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FAW-Volkswagen plans to launch 11 new models in China starting in 2026, including 10 new energy vehicles (NEVs) and one internal combustion engine model. The lineup features six battery electric vehicles (BEVs), two plug-in hybrids (PHEVs), and two extended-range electric vehicles (EREVs), marking a shift in Volkswagen's strategy towards EREVs despite previous skepticism. The Jetta brand will debut its first electric model targeting the entry-level market, utilizing the locally developed CMP platform and advanced digital services through the CEA architecture.
AUD/USD ended last week at 0.6326, marking its fifth gain in six weeks, driven by concerns over US trade policies and improving risk sentiment. Key influences this week include US trade policy, interest rate meetings, and Australia's employment report, expected to show a gain of 20,000 jobs with the unemployment rate steady at 4.1%. A stronger jobs report could lead the RBA to hold rates steady in April, while technical analysis suggests potential for further gains towards the 200-day moving average at 0.6525-0.6535.
BYD is set to launch its fifth car carrier, the BYD Changsha, which has a capacity of 9,200 vehicles. This vessel, named after BYD's production base in Hunan province, joins a fleet that includes BYD Explorer No.1, BYD Hefei, BYD Changzhou, and BYD Shenzhen, as the company expands its marine logistics for new energy vehicles.
Europe is intensifying its diplomatic and economic engagement with the Global South, particularly Africa, as the US under Trump retreats from these relationships. European Commission President Ursula von der Leyen co-hosted an EU-South Africa summit, highlighting the EU's significant investment and trade ties with South Africa, which is seen as a gateway to broader African markets. This strategy aims to counterbalance the influence of Russia and China, who are also vying for partnerships in the region amidst a backdrop of increasing non-alignment among African nations on global issues.
Europe is intensifying its diplomatic and economic engagement with the Global South, particularly Africa, as the US under Trump retreats from these relationships. European Commission President Ursula von der Leyen co-hosted an EU-South Africa summit, highlighting the EU's significant investment and trade ties with South Africa, which serves as a gateway to broader African markets. This strategy aims to counterbalance the influence of Russia and China, who are also vying for partnerships in the region amidst a backdrop of increasing non-alignment among African nations.
European investors face significant losses as the dollar's traditional safe-haven status erodes, with unhedged U.S. assets at risk amid declining confidence in "American exceptionalism." As funds may shift back to Europe and emerging markets, the potential for a dollar sell-off looms, with $14 trillion in unhedged U.S. assets vulnerable to a 5% reduction in foreign holdings. The changing dynamics in global capital flows signal a critical reassessment of investment strategies.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
Apple's iPhone 16 lineup, including the iPhone 16, 16 Plus, 16 Pro, 16 Pro Max, and 16e, has received approval for sale in Indonesia from the Ministry of Communication and Digital and the Ministry of Industry. The devices, imported from China, also obtained Domestic Component Level certification. As part of the approval, Apple plans to invest in Indonesia by establishing a local software research center, aligning with an innovation investment scheme for 2025–2028.
Chinese hedge fund High-Flyer is leading the integration of AI in the $10 trillion fund management industry, leveraging its AI startup DeepSeek to enhance portfolio management. The firm’s advancements have prompted other financial institutions to increase their AI research, with Shenzhen's government investing 4.5 billion yuan to support hedge funds in AI initiatives. As skepticism around AI diminishes, firms are recognizing its necessity for survival, driving a surge in recruitment for AI talent.
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Volkswagen and FAW to introduce 11 new models in China by 2026
04:36 17.03.2025
aud usd gains momentum amid us trade policy uncertainty and positive sentiment
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04:35 17.03.2025
BYD to launch fifth car carrier named Changsha with 9200 vehicle capacity
02:46 17.03.2025
europe seeks to strengthen ties with global south amid us retreat
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20:25 15.03.2025
europe seeks to strengthen ties with global south amid us retreat
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10:53 15.03.2025
asia's tech sector sees surge in mergers and acquisitions this week
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10:30 15.03.2025
Asia's tech sector sees record M&A activity and significant funding deals
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Apple iPhone 16 series receives approval for sale in Indonesia
07:00 15.03.2025
Chinese hedge fund High-Flyer drives AI innovation in trillion dollar fund industry
05:40 15.03.2025
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