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The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue[SINGAPORE] Shares of Nio tumbled as much as 13.8 per cent after Singapore’s sovereign wealth fund GIC on Thursday (Oct 16) filed a lawsuit against the Chinese electric vehicle (EV) maker and its top executives.The suit alleges that Nio unlawfully recognised immediate revenue of more than US$600 million from a battery asset and leasing joint venture, Weineng Battery Asset, which was actually controlled by Nio and which it failed to disclose. Shares of Nio on the Singapore Exchange dropped as much…
BREDA, Netherlands, Oct. 16, 2025 /PRNewswire/ — Today, on World Food Day, Breda University of Applied Sciences (BUas) announces they will participate in a three-year food research project. Together with the Louis Bolk Institute and Wageningen University & Research (WUR) and a large group of partners, BUas will examine how the way we eat in professional environments can change for the better. BUas will test in company canteens of hospitals how hospital staff and external visitors can be further encouraged to make healthier and more sustainable food choices. BUas Cantine …
The Toronto Blue Jays hit their third HR of the game, extending their lead over the Seattle Mariners.
It’s accusing Nio of fraud via manipulation of battery ‘sales’; seeks damages for its purchase of 54 million Nio depositary shares [SINGAPORE] The Republic’s sovereign wealth fund GIC has filed a lawsuit against China electric vehicle (EV) manufacturer Nio , its current chairman and CEO Li Bin (also known as William Li) and ex-CFO Feng Wei, according to court documents seen by The Business Times on Thursday (October 16). GIC is claiming damages sustained from its purchase of 54,458,148 NIO American depository shares (ADSs) during the period from Aug 11, 2020, to Jul 11, 2022, at prices “that were inflated…
For the first time in more than a decade, the number of states with rates of obesity of 35% or more dropped, an encouraging sign that America’s epidemic of excess weight might be improving. But cuts to federal staff and programs that address chronic disease could endanger that progress, according to a new report released Thursday. Nineteen states had obesity rates of 35% or higher in 2024, down from 23 states the year before, according to an analysis of the latest data collected by the U.S. Centers for Disease Control and Prevention. The CDC data was analyzed by the nonprofit…
TAIPEI :TSMC, the world’s largest contract chipmaker, posted a 39.1 per cent jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications.Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 billion ($14.76 billion).The profit handily beat a T$417.7 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.($1 = 30.6390 Taiwan dollars)
MANILA, Philippines — MANILA, Philippines (AP) — Most Asian stock indexes rose on Thursday, tracking gains on Wall Street following a topsy-turvy trading day.U.S. futures were nearly flat, while oil prices were higher.Japan’s Nikkei 225 rose 0.8% to 48,069.71 as investor sentiment was lifted by a strong start to the earnings season and expectations of U.S. rate cuts.Japan’s core machinery orders, excluding ships and electric power, fell 0.9% month-on-month in August, missing market expectations for a 0.4% gain but showing marked improvement from a 4.6% drop in July, according to data released Thursday.South Korea’s Kospi surged to a record high,…
Alejandro Kirk hit a 3-run HR to score the Blue Jays’ 12th run of the game 😱
The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | ReutersTaiwan Semiconductor Manufacturing Company on Thursday reported a 39.1% increase in third-quarter profit from last year, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong.Here are the company’s results versus LSEG SmartEstimates:Revenue: NT$989.92 billion new Taiwan dollars, vs. NT$977.46 billion expectedNet income: NT$452.3 billion, vs. NT$417.69 billion TSMC’s revenue in the September quarter rose 30.3% from a year ago to NT$989.92 billion, also beating estimates. Quarter over quarter, net income increased 13.6%, marking its second consecutive quarter of…
Seattle Mariners’ Randy Arozarena & Cal Raleigh crushed back-to-back home runs against the Toronto Blue Jays.