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Three Gorges starts building power projects

BEIJING: China Three Gorges New Energy Co., a state-owned clean energy developer, has started construction of 25 renewable power plants in an investment worth 58 billion yuan (US$8.3bil).

Expedia to cut 3,000 jobs

BENGALURU: Expedia Group Inc said it would cut about 3,000 or 12% of its workforce as part of a plan to streamline its business.

China companies struggle to stay afloat

SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.