Up-and-coming Chinese EV maker NIO’s stock is falling after announcing a proposed total of $1 billion in convertible senior notes on Monday. NIO revealed in an SEC filing it plans to issue two batches of $500 million notes, convertible to American depository shares (ADS) with long-dated maturities in 2029 and 2030. The EV maker plans
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Aerial view of the China Petroleum & Chemical Corp. (Sinopec) Jiujiang oil refinery. Vcg | Visual China Group | Getty Images China’s demand for oil could peak by the end of the decade — and with its economic recovery still in limbo, can global oil markets continue to rely on China? “For 20 years, the
Billionaire entrepreneur Elon Musk‘s brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients. Those with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the study, it said but
The rate of inflation has eased slightly to 6.7% confounding the predictions of economists that it would rise. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed in the 12 months to August, from the 6.8% figure reported the previous month, thanks to food rising at a weaker pace during
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Portrait of Lina Khan, the author of the Yale Law Journal article, “Amazon’s Antitrust Paradox” which has been read much more than any other law article. Khan was photographed at her home in Larchmont, New York on July 7th, 2017. The Washington Post | The
Hunter Biden will plead not guilty to a federal firearms charge following the collapse of a plea deal. Lawyers for President Joe Biden’s son confirmed their intention in a letter to the judge while also asking for the initial court appearance to be held remotely. The 53-year-old was indicted last week for possessing a gun
Rishi Sunak looks set to weaken key climate pledges in a move that has drawn heavy criticism from Tory MPs and environmental groups. The prime minister said he remains committed to the net zero target by 2050 but will achieve it “in a better, more proportionate way”. It comes after a report in the BBC
A TV executive who worked at a company that hired Russell Brand has described the allegations against the star as “depressing”. Phil Edgar-Jones was creative director of Remarkable Pictures, part of Endemol UK, and oversaw Big Brother during its Channel 4 years. Speaking to Sky News, he said: “There was never any sense that he’d
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Naba Banerjee, Airbnb Source: Prashant Joshi | Airbnb Naba Banerjee is a proud party pooper. As the person in charge of Airbnb’s worldwide ban on parties, she’s spent more than three years figuring out how to battle party “collusion” by users, flag “repeat party houses”
Scottish EV startup Munro Vehicles has added a third variant of its all-electric MK 1 4×4 that initially debuted last year. Today, the company introduced the MK 1 Mountain Rescue Edition – an EV tailored to the requirements of emergency rescue and fire teams that provides 4×4 capabilities with zero emissions. Munro Vehicles was founded in
Prince Abdulaziz bin Salman at the World Petroleum Congress in Calgary, Canada, on Sept. 18, 2023. Bloomberg | Bloomberg | Getty Images Saudi Arabia’s energy minister said Riyadh and Moscow’s decision to extend crude oil supply cuts is not about “jacking up prices,” as Brent futures hover near $95 a barrel and analysts predict further
The Myanmar military junta is deliberately targeting medical facilities and medical staff with airstrikes, raids by soldiers and the burning down of buildings, using a map of public hospitals and clinics they drew up in 2019, according to a new report shared exclusively with Sky News. Myanmar Witness, a project run by the UK-based Centre
Sep 19, 2023, 08:00 AM ET HENDERSON, Nev. — With training camps opening up this week, and a preseason game in [checks notes] Australia on Friday, the NHL is close to being back in action. This summer was an eventful one, with a new franchise icon in Chicago in Connor Bedard, a handful of key
The Online Safety Bill has passed its last parliamentary hurdle in the House of Lords, meaning it will finally become law after years of delay. The flagship piece of legislation aims to regulate online content to help keep users safe, especially children, and to put the onus on social media companies to protect people from
Five people released from Iran in a controversial prisoner swap deal with the US have touched down on American soil. The prisoners were freed after President Joe Biden agreed to the release of almost $6bn (£4.84bn) in frozen Iranian assets. Conservationist Morad Tahbaz – who has British, US and Iranian citizenship – was released alongside
Sep 9, 2023, 02:31 PM ET There are still weeks left to go in the 2023 MLB regular season, but a few teams — mainly the red-hot Atlanta Braves — are already looking toward October. The Braves, along with the Baltimore Orioles and Los Angeles Dodgers, are on track to secure a postseason berth soon.
The CBI, the ailing business group, has acknowledged its financial travails for the first time as it postponed what was set to be a crucial annual meeting this week. Sky News has seen a message from the CBI to members which admitted it had “experienced some short term cashflow challenges”. It insisted, however, that it
Joe Biden has said the world must stand up to Russia’s “naked aggression” and support the people of Ukraine. Speaking to the UN General Assembly, he said Moscow alone bears responsibility for the war, stands in the way of peace, and has the power to end the conflict immediately. The US president urged UN members
Andrew Sachs’ granddaughter Georgina Baillie has argued that YouTube suspending earnings from Russell Brand’s channel is “cancel culture”. Baillie, 38, who had an on-off relationship with Brand in the 2000s, said although she didn’t know all the details of the allegations, some of the evidence is “compelling”. The actress was at the centre of the
YouTube has suspended adverts on videos by Russell Brand after the comedian was accused of rape and sexual assault. The Google-owned company said it had suspended the monetisation of Mr Brand’s channel for “violating our Creator Responsibility policy”. “If a creator’s off-platform behaviour harms our users, employees or ecosystem, we take action to protect the