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Tencent profits halve due to security crackdown and Covid-19 virus | Financial Market News

China’s Tencent said Wednesday that its quarterly profit has halved from a year ago and revenue is stagnant, blaming cuts in advertising spending by consumers, e-commerce and travel for its worst performance since it went public in 2004. The operator of the WeChat messaging platform and the world’s largest video game company said ad sales …

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Electric vehicle battery costs set to rise as raw materials shortage continues

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, Jan. 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost of electric car production is poised to rise over the next four years, according to a new report, as a result of …

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After the “Hippies” and “Beetle” buses, Volkswagen heads to America again

As Volkswagen looks to revive the Scout brand in the US, CEO Herbert Diess highlighted the decision, saying it represented an opportunity for the German car giant to “become much more American”. Volkswagen announced plans to relaunch the Scout as an all-electric pickup and “rugged” SUV last Wednesday, with prototypes due to be revealed in …

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