Tesla opens orders for Made-in-China Model 3, lowers price

Beijing Tesla Inc started taking orders for Model 3 cars to be made in China, lowering prices for the vehicle as it seeks to double down on a market it expects to drive future growth and revenue. The Palo Alto, California-based company set the base price at 328,000 yuan ($47,523), including value added taxes, according […]

Uber reports $1 billion loss in first quarterly earnings after IPO

Washington. Uber lost more than $1 billion when it reported its first quarterly earnings as a public company Thursday. But executives said a ride-hail price war may be cooling, something that may result in fewer discounts for riders. Industry competition appears to be waning, executives noted on a call with analysts, marking a departure from […]

China plans ‘major retaliative measures’ on US for Huawei

Beijing: China will retaliate against the US for blacklisting Huawei Technologies Co, according to the editor-in-chief of the Global Times, a tabloid published by the Communist Party’s People’s Daily. ‘Based on what I know, China will take major retaliative measures against the US placing Huawei and other Chinese companies on Entity List,’ Hu Xijin said […]

Etisalat first to market with 5G smartphones

Abu Dhabi: Etisalat has become the first telco in the region to offer the super-fast 5G network on 5G-enabled smartphones. From today, customers can enjoy service access on ZTE Axon 10 Pro, the first available 5G device from Etisalat. That means network speeds of up to 1Gbps. At around 20 times faster than 4G, 5G service will […]

Philippines and Egypt have surfaced as the most resilient among emerging markets

Tokyo The Philippines and Egypt have surfaced as the most resilient among emerging markets amid the trade-war angst, a Bloomberg analysis shows. Most of the top-ranked countries have robust economic-growth outlooks, according to a Bloomberg scorecard of 21 developing economies. The Philippines and Egypt scored higher as recent sell-offs across developing markets have left their […]