Alibaba Group Holding Ltd. drove a rebound in Chinese tech stocks in Hong Kong on Tuesday, as bargain hunters piled in amid improved sentiment following Beijing’s move to bolster the economy.
Elon Musk, the CEO of Tesla Inc. and SpaceX, said that President Joe Biden’s “Build Back Better” bill, which includes federal funding for electric vehicle charging stations, should be canned because it would add to the country’s deficit.
Mexico’s energy reform has been delayed until next year amid a lack of support for its passage by members of the opposition parties, according to a top ruling-party lawmaker.
Intel Corp. plans to list shares of its Mobileye self-driving car business, according to a person familiar with the situation, letting the chipmaker capitalize on its investment in a burgeoning industry.
AIA Group Ltd. has divested billions of dollars of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector.
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