BYD partners with Inter Milan, will launch limited edition car in Nerazzurri colors
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South China Morning Post
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Could Lionel Messi finish career in Italy? Indonesian billionaires eye ‘dream' transfer
The president of ambitious Serie A side Como has said signing Lionel Messi would be a 'dream'. The Argentina captain's contract with Inter Miami runs until the end of the 2025 Major League Soccer season and is reportedly in negotiations. Como have the richest owners in Italy in billionaire Indonesian brothers Robert and Michael Hartono, who have ambitious plans. With Cesc Fabregas as manager, they shocked many by finishing 10th following their promotion to the top flight. And club president Mirwan Suwarso, also from Indonesia, outlined the club's vision. 'The brand here is Lake Como and with that, we hope to attract Hollywood stars,' he told La Stampa. 'It's not us who invite them; they come to Como on holiday and ask us if they can come to watch a match.' Cesc Fabregas shouts instructions during Como's friendly against Lille. Photo: AP Keira Knightley, Adrien Brody and Hugh Grant are just some of the A-list Hollywood actors who came to watch Como live last season, while Messi's wife Antonela Roccuzzo was spotted with their three children during the Italian side's pre-season clash with Lille last weekend.
South China Morning Post
12 hours ago
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US business leaders to visit China as both sides meet for latest round of trade talks
A high-level American business delegation will visit China this week on a trip that coincides with the latest round of US-China trade talks, according to two sources familiar with the matter. The trip to Beijing will be organised by the US-China Business Council and led by FedEx chief executive Rajesh Subramaniam, the council's board chair. The full list of visiting business leaders and schedule is not known but both sources said that Boeing executives and the president of the council Sean Stein were certain to be part of the delegation. 'They are expected to meet with Chinese officials - potentially to revive business discussions,' a source said. The council has not responded to requests for comment. The council regularly organises visits to China that coincide with significant events and involve meetings with senior officials. Last year's visit coincided with a major policy meeting in Beijing and included senior executives from Apple, Boeing, Goldman Sachs and Micro Technology. The upcoming visit will be the highest-level American business delegation since US President Donald Trump started his latest tariff war in April.
South China Morning Post
a day ago
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How China's ‘big winner' BYD conquered Sri Lanka's high-tariff car market
Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China's BYD to a commanding position in Sri Lanka 's electric vehicle and hybrid market, disrupting a sector long constrained by import restrictions and setting the stage for dramatic expansion. Sri Lanka's car market, starved of new imports for nearly five years under a sweeping ban imposed in the lead up to the economic crisis of 2022 to stabilise foreign reserves, reopened in February as the government lifted restrictions. But a new tariff regime – with excise duties reaching 300 per cent, 18 per cent value-added tax, and luxury taxes of up to 100 per cent – has sent car prices soaring. Crucially, import duties on EVs are calculated based on motor power and year of manufacture, with steep tax increases for vehicles exceeding the 100-kilowatt threshold. Industry analysts say BYD has configured models such as the Atto 3 just below that limit, qualifying for significantly lower duties. In most other markets, the same model features a 150kW motor, making the Sri Lankan variant better value for money. Visitors examine a BYD Atto 3 EV at an auto expo in Bangkok in 2023. Photo: EPA-EFE BYD's aggressive pricing strategy brought affordability back to the market and positioned the company as a disrupter, Sheran Fernando, former chairman of the Ceylon Motor Traders Association, told This Week in Asia.
