Tesla secures $565m loan from Chinese bank for Shanghai plant

Tesla secures $565m loan from Chinese bank for Shanghai plant

PALO ALTO, U.S. — Tesla has entered into an agreement with a Chinese bank for an unsecured revolving-loan facility of up to 4 billion yuan ($565 million), according to a regulatory filing Friday. The credit line will be used for “continued expansion of...
On Japan’s rough seas, Indonesian rookie fishermen dream big

On Japan’s rough seas, Indonesian rookie fishermen dream big

TOKYO — “I’ve got one, bring me more bait!” a fisherman roared while pulling his catch aboard the Mitsumaru. Three rookies obliged, dodging the fish zipping past their faces like bullets. Sutriyo, Faizin and Dadang came to Japan during the...
Tesla secures $565m loan from Chinese bank for Shanghai plant

Tesla secures $560m loan from Chinese bank for Shanghai factory

PALO ALTO, U.S. — Tesla said it entered into an agreement with a Chinese bank for an unsecured revolving loan facility of up to 4 billion yuan ($565 million) on Thursday, according to a regulatory filing on Friday. The credit line will be used for...
EU battles to fend off China’s ‘mask diplomacy’ in Balkans

EU battles to fend off China’s ‘mask diplomacy’ in Balkans

BRUSSELS — As the novel coronavirus spreads in the Balkans, the European Union finds itself in a fierce battle for influence around the region with China and Russia, which have been quicker to send medical staff and other support. The EU┬ápromised financial and...
No bitterness: Chinese company raises $500m in US despite Luckin

No bitterness: Chinese company raises $500m in US despite Luckin

NEW YORK — The first major Chinese company to go public in the U.S. since the Luckin Coffee accounting scandal debuted with a pop on Friday, delivering a shot of comfort to those anxiously watching for any fallout on investor appetite toward the country’s...