China’s Nio and Geely deepen commitment to EV battery swapping tech in stake sale

South China Morning Post - Sep 28, 2026

Chinese electric vehicle (EV) maker Nio has deepened its partnership with Zhejiang Geely Holding Group after agreeing to sell a stake in its battery swap subsidiary to the automotive conglomerate in a deal that values the unit at 16 billion yuan (US$2.4 billion). Geely Holding, controlled by Chinese billionaire Li Shufu, would pay 640 million yuan in cash and contribute its wholly owned battery-swapping unit Yiyi Internet Technology in exchange for a 30 per cent share in Nio Power, Nio said in a...

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Italy attracts wealthy Chinese property buyers with food, fashion – and flat tax
Sep 28, 2026
Italy attracts wealthy Chinese property buyers with food, fashion – and flat tax

Italy is becoming a magnet for wealthy property investors thanks to its high quality of life and flat tax regime, and interest is also on the rise among mainland Chinese and Hong Kong buyers, according to property agents. Rome introduced a flat tax regime nine years ago to attract high-net-worth individuals, with foreign residents allowed to make a flat annual tax payment of €300,000 (US$342,000) on all their overseas income under the scheme’s latest rules. The tax incentive has become a draw...

Asia Faces Inflation Pressures Through 2027, ADB Warns
Sep 27, 2026
Asia Faces Inflation Pressures Through 2027, ADB Warns

The Asian Development Bank projects inflation across developing Asia-Pacific economies will stay above 2025 levels through 2027, driven by geopolitical conflicts, higher energy costs, and extreme weather. The September Asian Development Outlook update slightly lowered the 2026 inflation forecast to 4.2% while raising the 2027 projection to 3.5%. Conflicts affecting oil markets and an expected […]

TAT highlights Thailand’s film production talents and tourism charm at TIFF 2026
Sep 27, 2026
TAT highlights Thailand’s film production talents and tourism charm at TIFF 2026

TAT promoted Thailand's film strengths and tourism at TIFF 2026, highlighting diverse filming locations and enhancing international connections.

Mapping Biology’s Next Frontier
Sep 27, 2026
Mapping Biology’s Next Frontier

After two decades backing some of the world’s earliest artificial-intelligence companies, Liu Wei has moved from investor to builder. A longtime technology enthusiast, Wei spent 18 years as an early-stage investor, including as general partner of Legend Star Ventures and founding CEO of Baidu Ventures. He has invested in and incubated more than 400 early-stage technology companies worldwide, including more than 50 focused on AI for life sciences. Today, as co-founder and CEO of BioMap, he is...

Weather and travel updates for Bangkok and its nearby regions
Sep 27, 2026
Weather and travel updates for Bangkok and its nearby regions

Rainfall and flooding in Bangkok could disrupt travel. Airports are operational; travelers should monitor updates and allow extra time.

How Beijing is neutralising Washington’s sanctions machine
Sep 27, 2026
How Beijing is neutralising Washington’s sanctions machine

Last week, the president of the United States stood at the podium of the United Nations General Assembly and asked aloud whether he should “annihilate the Islamic Republic and do it quickly”. Donald Trump then turned to Venezuela’s oil and declared: “To the victor belong the spoils, you’ve all heard that …” He spoke as the Iran war neared its eighth month, a week after the UN Human Rights Council found “reasonable grounds to believe” that the US had committed war crimes. In the same speech,...

TAT highlights “Healing is the New Luxury” at the Tourism Expo Japan 2026
Sep 27, 2026
TAT highlights “Healing is the New Luxury” at the Tourism Expo Japan 2026

TAT promotes "Healing is the New Luxury" in Japan, focusing on wellness, culture, and immersive travel for high-value tourists.

Buyers snap up new Hong Kong flats ahead of likely interest rate rises
Sep 27, 2026
Buyers snap up new Hong Kong flats ahead of likely interest rate rises

Hong Kong developers have already sold all of the more than 290 new flats they launched over the weekend, as buyers look to lock in mortgages ahead of an anticipated rise in interest rates later this year, according to property agents. The decision by the city’s major banks to hold rates steady despite the US Federal Reserve’s recent rate increase appeared to have given buyers a push, with many expecting local rates to rise in the coming months, said Derek Chan Hoi-chiu, head of research at...

PUVs must post fare matrix before charging higher fares -- ACTO
Sep 27, 2026
PUVs must post fare matrix before charging higher fares -- ACTO

Public utility vehicles (PUVs) without a printed fare matrix posted inside their vehicles cannot implement the recently approved fare hike and may face penalties, the Alliance of Concerned Transport Organizations (ACTO) said Sunday.

Global property investors see signs of recovery in China, but wary of oversupply: JLL
Sep 27, 2026
Global property investors see signs of recovery in China, but wary of oversupply: JLL

International investors who have seen early signs of recovery in mainland China’s office and retail property markets are expected to start buying when oversupply concerns are eased, according to global real estate firm JLL. Stuart Crow, JLL’s CEO for capital markets in the Asia-Pacific region, said foreign institutions would fall back in love with mainland property assets when new supply was absorbed by fresh take-up. “International investors are waiting for the real economy to really absorb...

Erwin Tulfo: System loss fee removal cannot be recovered as hidden charges
Sep 27, 2026
Erwin Tulfo: System loss fee removal cannot be recovered as hidden charges

Senator Erwin Tulfo on Sunday said electric companies cannot recover the proposed removal of system loss charges through other means, such as disguising them as hidden line items on consumers' bills.

Local Influences and Return Chasing: Entering a New Era in Emerging Equity Markets
Sep 27, 2026
Local Influences and Return Chasing: Entering a New Era in Emerging Equity Markets

This paper examines a shift in global equity flows, highlighting that local factors now dominate over global ones in emerging markets, driven by investor sensitivity to local returns post-COVID. Structural Shifts in Global Financial Flows The question of whether the global financial cycle still predominantly influences capital flows to emerging markets is explored in this […]