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BUSINESS

  • China's Rise in Chip Manufacturing Threatens South Korea's Semiconductor Reign South Korea's semiconductor production to rise 5.4%, ranking third globally; China to claim top spot with 13% increase.
  • Rolls-Royce Achieves Record-Breaking Year with 6,032 Cars Sold in 2023 Rolls-Royce Motor Cars achieved record-breaking sales in 2023, driven by strong demand, including for their first pure electric model.
  • Tesla Recalls Over 1.6 Million Cars in China: Safety Concerns Hit the Market Tesla recalls 1.61 million vehicles in China due to driver assistance system issues and faces growing competition from BYD.
  • Americans Pile on Debt as Chinese Pinch Pennies: Why Americans Borrowing, Chinese Budgeting U.S. sees record credit balances surge amid economic recovery hopes, while China focuses on low-cost brand consumption.
  • Drop in Chinese Yuan's Exchange Rate The Chinese yuan's exchange rate against the US dollar fell 0.01% to 7.1010 yuan. The U.S. dollar index fell to 102.29...
  • Apple iPhone sales in China fall 30% in first week of 2024 U.S. investment bank Jefferies estimates iPhone 15 hit by Huawei's return to the market "Slump last year, double-digit decline expected this year" U.S. investment bank Jefferies has pointed to Apple's poor sales of iPhones in China last year and said it expects the slump to deepen this year.
  • Chinese Companies Dominate LiDAR Patents and Market Share Worldwide China dominates LiDAR patents and market share for autonomous vehicles, outpacing the US, Europe, and Japan in advancements.
  • Chinese and Korean EV Makers Look to Mexico as a 'Sanctions Evasion' Hub for U.S. Market Chinese car manufacturers explore Mexico as a hub to indirectly penetrate the U.S. electric vehicle market and evade sanctions.
  • U.S.-China Trade Dispute Fades as Chinese Tech Firms Shine at CES 2024 Chinese companies return to CES 2024, aiming to analyze and consult on innovative technologies and services, despite previous challenges.
  • Not-So-Bright Future for Tesla in 2024, According to Wall Street Analysts Analysts caution on Tesla's outlook as some models may lose government subsidies by 2024, adding to potential earnings pressure.
  • Xiaomi's Road to EV Domination Begins with the SU7 Sedan Debut Xiaomi unveils its first electric car, the SU7, with advanced features, aiming to compete with Porsche and Tesla.
  • '2024 is the Best Year to Buy a Car in the U.S.' Says Cox Automotive The U.S. car market is set to recover to pre-Covid levels by 2024, with better supply, lower prices, and reduced interest rates.
  • Disappointing 2023 for GM's EVs, Share Slips to 3.1% Q4 GM's Q4 2023 electric vehicle (EV) sales in the U.S. make up just 3.1% of total sales, falling short of expectations.
  • Audi's U.S. Sales Soar: Electric Cars Lead the Charge with 55% Rise Audi reports a 22% increase in 2023 U.S. car sales, with 25,000 units of battery electric vehicles, indicating a growing market.
  • China's Rising Semiconductor Industry Puts Pressure on Korea Amid US Restrictions China's growing semiconductor self-sufficiency challenges U.S. sanctions, causing concerns for South Korean companies dependent on the market.
  • 10 Hottest Startup Ideas with ChatGPT in 2024 Use ChatGPT for interactive marketing, mental health support, education, HR help, multilingual customer service, and innovative solutions.
  • Samsung's New Hires Receive $8,500 Bonus and Golden Business Cards Samsung Electronics' DS division rewards top-performing new hires with a 10 million won bonus as an encouragement.
  • Elon Musk Tops Global Top 500 Billionaire List, Where Does Samsung Chairman Lee Jae Young Rank? Samsung Chairman Lee Jae-yong returned home from a visit to the Netherlands, and the net worth of the world's 500 richest people totaled $1.5 trillion, an increase of 48%, the largest increase this year. Elon Musk regained the top spot as the richest man in the world, while Samsung Chairman Lee Jae-yong came in at No. 228 on the list...
  • Bitcoin Halving 2024: Price Expected to Soar Beyond $60,000 Experts predict that Bitcoin will surge in price during its halving year, with some forecasts ranging from $60,000 to as high as $500,000.
  • X's Value Drops Over 70% After Musk's Acquisition: Bankruptcy Risk Looms Elon Musk's social media platform, X (formerly Twitter), has reportedly lost over 70% of its value in a year, raising bankruptcy concerns.
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