• Sun, March 16, 2025

by: Reuters

Volkswagen, FAW venture to launch 11 new models tailored for China from 2026

The joint venture of Volkswagen and FAW Group (SASACJ.UL) said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026.

by: Wamda

Beyond the hype, what actually happened in Web Summit Qatar: Pt.1

An overview of key trends, investment climate, and real opportunities for regional startups from the floor of Web Summit Qatar 2025.

by: MyChesCo

FTC Secures $337.3 Million for Consumers Cheated by Unlawful Practices in 2024!

The Federal Trade Commission (FTC) has released its 2024 Annual Report on Refunds to Consumers, showcasing $337.3 million refunded to individuals affected by a range of unlawful

by: Moneycontrol

Stock Market LIVE Updates: GIFT Nifty suggests a firm opening; US, Asian markets gain

US stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fueled recession fears and doused risk appetite.
  • Mon, March 17, 2025

by: GhanaWeb

LIVESTREAMED: Day 2 of Parliament's 2025 post-budget workshop

The Parliament of Ghana is currently holding the 2025 Post-Budget Workshop for Members of Parliament. The exercise brings together Honorable Members of Parliament to delve into the intricacies of the national budget,

by: ProPakistani

Govt May Present Next Year's Budget Earlier Than Usual

The federal government is likely to present the next fiscal year (FY26) budget in parliament in May 2025 and relevant departments including the Ministry

by: Astrofame

Sagittarius: Your finance horoscope - March 17

Now Available as a Free Gift to You

by: Moneyweb

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.

by: CNN

Forever 21 is going out of business in the United States

A Forever 21 store in New York seen in February 2025. - Yuki Iwamura/Bloomberg/. Forever 21 isn't even cool enough to exist anymore. The retailer's US operating co

by: BusinessTech

South Africa has no more money

The Centre for Development and Enterprise's executive director, Ann Bernstein, warned that South Africa has run out of money.

by: MARCA

What to do if you receive a text message from the IRS about the $1,400 stimulus payment? It could be a scam

by: SiliconANGLE

Shadow AI: Companies struggle to control unsanctioned use of new tools

The multinational retail chain where Katie Smith worked in data analytics and finance for six years was so concerned ... chief information security officer at Stratascale, the business name of SHI International Corp. Organizations are pursuing a variety ...

by: Kiplinger

CoreWeave IPO: Should You Buy CRWV Stock?

The CoreWeave IPO will mark the biggest public offering of the year, with the AI cloud company expected to start trading on the Nasdaq in late March.

by: Investopedia

What Negative Return on Equity (ROE) Means to Investors

In the ROE formula, the numerator is net income or the bottom-line profits reported on a firm's income statement. The denominator is equity, or, more specifically, shareholders' equity. When net income is negative, ROE will also be negative.

by: LAist

Checking in on Medi-Cal as state approves $3 billion loan and concerns of federal cuts loom

Today on AirTalk, California approved a $3 billion loan for Medi-Cal amidst looming federal cuts. Want to get paid to be politically engaged and hold your public officials accountable? A local initiative called "LA Documenters" will train and pay you to take notes at public meetings.

by: Narcity

CBSA is looking to hire for these jobs across Canada and you can make over $100,000

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: Dawn

No proposal to revise govt pay scales under consideration, clarifies finance ministry

Ministry statement says media reports claiming salaries would remain unchanged in next fiscal year "not based on reality".

by: SmartAsset

Ask an Advisor: I Need $3500 Per Month to Cover My Expenses. Should I Take Social Security or Tap My 401(k)?

