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China manufacturing activity surges in February
China's manufacturing activity surged to its highest reading in more than a decade in February, official figures showed Wednesday, as factories began to return to normal following years of Covid-19 disruption. February's figures reflected the subsiding of case numbers after a surge that began in December, coupled with the return to work after the Lunar New Year holiday.
Tesla to invest about $5 billion in Mexico plant: government
American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday. Earlier Tuesday, Mexican President Andres Manuel Lopez Obrador announced that Tesla was going to open a plant in Monterrey, northern Mexico, about 200 kilometers (120 miles) from the US border.
Nigeria gas fuels Morocco, Algeria pipeline power struggle
Adversaries Morocco and Algeria are each racing to build a conduit pumping Nigerian gas to European markets, even as the continent aims to wean itself off fossil fuels. But they would also come online as Europe engages in longer term efforts to wean itself off fossil fuels -- including gas.
Asian markets rise as China data spurs recovery hopes
Asian markets rose Wednesday as data showed decade-high Chinese factory activity last month after leaders began reopening the economy from years of painful zero-Covid measures. The challenge will come from the weakening external market, which could affect exports and manufacturing activity related to exports."
Musk to update vision for Tesla at investor day
Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day. The event, which will be held at Tesla's factory in Texas, will be webcast at 2100 GMT on Wednesday.
White House open to tighter curbs on TikTok
The White House on Tuesday said it is open to further action on curbing TikTok, as legislation to ban the Chinese-owned app in the United States began making its way through Congress. The House Foreign Affairs Committee was set to vote later Tuesday on legislation introduced by Republicans that would give Biden the authority to outright ban TikTok in the United States.
Hundreds of passengers stranded in Colombia, Peru as Viva Air grounded
Hundreds of passengers were stranded Tuesday at airports in Colombia and Peru after low-cost airline Viva Air suspended operations due to financial difficulties. Viva Air, on its website, "regretfully announces the suspension of its operation, due to delays in the timely definition of the alliance that would allow its integration with a stronger and larger airline group."
How 5G disappointed 'pretty much everybody'
Driverless cars, fridges that talk to toasters, breathtaking immersive reality, mind-blowing gaming experiences –- 5G was going to enable it all, and telecom companies were going to make a packet.
Liechtenstein's oldest newspaper closing after 145 years
After 145 years chronicling the life and times of Liechtenstein, the tiny principality's oldest daily newspaper announced Tuesday that it would close down next month. An agreement has also been reached so that subscribers can now receive the country's other main daily newspaper, the Liechtensteiner Vaterland, which has been running since 1936.
AFP
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