehicles.
Bank of America: Asian buybacks just hit a 20-year high — and these stocks are a buying opportunity
BofA said stocks with high share buybacks tend to outperform after tracking data for more than three decades.
Morgan Stanley reveals the ‘next big thing’ in smartphone tech and picks global stocks to buy
The bank also shared its views on Apple launching a product including this smartphone technology.
Hong Kong stocks lead gains in Asia; Australia and China data closely watched this week
Asian markets will be watching the Reserve Bank of Australia’s rate decision, as well as China’s inflation data later this week.
CNBC Daily Open: Why did the unemployment rate rise even as jobs were added?
The U.S. economy added more jobs in July, but the overall unemployment rate rose. This may sound counterintuitive, but there’s a simple explanation.
A new hotel trend that puts you to sleep — literally
From beds that use artificial intelligence to on-call hypnotherapists, more hotels are luring travelers in by promising a good night’s sleep.