I'm retired and receive a pension but I still need to supplement my monthly income. My choices are to claim Social Security or start withdrawing money from my 401(k). I'm 64 and have $200,000 in a 401(k).

by: Vanguard

Strategic cost management in a shifting global economic landscape

Balancing efficiency and innovation in uncertain times By Dayo Odunfa Introduction In today's complex and unpredictable economic environment, CFOs and senior finance leaders face unprecedented challenges.

by: Reuters

Moody's places IndusInd Bank's credit assessment on review for downgrade

Moody's Ratings said on Monday it has placed IndusInd Bank's baseline credit assessment (BCA) under review for downgrade due to concerns over "inadequate internal controls" after the lender found discrepancies in its derivative accounts.

by: Forbes

Hong Kong Real Estate Billionaire Lee Shau Kee, Once Asia's Richest Person, Dies At 97

Lee Shau Kee was among the first generation of entrepreneurs in Hong Kong who started making a fortune from property development between the 60s and 70s.

by: cnbctv18

NBFID secures ?20,000 crore equity support, ?5,000 crore grant from government

NBFID has established separate teams within its Credit Administration - Operations & Monitoring Department to oversee project loan disbursements and execution.

by: Moneycontrol

Laid-off employees of US-based edtech firm Focus Edumatics file complaint with Karnataka Labour Commissioner

On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.

by: BusinessTech

Parliament hacked, and Fitch ratings warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]

by: Bloomberg

Hong Kong Billionaire Developer Lee Shau-Kee Dies at 97

Kee, the Hong Kong billionaire known as "Asia's Warren Buffett" and whose business empire included real estate, utilities and public infrastructure, has died. He was 97.

by: Forbes

Workforce Optimization: A Critical Path To EBITDA Growth

Simply put, workforce efficiency is one of the most significant levers for profitability, yet many companies fail to integrate it into their financial strategy.

by: Moneycontrol

Shriram Finance Consolidated December 2024 Net Sales at Rs 10,698.31 crore, up 15.03% Y-o-Y

Quarterly Net Profit at Rs. 3,246.85 crore in December 2024 up 73.98% from Rs. 1,866.24 crore in December 2023. EBITDA stands at Rs. 7,672.33 crore in December 2024 up 17% from Rs. 6,557.42 crore in December 2023.

by: BusinessTech

Parliament hacked, and Fitch ratings debt warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]

by: Reuters

UK finance minister Reeves to unveil action plan to cut over-regulation

British finance minister Rachel Reeves will meet financial, environmental and health regulators on Monday to unveil an "action plan" to cut red tape by reducing the number of bodies overseeing sectors seen as crucial to boosting economic growth.

by: AOL

Elon Musk and Sam Altman finally agree on something: When their courtroom showdown should start

Elon Musk and Sam Altman have suggested to a judge that a trial to settle their differences over the future of ChatGPT creator OpenAI should begin in December.

by: Reuters

ESG Watch: New SEC rules under Trump turn up the heat for sustainable investors

The targets of President Donald Trump's attacks are many and various, but one area to which he has been consistently hostile is ESG, the environmental, social and governance risks that have become increasingly important to investors in recent years.

by: Moneycontrol

Emerald Finance Consolidated December 2024 Net Sales at Rs 5.72 crore, up 67.52% Y-o-Y

Net Sales at Rs 5.72 crore in December 2024 up 67.52% from Rs. 3.42 crore in December 2023. Quarterly Net Profit at Rs. 2.48 crore in December 2024 up 105.38% from Rs. 1.21 crore in December 2023. EBITDA stands at Rs. 4.09 crore in December 2024 up 99.51% from Rs. 2.05 crore in December 2023.

by: AOL

TKer: One of the most misunderstood moments in stock market cycles

Because the stock market is so heavily dependent on expectations for the future, we inevitably get moments when stock market behavior appears to conflict with information about the present.

by: Insider

3 things to do now if recession jitters have you questioning your retirement plans

Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to retirement accounts.

by: Insider

FreeTaxUSA Review 2025

Read our in-depth FreeTaxUSA review to discover its features, pricing, ease of use, and customer support. Find out if FreeTaxUSA is the right tax software for your needs in 2025.

by: AOL

Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Microsoft

These AI-powered enterprise software giants saw pullbacks in their stock prices, but only one is worth buying right now.

by: Moneycontrol

Correction forced mid and smallcap funds to rejig top stock holdings in February

Mutual funds increased their stake in 453 stocks in the smallcap space in February, while decreasing holding in around 300 stocks. In the midcap universe, more than 90 stocks saw an increase in the stake held by MFs while nearly 60 saw funds trim their holdings.

by: Reuters

Explainer: What's next for South Africa's budget and planned VAT hike?

