Tag Archives: Fresh
Fresh blows to China’s troubled EV maker Neta: here’s how the one-time EV darling got here
Business
A Neta S electric sports sedan was showcased in one of the company’s offline shops in Shanghai on Monday, August 21, 2023. Credit: TechNode/Jill ShenChinese electric vehicle startup Neta Auto is facing mounting challenges after an advertising firm filed for bankruptcy proceedings against its parent company, in the latest blow to the former EV darling, which has been trying to regain investor confidence following unpaid debt, mass layoffs, and tales of factories lying idle.
Neta’s financial woes are rapidly approaching the critical stage. The company, already backed by multiple Chinese regional authorities and a number of prominent investors, has had difficulties securing new investors, with unpaid debts totalling nearly RMB 10 billion ($1.4 billion), according to a recent report by Chinese financial media outlet Caixin. The news comes just three years after Neta was seen...
Fresh Twist As Mt. Kenya MPs Disown DP Impeachment Motion They Just Signed
Politics tamfitronics In a fresh twist, several Members of Parliament from the Mt. Kenya region have withdrawn their support for a motion to impeach Deputy President Rigathi Gachagua, despite having initially endorsed it.This development has added a new dimension to the impeachment process, that threatens to end Gachagua’s short career in elected politics.Among those who have changed their stance are MPs Geoffrey Wandeto (Tetu), Rahab Mukami (Nyeri), and Njoroge Wainaina (Kieni). These legislators have now declared that they will not proceed with efforts to remove DP Gachagua from office.Rahab Mukami explained her change of heart, stating, “After soul-searching and reading through the motion I realised this is something our deputy president and the President sit down and resolve because Kenya is bigger than all of us. I have listened to the ground and the people...
Fresh threats to £1.7bn Stonehenge tunnel plans
Top Stories Tamfitronics Keir Starmer has promised to take a fresh look at the controversial £1.7bn Stonehenge tunnel project as United Nations chiefs called for the ancient site to be placed on the List of World Heritage in Danger due to the proposals.The Labour leader told the BBC that his party would “review” the Wiltshire project once a legal case against it has run its course. It comes after campaigners were this month granted permission to challenge an earlier ruling that the road project should go ahead.The scheme was initially approved by ministers in November 2020 but has been subject to legal wrangling ever since.Starmer said: “Certainly something needs to be done at Stonehenge because the traffic there is awful. I think the current plan is evidence of how long infrastructure projects take under this...
