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☆ Tesla's Dec sales of China-made cars fall to the lowest in five months
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly SongSHANGHAI, Jan 5 (Reuters) - Tesla Inc (TSLA.O) delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday. It also marks the fewest monthly deliveries since July when most production at Tesla's Shanghai plant was suspended due to an upgrade to its production lines. For the whole of 2022, the U.S. automaker delivered 50% more vehicles produced in its Shanghai plant compared with 2021, the CPCA data showed. Tesla suspended production at its Shanghai plant, its most productive manufacturing hub, from Dec. 24 to Jan. 2 as part of the output reduction efforts, Reuters reported previously.

☆ Tesla, EV rivals absorb costs after China pulls plug on subsidy
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Tesla electric vehicle is seen through a charging point displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. The subsidy accounted for around 3% to 6% of the cost of the best-selling electric vehicles in China last year, a Reuters analysis found. It paid out nearly $15 billion to encourage EV purchases through 2021, according to an estimate by China Merchants Bank International. Tesla, meanwhile, is defending its market share by selling the basic, rear-wheel drive Model Y for 288,900 yuan ($42,053.63) in China, unchanged from December. China's Association of Automobile Manufacturers said in December it expected sales of EVs and plug-in hybrids to grow by 35% in 2023, accounting for a third of total vehicle sales.

☆ Tender sale of Evergrande's Hong Kong headquarters fails again -sources
▼ + stars: | 2023-01-03 | by ( Clare Jim | ) www.reuters.com time to read: +2 min

[1/2] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly SongHONG KONG, Jan 3 (Reuters) - A tender for the sale of embattled China Evergrande Group's (3333.HK) headquarters in Hong Kong has lapsed again, two sources with knowledge of the matter said on Tuesday, because the offer prices and terms fell short of requirements. The tower had been pledged against a loan of HK$7.6 billion from lenders led by the Hong Kong subsidiary of Chinese state-owned China Citic Bank Corp Ltd (601998.SS). Evergrande and Savills, the agent for the tender sale, declined to comment. ($1=7.8102 Hong Kong dollars)Additional reporting by Ziyi Tang in Beijing; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Lenders fail to sell Evergrande's Hong Kong headquarters by tender - sources
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly SongHONG KONG, Jan 3 (Reuters) - The tender sale of embattled China Evergrande Group's (3333.HK) Hong Kong headquarters has lapsed again, two sources with knowledge said, because the offer prices and terms did not meet requirements. Chinese state-owned China Citic Bank Corp Ltd (601998.SS), whose Hong Kong subsidiary leads the lender group, did not immediately respond to request for comment. Evergrande and Savills, agent for the tender sale, declined to comment. ($1 = 7.8102 Hong Kong dollars)Reporting by Clare Jim; Additional reporting by Ziyi Tang in Beijing; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Important: The standard deduction is just one of many tax deductions for which you may be eligible. Standard deduction: 2022 and 2023The amount of the standard deduction is adjusted every year to account for inflation. How the standard deduction worksWhen you file your federal tax return, you can choose to use either the standard deduction or itemize your deductions, whichever amount is highest. Quick tip: If you're not sure whether to take the standard deduction or itemize deductions, talk to a tax professional. If your income is less than the standard deduction then you do not have to file a federal tax return.

"Dick Clark's New Year's Rockin' Eve" will kick off at 8 p.m. You can watch it on ABC, or livestream it via services like Hulu + Live TV and YouTube TV. Here's how to stream "Dick Clark's New Year's Rockin' Eve," along with a full breakdown of performers. Where to watch 'Dick Clark's New Year's Rockin' Eve 2023'You can watch "Dick Clark's New Year's Rockin' Eve" on ABC at 8 p.m. Who is performing at 'New Year's Rockin' Eve 2023'?

☆ China to drop COVID tests for inbound travelers from Jan. 8
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: 1 min

[1/2] A medical worker in a protective suit collects a swab sample from a man at a nucleic acid testing site, as coronavirus disease (COVID-19) outbreaks continue in Shanghai, China, December 12, 2022. REUTERS/Aly SongDec 28 (Reuters) - China will drop a requirement for inbound travellers to take COVID-19 PCR tests starting from Jan 8, 2023, customs authorities said on Wednesday. PCR checks for imported chilled and frozen foods will also be dropped, China's General Administration of Customs said. China's management of COVID-19 is set to be downgraded to the less strict Category B from the top-level Category A from Jan. 8, the health authority said on Monday. Reporting by Beijing Newsroom; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

You can buy your pet insurance through a company you know, like Nationwide pet insurance, or seek a specialty pet insurance provider like the ASPCA. Read our review Read Our Review A looong arrow, pointing rightCompare the best pet insurance in CaliforniaBest overall: PumpkinPumpkin pet insurance gets about as close to a one-size-fits-all solution as you can with insurance. Best cheap pet insurance: LemonadeThe Lemonade pet insurance system is built for digital automation. Best for senior pets: SpotSpot pet insurance offers both wellness plans and accident and illness pet insurance plans. Run pet insurance quotes for comparison: Insider looks at average pricing for pet insurance products being reviewed.

