Volvo Car scraps sales-growth target due to slump in China

Volvo Car scraps sales-growth target due to slump in China

Published Fri, Jul 17, 2026 · 03:35 PM [STOCKHOLM] Volvo Car scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into profitability in the second quarter. The Swedish automaker controlled by China’s Zhejiang Geely Holding Group reported quarterly operating income of 826 million kronor (US$85.4 million)…

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Volvo Cars scraps sales-growth target due to slump in China

Volvo Car scraps sales-growth target due to slump in China

Published Fri, Jul 17, 2026 · 03:35 PM [STOCKHOLM] Volvo Cars scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into profitability in the second quarter. The Swedish automaker controlled by China’s Zhejiang Geely Holding Group reported quarterly operating income of 826 million kronor (US$85.4 million)…

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Kimi K3: China’s Moonshot Unveils World’s Largest Open-Weight AI Model, Challenging OpenAI and Anthropic

Kimi K3: China’s Moonshot Unveils World’s Largest Open-Weight AI Model, Challenging OpenAI and Anthropic

China’s artificial intelligence (AI) race has taken a dramatic leap forward with Moonshot AI unveiling Kimi K3, a 2.8-trillion-parameter open-weight large language model that is already sending shockwaves through the global developer community. Positioned as the world’s largest open-weight AI model, Kimi K3 is being hailed as one of the strongest indicators yet that Chinese…

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Missing multimillionaire, 80, ID’d as body found in Southern California shallow grave 45 years ago

Missing multimillionaire, 80, ID’d as body found in Southern California shallow grave 45 years ago

A “severely decomposed female body” found in a shallow grave 45 years ago in Southern California has been identified as a missing 80-year-old multimillionaire killed by her much younger lover. Thelma Jeanette Gaston, a real estate investor from Los Angeles County worth an estimated $20 million, was murdered by 39-year-old Lawrence Remsen, who forged documents…

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India’s SBI Funds Management attracts US$31 billion in bids in country’s 4th most subscribed IPO

India’s SBI Funds Management attracts US billion in bids in country’s 4th most subscribed IPO

The country’s largest asset manager oversees funds worth 12.5 trillion rupees as at March 2026 Published Fri, Jul 17, 2026 · 01:32 PM INDIA’S SBI Funds Management drew bids worth three trillion Indian rupees (US$31.1 billion), making the asset manager’s US$1 billion initial public offering the country’s fourth most subscribed issue. The subscription numbers include…

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India’s SBI Funds Management attracts over US$31 billion in bids in country’s 4th most subscribed IPO

India’s SBI Funds Management attracts US billion in bids in country’s 4th most subscribed IPO

The country’s largest asset manager oversees funds worth 12.5 trillion rupees as at March 2026 Published Fri, Jul 17, 2026 · 01:32 PM INDIA’S SBI Funds Management drew bids worth three trillion Indian rupees (US$31.1 billion), making the asset manager’s US$1 billion initial public offering the country’s fourth most subscribed issue. The subscription numbers include…

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Beloved mother identified as latest victim of SF boat tragedy

Beloved mother identified as latest victim of SF boat tragedy

The grieving family of a woman killed in the tragic San Francisco Bay boating disaster has confirmed her death, remembering her as their “beloved mother, daughter, sister, and aunt” after what began as a memorial cruise ended in heartbreak. The Office of the Chief Medical Examiner identified the victim recovered Thursday as 58-year-old Tondra Miller,…

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