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BYD And VinFast Race To Dominate Southeast Asia's EV Market
BYD And VinFast Race To Dominate Southeast Asia's EV Market
BYD and VinFast are rapidly expanding their presence in Southeast Asia, where electric vehicles are gaining traction and competition is intensifying, according to Nikkei. Both companies have emerged as the fastest-growing car brands in the region’s six largest markets in 2025, with sales rising about 95% for BYD and 90% for VinFast compared with the previous year.
VinFast sold more than 100,000 vehicles across countries including Indonesia, Vietnam, and Thailand, while BYD delivered roughly 70,000 units. Together, they account for around...
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Apr 9, 2026 / Tyler Durden
Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns
Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns
The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory.
Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...
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Jun 8, 2026 / Tyler Durden
'Chat Is Dead': OpenAI's Pre-IPO Makeover Into A "Superapp"
'Chat Is Dead': OpenAI's Pre-IPO Makeover Into A "Superapp"
The year the private-AI complex finally has to show its work has arrived, and ChatGPT maker OpenAI is about to add some major garnishing to the prospectus before their upcoming IPO - in what FT is calling the "biggest overhaul of ChatGPT since launch."
"It will transcend the actual surface . . . what we’re building towards is where you have your own personal agent that is capable of helping you . . . across everything in your life, be it personally or at work,"...
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Jun 25, 2026 / Tyler Durden
75% Of US GDP Growth In The First Quarter Was Due To AI
75% Of US GDP Growth In The First Quarter Was Due To AI
On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.
The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a...
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