Asia News

New cars of the "Dolphin" model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty ImagesChinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew.China's EV market, the world's largest and most crowded, is seeing fierce competition from local players as well as U.S. giants like Tesla to win as much market share as possible through promotions and price cuts."While across the board price cuts will put pressure on…

Xpeng showroom in Beijing showing the P7 electric sedan.Vcg | Visual China Group | Getty ImagesSHANGHAI — Chinese electric car company Xpeng announced Friday it will be rolling out its latest assisted driving software to users in the metropolis of Shanghai, something its U.S. rival Tesla does not offer in China.Previously the technology was only available for Xpeng drivers in Shenzhen and Guangzhou. The company already offers assisted driving on highways in China.related investing newsThe new tech, called XNGP, claims to…

From catching Covid-19 to getting caught in a blizzard, traveling can be risky business these days.But just how risky often depends on the destination — and how you define the risks.Safest cities: people's perceptionsA report published by the U.K.-based insurance company William Russell ranked the "safest cities in the world," according to people's perceptions.On this list, which relied on perceived crime rates on the crowdsourced global database Numbeo, Asia and Europe dominated the rankings of "safest" cities.Taiwan's…

A new report indicates the travel industry in Asia-Pacific may be the only one in the world to recover by 2023.This year's "Travel & Tourism Economic Impact" report — an annual publication by the London-based World Travel & Tourism Council — shows that, compared with pre-pandemic levels, tourism revenue in 2020 dropped more in Asia-Pacific (59%) than anywhere else.Recovery efforts in the region were muted in 2021, with most countries there maintaining strict border restrictions. Tourism revenue's contribution to…

A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company's initial public offering in New York, U.S., on Aug. 11, 2021.Michael Nagle | Bloomberg | Getty ImagesDelta Air Lines, which has watched competitors map future plans with electric vertical takeoff and landing aircraft startups, is joining the growing list of airlines looking to make short trips to and from airports faster and easier.  The carrier is investing $60 million in startup Joby…

The Block Island Wind Farm, photographed in 2016, is located in waters off the east coast of the United States.DON EMMERT | AFP | Getty ImagesThe White House said Thursday it was targeting 15 gigawatts of floating offshore wind capacity by the year 2035, as it looks to compete with Europe and Asia in the nascent sector."The Biden-Harris Administration is launching coordinated actions to develop new floating offshore wind platforms, an emerging clean energy technology that will help the United States lead on offshore…

From waiting tables to living in a basement apartment, three travel hosts tell CNBC about how they got to where they are.Here are their stories.Samantha BrownJob: Emmy-award winning TV host of "Samantha Brown's Places to Love"Started in: Comedy"I went to Syracuse University for musical theater because I so desperately wanted to move to New York City and become a thespian. I wanted to do Shakespeare and be on Broadway.That didn't pan out. I waited on tables for a good eight years. But I loved improv, and I was a part of an…

Ernestas Tyminas felt "stuck" in his role as a marketing manager at a newspaper in Colorado Springs, Colorado.So he requested two months off to backpack through Asia, he said, landing in Beijing in January 2019."On the first day … I meet this one," he said, gesturing to Darina Karpitskaya, sitting by his side. The couple, speaking to CNBC via video from Dubai, said they met via the travel app Couchsurfing, which links solo travelers together. Karpitskaya, 31, and a flight attendant at the time, had been grounded in…

People photographed in Bengaluru, Karnataka, India. According to the UN, India is home to over 1.4 billion people.Peter Adams | Stone | Getty ImagesIndia is on track to overtake China as the planet's most populous country next year, according to a U.N. report published on Monday.The report, from the population division of the U.N.'s Department of Economic and Social Affairs, said China and India were each home to over 1.4 billion people in 2022."India is projected to surpass China as the world's most populous country…

Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retailers which have not completely passed on price increases to consumers, and are currently feeling the "margin squeeze," Ernie Koh, the association's president told CNBC's Street Signs Asia Tuesday. Singapore utilities company SP Group announced that electricity tariffs will be bumped up by about 8% compared to the previous…