Wednesday , January 24 2018

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China’s biggest electric-car maker to list in $4.5bn deal

epa06197624 An electric car connects a charging pole for electric vehicles at an electric vehicle charging station outside an apartment in Beijing, China, 11 September 2017. China plans to ban cars powered by fossil fuels in the future, while promoting hybrids and electric vehicles, Vice-minister of Ministry of Industry and Information Technology (MIIT) Xin Guobin said during a forum.  EPA-EFE/WU HONG

Bloomberg China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian ...

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‘Foreign labour in Singapore is more than just numbers’

epa06443003 Pictured against the skyline of the financial district (R), a man (C) walks past a giant inflated gorilla sculpture forming part of the Art-Zoo Inflatable Park in Singapore, 16 January 2018. The Art Zoo Inflatable Park will be on display during the i Light Marina Bay festival from 09 March to 01 April and consists of giant inflatable characters and sculptures.  EPA-EFE/WALLACE WOON

Bloomberg Singapore should remain open to adjusting levels of foreign workers while not threatening job and wage opportunities for native residents, Monetary Authority of Singapore Managing Director Ravi Menon said. “It is not about how many foreign workers industry wants or society can afford to have, but what number and ...

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Carillion collapse prompts rules on UK corporate recklessness

epa06443477 A Carillion crane at a construction site in London, Britain, 16 January 2018. Thousands of jobs in the UK and abroad maybe lost following the news that Construction company Carillion is to go into liquidation. Talks between lenders and the UK government has failed to reach a deal.  EPA-EFE/ANDY RAIN

Bloomberg UK Prime Minister Theresa May set out a plan to defend capitalism from capitalists, after the collapse last week of construction company Carillion Plc put at risk public-sector projects from roads to hospitals. In an article for the Observer newspaper, May pledged new rules to deal with executives “who ...

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