[1/3] An empty road is pictured at Shanghai Central Business District (CBD) as coronavirus disease (COVID-19) outbreaks continue in Shanghai, China, December 23, 2022. Subway trains in Beijing and Shanghai were packed, while some major traffic arteries in the two cities jammed with slow-moving cars on Monday as residents commuted to work. An annual Christmas market held at the Bund, a commercial area in Shanghai, was also crowded over the weekend. Crowds thronged the winter festive season at Shanghai Disneyland and Beijing's Universal Studios on Sunday, queuing up for rides in Christmas-themed outfits. The city of Qingdao, in the eastern Shandong province, has estimated that up to 530,000 residents were being infected each day.

☆ Tesla suspends production at Shanghai plant - internal notice
▼ + stars: | 2022-12-24 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

SHANGHAI (Reuters) - Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. The Shanghai plant has been focused on making models for export in the last week, the person added. A media representative at Tesla China did not immediately respond to request for comment. The Shanghai factory, the most important manufacturing hub for Elon Musk’s electric vehicle company, kept normal operations during the last week of December last year.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

Reuters could not immediately establish if the deaths were due to COVID. The NHC also reported 1,995 symptomatic infections for Dec. 18, compared with 2,097 a day earlier. A hashtag on the two reported COVID deaths quickly became the top trending topic on China's Twitter-like Weibo platform on Monday morning. But it is not just the elderly that are wary of vaccines in China. While China's medical community in general doesn't doubt the safety of China's vaccines, some say questions remain over their efficacy compared to foreign-made mRNA counterparts.

☆ I was a medical student and accidentally blew up on Tiktok. Now I have a new side hustle as an influencer.
▼ + stars: | 2022-12-17 | by ( Rasha Aly | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Norman Harris II, 25, a third-year medical student at Temple University in Philadelphia, who works as a student influencer. How many hours to dedicate to being a Tiktok influencer and a medical student is a balancing act. I want to preserve my brand — being a medical student at Philadelphia's Temple University who wants to make a social impact while having a comedic flair. Walking a tightrope between two careersBeing a student influencer and a medical student takes work — determining how many hours to dedicate to each profession is a balancing act. When I became a medical student, the YouTube videos became too long to edit.

[1/2] An excavator sift through dunes of low-grade coal near a coal mine in Pingdingshan, Henan province, China November 5, 2021. High gas prices following Russia's invasion of Ukraine and consequent disruptions to supply have led some countries to turn to relatively cheaper coal this year. Europe's coal demand has risen due to more switching from gas to coal due to high gas prices and as Russian gas has reduced to a trickle. However, by 2025 European coal demand is expected to decline below 2022 levels, the report said. The three largest coal producers - China, India and Indonesia - will all hit production records this year but despite high prices and comfortable margins for coal producers, there is no sign of surging investment in export-driven coal projects.

☆ As China seeks to live with the virus, COVID-control industries face decline
▼ + stars: | 2022-12-16 | by ( Eduardo Baptista | ) www.reuters.com time to read: +4 min

[1/2] Workers in protective suits wait for people at a nucleic acid testing site, as the coronavirus disease (COVID-19) outbreak continues, in Shanghai, China, December 9, 2022. A day later though, the 43-year-old lost her job as one of the city's many hazmat-suited COVID swab testers. The industries had become big business over the course of the pandemic and are huge employers even if precise statistics are hard to come by. It remains to be seen just how painful China's dismantling of its COVID-control infrastructure will be for companies and their staff. ($1 = 6.9605 Chinese yuan)Reporting by Eduardo Baptista; Editing by Brenda Goh and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

[1/4] Women wearing face masks and face shields talk on a street, as coronavirus disease (COVID-19) outbreaks continue in Shanghai, China, December 12, 2022. Reuters witnessed similar queues outside clinics in the central city of Wuhan, where COVID-19 first emerged three years ago. But the figures reflect the dropping of testing requirements, say analysts, while Chinese health expects have warned of an imminent surge. Yet China is pushing ahead with efforts to free up nationwide travel, even if foreign trips may still be a while off. The number of domestic flights available across China exceeded 7,400, nearly double from a week ago, flight tracker app VariFlight showed.

In the central city of Wuhan, where the pandemic erupted in late 2019, there were more signs of life with some areas busy with commuters on Friday. "They've relaxed the measures but still, there’s nobody about," said a taxi driver surnamed Wang, who didn't want to give his full name. But there are signs the reassuring new message has still to convince many of the country's 1.4 billion people. China's current tally of 5,235 COVID-related deaths is a tiny fraction of its population of 1.4 billion, and extremely low by global standards. Some experts have warned that toll could rise above 1.5 million if the exit is too hasty.