South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to raise value-added tax.

by: Reuters

Policy Watch: Tough road ahead for nature, despite 'historic' conservation pact

There were tears of joy in Rome last month as negotiators reconvened to pick up where COP16 biodiversity talks left off last November. In what was described as a win for multilateralism, they agreed a strategy to mobilise $200 billion annual funding for developing nations by 2030 and beyond,

by: Reuters

Israeli war spending in Gaza, Lebanon tops $30 billion in 2024 -Finance Ministry

Israel spent 112 billion shekels ($31 billion) on its military conflicts in Gaza and Lebanon in 2024, the Finance Ministry said in a report on Monday.

by: Reuters

Commodity-linked stocks lift FTSE 100, QinetiQ weighs on mid-cap index

UK's blue-chip FTSE 100 index edged up on Monday, helped by energy and metal miners, while investors geared up for a slew of central bank decisions this week, including from the Bank of England.

by: Reuters

UBS's auditor issues warning over bank's financial reporting controls for 2024

UBS's auditors have expressed an "adverse opinion" on the bank's internal controls over its financial reporting for 2024, after it failed to resolve issues related to misstatements inherited from Credit Suisse,

by: Reuters

Israel awards natural gas exploration licences to BP, Socar and NewMed

Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.

by: Reuters

Japan's Nomura ties up with regional bank Hyakujushi to boost wealth business

TOKYO] Nomura Holdings, Japan's largest securities firm, said on Monday (Mar 17) it has partnered with regional lender Hyakujushi Bank to boost its wealth management services. Read more at The Business Times.

by: Reuters

Defence firm QinetiQ warns of delays in UK, US contracts being awarded

British defence and security company QinetiQ on Monday warned of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after recent changes in government.

by: Reuters

As Tesla tanks, Musk's hand-picked board chair is doing just fine

Elon Musk's EV company is struggling as he plunges into politics. Robyn Denholm, the Australian chair of Tesla, is thriving after cashing in half a billion dollars of the stock. Investors are clamoring for her to rein in the world's richest man - but some question whether she has the independence to do so.

by: Reuters

Kenya and IMF agree to start formal talks on new lending programme

Kenya and the International Monetary Fund will discuss a new lending programme for the East African nation, as both sides agreed to abandon a ninth review of the current $3.6 billion loan.

by: Reuters

Airbus and others call for sovereign infrastructure fund, buy European

Airbus , Dassault Systemes and more than 90 smaller European technology companies and lobby groups have urged European Commission President Ursula von der Leyen to create a sovereign infrastructure fund to ramp up public investments in cutting-edge technologies.

Volkswagen, FAW venture to launch 11 new models tailored for China from 2026

The joint venture of Volkswagen and FAW Group (SASACJ.UL) said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026.
The Volkswagen and FAW Group joint venture in China plans to launch 11 new models starting in 2026, focusing on electric vehicles (EVs) tailored for the Chinese market. This initiative is part of Volkswagen's broader strategy to enhance its presence in China, the world's largest auto market, by adapting to local consumer preferences and regulatory requirements. The new models will include both fully electric and plug-in hybrid options, aiming to meet the increasing demand for sustainable transportation solutions in China. This move also reflects Volkswagen's commitment to its electrification strategy, aiming to significantly increase its EV sales in the region.

Read the Full Reuters Article at:
https://www.msn.com/en-ca/money/topstories/volkswagen-faw-venture-to-launch-11-new-models-tailored-for-china-from-2026/ar-AA1B3fwf
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