Business

Vietnam’s VinSpace signs deal with Elon Musk’s SpaceX to launch its first satellites in 2027

Tuesday, August 11 by SRN News

HANOI, Vietnam (AP) - Vietnamese aerospace company VinSpace said Tuesday it has signed a contract with SpaceX to send its first satellites into orbit aboard a SpaceX rideshare mission in 2027, as the Southeast Asian nation moves to develop its nascent space industry. VinSpace will... Read More.

Tesla to recall over 20,000 US vehicles over excessively bright low-beam headlights

Tuesday, August 11 by SRN News

Tesla is recalling 20,349 vehicles in the U.S. over low-beam headlights that may be excessively bright, potentially reducing visibility for oncoming drivers and raising crash risk, the U.S. National Highway Traffic Safety Administration said on Tuesday. Here are further details: • The recall affects... Read More.

Shein plans to launch Hong Kong IPO as soon as August 19, sources say

Tuesday, August 11 by SRN News

By Kane Wu and Selena Li HONG KONG, Aug 11 (Reuters) - Online fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday. The Singapore-based company... Read More.

Lufthansa, German pilots’ union agree process to resolve labour disputes

Tuesday, August 11 by SRN News

FRANKFURT, Aug 11 (Reuters) - Lufthansa and German pilots' union Vereinigung Cockpit (VC) have agreed a framework aimed at resolving long-running labour disputes through arbitration and mediation, reducing the risk of further pilot strikes. • The agreement includes arbitration procedures covering Lufthansa's core airline, Lufthansa... Read More.

Toyota to recall over 508,000 US vehicles over instrument cluster display issues

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - Toyota is recalling 508,354 vehicles in the U.S. as an instrument cluster that fails to display critical safety information increases the risk of a crash or injury, the National Highway Traffic Safety Administration said on Tuesday. Here are some details: •... Read More.

France bans unsolicited telemarketing calls, with hefty fines for violators

Tuesday, August 11 by SRN News

PARIS (AP) - France has banned unsolicited telemarketing calls under a new law aimed at protecting consumers from intrusive sales pitches and shielding vulnerable people from fraudulent commercial practices. The law backed by President Emmanuel Macron's government entered into force Tuesday. While several countries have tried... Read More.

Sportswear brand On misses quarterly sales view as consumers cut back

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - Sportswear brand On missed Wall Street estimates for second-quarter net sales on Tuesday, signaling pressure from a tougher consumer environment and higher costs from U.S. tariffs. On executives emphasized they were prioritizing profitability over sales volumes, mindful of the risk of... Read More.

GM plans to sell its half of Indiana battery venture to Samsung SDI, Bloomberg News reports

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - General Motors is planning to sell its half of a planned $3.5 billion electric-vehicle battery joint venture in Indiana to partner Samsung SDI, Bloomberg News reported on Monday, citing people familiar with the matter. Here are some details: • Reuters had... Read More.

Morning Bid: Middle East deadlock

Tuesday, August 11 by SRN News

A look at the day ahead in European and global markets from Rae Wee Oil prices were back on the rise on Tuesday and touched their highest this month, as Washington and Tehran continued to trade demands for the reopening of the Strait of Hormuz. U.S.... Read More.

Australia central bank holds rates steady, keeps hike on table

Tuesday, August 11 by SRN News

By Stella Qiu and Wayne Cole SYDNEY, Aug 11 (Reuters) - Australia's central bank held its cash rate steady at 4.35% for a second straight meeting on Tuesday, saying the economy was slowing as expected, but warned it might yet hike again if needed to... Read More.

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Current Weather

Vietnam’s VinSpace signs deal with Elon Musk’s SpaceX to launch its first satellites in 2027

Tesla to recall over 20,000 US vehicles over excessively bright low-beam headlights

Shein plans to launch Hong Kong IPO as soon as August 19, sources say

Lufthansa, German pilots’ union agree process to resolve labour disputes

Toyota to recall over 508,000 US vehicles over instrument cluster display issues

France bans unsolicited telemarketing calls, with hefty fines for violators

Sportswear brand On misses quarterly sales view as consumers cut back

GM plans to sell its half of Indiana battery venture to Samsung SDI, Bloomberg News reports

Morning Bid: Middle East deadlock

Australia central bank holds rates steady, keeps hike on table

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