☆ Exclusive: Chinese grab Russian car market share after Western rivals depart
▼ + stars: | 2022-12-08 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +3 min

Reuters GraphicsRussia's new passenger car and LCV sales were 46,403 in November, the Association of European Businesses (AEB) said on Tuesday, and sales should reach around 600,000 for this year overall. "There is little production of Western car brands and few imports, so the market is divided between the Russian and Chinese car industries," Russian automotive analyst Vladimir Bespalov told Reuters. Russian cars satisfy demand at lower prices - up to about 1.5 million roubles ($23,961), and Chinese are also taking over the Western niche of prices above 2.5 million roubles. In one high-profile case, a Chinese car is masquerading as Russian one. In monetary terms, the share could surpass 40% of what he expects will be a 1.5-trillion-rouble market in 2023.

☆ Factbox: China's rigid zero-COVID-19 policy starts to thaw
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

Beijing has not officially said it is ending its zero-COVID policy, but the adjustments are the clearest sign yet China is quickly pivoting away from that policy and towards letting its people live with the disease. Health officials are still warning that trends in fatalities will be closely watched in case a return to tougher measures is needed. Over the past few weeks, authorities have made varying policy changes in cities such as Guangzhou and Beijing, despite recent record infections. With jubilation, especially in big cities, frustrated by the inconvenience, uncertainty, economic toll and travel hurdles that came with zero-COVID. Also, time will tell with the winter flu season and the annual session of parliament that usually starts on March 5.

☆ I'm a special education teacher who can make up to $1,000 a month making jewelry and crafts as a side hustle
▼ + stars: | 2022-12-03 | by ( Rasha Aly | ) www.businessinsider.com time to read: +5 min

It's a way for me to relax when I return home from my job as a special education teacher. My business, Teacher Mom Craft Shop, blossomed from there. Now, I display new items at the shop about once a month or every other month, alongside ten other artisans. My earrings usually range from $8 to $20. Right now, I'm working on a new line for young girls, which I'm naming in honor of my baby, Bonnie's Closet.

☆ Chinese papers go black in mourning for late leader Jiang Zemin
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +3 min

[1/6] A Chinese flag is lowered to half-staff, following the death of former Chinese President Jiang Zemin, in Shanghai, China, December 1, 2022. REUTERS/Aly SongBEIJING, Dec 1 (Reuters) - Chinese newspapers turned their front pages black on Thursday and flags were put at half mast in mourning for the death of former president Jiang Zemin, whose death has prompted a wave of nostalgia for the more liberal times he oversaw. Jiang died in his home city of Shanghai just after noon on Wednesday of leukaemia and multiple organ failure. "Beloved comrade Jiang Zemin will never be forgotten," it said in its headline, above a story republishing the official announcement of his death. "Having someone educated as leader really is a good thing, RIP," wrote one user on WeChat adding a candle emoji.

☆ Renault-Airbus partnership to develop new generation of electric batteries
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] A model of Airbus A350-1000 jetliner is displayed at the China International Aviation and Aerospace Exhibition, or Airshow China, in Zhuhai, Guangdong province, China September 28, 2021. REUTERS/Aly Song/File PhotoPARIS, Nov 30 (Reuters) - European planemaker Airbus (AIR.PA) announced on Wednesday a partnership with French carmaker Renault (RENA.PA) to develop a new generation of electric batteries for cars and planes. Engineering teams from both companies will join forces to mature technologies related to energy storage, one of the main roadblocks for the development of long-range electric vehicles, Airbus said in a statement. "Aviation is an extremely demanding field in terms of both safety and energy consumption, and so is the car industry." The collaboration will focus on energy management optimisation and battery weight improvement while also studying the full life cycle of future batteries and assessing their carbon footprint.

REUTERS/Aly Song/File PhotoLONDON, Nov 29 - A look at the day ahead in U.S. and global markets from Mike Dolan. They also cheered a relaxation of regulations on developer fundraising that eases the smouldering property sector bust. A crackdown on demonstrations happened simultaneously, with Chinese authorities making inquiries into some protesters as police flooded the city's streets. Strikingly, hawkish Dutch central banker Klaus Knot also said forecasts of recession may be overdone and fears of "overtightening" policy were a "joke". His boss European Central Bank President Christine Lagarde said euro zone inflation, which is expected to ease this month but remain above 10%, has not yet peaked, encouraging speculation of another swingeing 75 basis point interest rate rise next month.

☆ China property shares surge on opening up of equity financing option
▼ + stars: | 2022-11-29 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

REUTERS/Aly SongHONG KONG (Reuters) - Shares of Chinese property companies soared on Tuesday after the country’s securities regulator lifted a ban on equity refinancing for listed property firms, in the latest support measure for the embattled real estate sector. The China Securities Regulatory Commission (CSRC) said late on Monday it would broaden equity financing channels, including private share placements for China and Hong Kong-listed Chinese developers, lifting a years-long ban. The latest regulatory measure comes Beijing steps up support for the property sector, a pillar accounting for a quarter of the world’s second-biggest economy. Beijing suspended refinancing by listed property firms in August 2009 as part of its attempts to control surging home prices. Regulators briefly lifted the suspension by granting approval to refinancing requests by a selection of property firms starting from 2013, but imposed back restrictions in 2016 to curb housing prices.

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