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Alibaba-backed EV startup XPeng says raises US$400 million for growth

Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd , said on Wednesday it has raised US$400 million from investors including Xiaomi Corp to fund its growth.

Markets

Regulators begin probe into Google-Ascension cloud computing deal: WSJ

A U.S. federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc's Google and Ascension Health which would give Google access to detailed health information of millions of patients, the Wall Street Journal reported on Tuesday.

Markets

Nissan shares skid after profit plunge, outlook cut

Shares of Nissan Motor slid more than 4per cent in early trade on Wednesday, a day after the Japanese automaker reported a 70per cent plunge in quarterly profit and slashed its full-year forecast to an 11-year low.

Markets

Some US airlines willing to take 737 MAX jets before pilot training approval: sources

Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said.

Markets

Airbus says could stretch A220 airliner, but has no current plan to do so

Airbus SE's Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday.

Markets

Commentary: Has China given up on pursuing growth?

The Chinese government’s top priority should be to arrest the decline in GDP growth, says former President of the China Society of World Economics Yu Yongding.

Markets

Commentary: Saudi Aramco’s US$1.5 trillion IPO flies in the face of reality

The Saudi government's oil firm is set to become the world's biggest public company, but investors are already betting against its long-term prospects, says Lancaster University's Mark Shackleton.

Markets

Commentary: Fear of missing out, loneliness may be behind record-breaking Singles’ Day sales

Is it time to reflect upon our extreme consumerism and think about what deeper psychological problems might undergird our purchases? The Singapore University of Social Science’s Dr Lau Kong Cheen certainly thinks so.

Markets

Trump, Apple CEO Tim Cook to tour Apple operations in Texas: sources

U.S. President Donald Trump and Apple CEO Tim Cook are expected to tour facilities in Texas where Apple products are made as soon as next week to showcase companies that keep jobs in America, according to two people familiar with the matter.

Markets

Facebook’s Libra a ‘good idea’, but still too many unknowns: panellists

<p>FACEBOOK'S embattled digital currency Libra may have faced fierce pushback from the get-go, but its attempt to solve the cross-border payments problem is still cautiously welcomed by some central bankers and private players.</p>

Markets

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