SHANGHAI, July 5 Reuters Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country39;s artificial intelligence sector even as it faces U.S. sanctions. More than 150 AIrelated products and solutions are being exhibited at […]

July 5 Reuters Chinabased electric automaker Nio said on Friday Steven Wei Feng has stepped down as its chief financial officer, effective immediately, citing personal reasons. Feng would be succeeded by insider Stanley Yu Qu, who had joined the company in October 2016 and last served as a senior vice president of finance. Qu is now […]

July 5 Reuters With the European Union39;s extra duties on Chinesemade electric vehicles EVs taking effect on Friday, some carmakers have been considering whether to raise their prices or take other measures in response. So far, only Tesla has announced plans to increase prices, while Chinese brands MG and NIO suggested they might increase the cost of their cars in Europe […]

HONG KONG, July 5 Reuters Hong Kong39;s Cathay Pacific Airways will buy back the remaining 50 of preference shares that were issued to the Hong Kong SAR Government on July 31, the company said on Friday. Cathay said it will pay any remaining unpaid preference share dividends up to July 31, bringing total preference share dividends […]

Reuters The Canadian government has approved Glencore39;s 6.93 billion acquisition of miner Teck Resources39; steelmaking coal unit with strict conditions to preserve jobs, the country39;s industry minister said on Thursday. To secure the approval, Glencore has agreed to maintain Canadian headquarters for Elk Valley Resources EVR for at least 10 years, ensure a majority of the directors […]

July 5 Reuters French technology company Atos said on Friday it had successfully secured shortterm financing via two tranches of loans from creditors, adding it still expected to reach a final restructuring agreement this month. These additional tranches of 225 million 243.41 million and 350 million of revolving credit facility are subject to an amendment of […]