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BYD: Chinese electric vehicle giant with surging profits
BYD: Chinese electric vehicle giant with surging profits
Economy
by  AFP

China's BYD posted a record annual profit for 2023 on Tuesday, just months after surpassing Tesla to become the world's leading electric vehicle seller. That push saw it announce sales of 526,409 all-electric cars in the fourth quarter of 2023 -- surpassing Tesla's 484,507 in the same period.

BBC eyes funding reform as further cuts loom
BBC eyes funding reform as further cuts loom
Economy
by  AFP

The BBC is looking at reforming its main source of funding in the light of a government freeze and inflationary pressures, director-general Tim Davie said on Tuesday. To help bolster the corporation, which was set up in 1922, the BBC is planning to "proactively research" how to reform the licence fee before its charter is renewed in 2028, Davie revealed.