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Xiaomi achieved a record 29,000 EV sales in March, marking its sixth consecutive month of over 20,000 deliveries. However, a tragic accident involving a Xiaomi SU7 in autopilot mode resulted in three fatalities, prompting ongoing investigations. Competitors Xpeng and Leapmotor also reported strong deliveries, while BYD maintained its market leadership.
Caisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérative, with a market cap of €1.01 billion, offers a range of banking services in France. The bank has shown impressive earnings growth of 31.6% over the past year, significantly outpacing the industry average, and is currently trading 30.9% below its fair value, presenting a compelling investment opportunity. Its strong financial health is highlighted by total assets of €38.9 billion and a low-risk funding structure, with customer deposits making up 95% of liabilities.
Global feed pea production is projected to rise to 15.2 million tons in the 2025/26 marketing year, marking a 6.3% increase, primarily driven by a significant harvest in Russia, expected to reach 4.7 million tons. Canada remains the second-largest producer at 2.8 million tons, while the EU-27 and India follow with 2.2 million and 1.0 million tons, respectively. The EU is urged to enhance support for protein crop cultivation to meet its import needs and promote sustainable agricultural practices.
FHS Saudi Arabia's Startup Den returns in 2025, offering hospitality entrepreneurs a chance to gain exposure, mentorship, and funding. Ten finalists will present their business models to a panel of esteemed judges, with the winner announced at the Future Hospitality Summit in Riyadh from May 11-13, 2025. Startups must be under three years old, with annual revenues below $1 million, and have raised between $450,000 and $500,000 in early-stage funding.
Aspire, a Singapore-based financial platform, has obtained a Capital Markets Services Licence from the Monetary Authority of Singapore, enabling it to offer regulated investment solutions. The company plans to launch Aspire Yield, an investment service for startups and small businesses, featuring no minimum investment, no lock-up period, and next-business-day liquidity. Currently in private beta, the service has a waitlist for interested businesses and aims to enhance investment access for over 50,000 companies globally.
Sumitomo Mitsui Banking Corp (SMBC) is partnering with Fujitsu to leverage AI models aimed at enhancing advisory services for corporate clients amid rising costs. The collaboration involves discussions to share sensitive client data, allowing Fujitsu to optimize decisions related to staffing, procurement, and financing. This initiative represents a significant step for a Japanese bank in sharing client information with an external entity.
Yuval Tal, founder of Payoneer, has launched a new startup called Linguana in Israel, focusing on global distribution and monetization for content creators. The company has raised $8.5 million in funding and employs 26 staff members, primarily in Israel. Linguana collaborates with YouTube creators to translate, dub, and distribute videos in nine languages, managing the localization process while sharing revenue with creators and reporting a 30% monthly growth rate.
Tesla's sales of China-made vehicles fell by 11.5% in March, totaling 78,828 cars, despite a 157% increase from February. Local rivals BYD and Geely outpaced Tesla, with sales rising by 23% and 167%, respectively. The company also faces challenges from US-China trade tensions and a 3.04% drop in stock price, marking its worst quarterly performance since 2022.
Boston Consulting Group (BCG) reported a 10% revenue increase in 2024, reaching $13.5 billion, largely fueled by rising demand for AI-related advisory services. AI now constitutes 20% of BCG's total revenue, with major clients including L’Oréal, BMW, and IBM. The firm also expanded its workforce by 1,000 employees, totaling 33,000 by December 2024.
Foxconn has ramped up investments in India and Vietnam to enhance production for Apple products and AI servers. In India, it acquired $32.26 million in equipment for AirPods manufacturing in Hyderabad, marking its second Apple product line in the country. Additionally, its subsidiary Ingrasys invested $23.40 million in Vietnam's Fulian Precision Technology to boost AI server production.
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Xiaomi achieves record EV sales amid industry competition and challenges
08:14 03.04.2025
Caisse Régionale de Crédit Agricole Mutuel Nord de France shows strong growth potential
07:02 03.04.2025
global feed pea production set for significant increase in 2025 26
07:01 03.04.2025
hospitality entrepreneurs invited to showcase innovations at future hospitality summit 2025
Mandarin Oriental International Limited
SAU
Khalid Alsatti
Fahad Al Obailan
Sundip Patel
Sam Payrovi
Jonathan Worsley
Ahmad Arabani
Show more
06:32 03.04.2025
Aspire receives licence to launch investment service for businesses in Singapore
06:21 03.04.2025
SMBC partners with Fujitsu to enhance corporate advisory services using AI
05:50 03.04.2025
payoneer founder launches linguana to support global content creators
05:10 03.04.2025
Tesla sales decline in China as local rivals gain market share
04:37 03.04.2025
BCG reports 10 percent revenue growth driven by AI demand in 2024
04:30 03.04.2025
Foxconn increases investments in India and Vietnam for Apple and AI production
04:20 03.04.2025
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