BEIJING (Reuters) - Didi Global fell to a first-quarter net loss of 1.4 billion yuan ($193 million), China's largest ride-hailing company reported on Wednesday.
Revenue increased by 14.9% to 49.1 billion yuan, it said.
($1 = 7.2490 Chinese yuan renminbi)
(Reporting by Liam Mo and Casey Hall; editing by Jason Neely)
BERLIN (Reuters) - Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth did decline in one state.
Economists will pay close attention to the national data later on Wednesday, as Germany publishes its figures before a euro zone inflation data release expected on Friday.
The inflation rate in North Rhine-Westphalia,... (continue reading...)
SHANGHAI (Reuters) - China's Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
Geely's engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co.
Geely said this was among the highest in the world, and would reduce fuel... (continue reading...)
BEIJING (Reuters) - Chinese company Galactic Energy successfully launched its Ceres-1 rocket carrying satellites into orbit on Wednesday, state media reported, in the latest sign of the growing strength of China's commercial space sector.
The Beijing-based company was forced to apologise to its customers last September after a failed launch of a Ceres-1 rocket, which is capable of delivering a 300kg payload to a 500km sun-synchronous orbit.
... (continue reading...)(Reuters) - The White House on Wednesday unveiled nearly $900 million in awards to 530 school districts to replace thousands of aging, gas-fueled school buses with cleaner, mainly electric models.
The funding is the third tranche of $5 billion that the U.S. Environmental Protection Agency (EPA) will hand out over five years through a clean school bus program created by the Bipartisan Infrastructure Law in 2021.
The EPA rebates will... (continue reading...)
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