Foreign carmakers in China face increasing challenges in the EV market. Chinese EV makers are expected to occupy 70% of the EV market by 2030 while facing increasing EU and US tariffs.
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Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses
Chinese state-backed financial companies in Hong Kong demand employees to return portions of their bonuses, aligning with President Xi Jinping’s ‘common prosperity’ plan to reduce income inequality.
Poland Inches Into War Footing as It Allots 5% of 2025 GDP on Defense
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
Disney's Internal Messages Hacked by Artist Rights Group to Protest AI Use
Hacktivist group Nullbulge claimed responsibility for Disney's data breach, which involved leaked internal messages advocating artists' rights amid criticism of Disney's AI use and artist contracts.
Landlords No Longer Allowed to Increase Rents by More Than 5% Under Biden's New Policy
President Biden proposes a 5% cap on annual rent increases for large landlords to address housing costs and stabilize rents amid inflation concerns.
Latest News
The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.
The global pet care industry is ever-evolving, necessitating innovative and safe solutions for managing animal health. Toltramax, a pioneering brand of toltrazuril, is set to transform how veterinarians manage parasitic infections in non-food chain animals such as dogs, cats, and horses. Recognized as the safest solution on the market, Toltramax is making significant strides in improving companion animal health, productivity, and overall well-being.
With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.
The UK’s Electoral Commission revealed that the Labour Party, which won a landslide victory in this month’s general election, received almost five times as much campaign donation money as the Conservative Party.
The upcoming Paris Olympics will be using Alibaba’s AI-powered Energy Expert tool to reduce venue emissions, supporting both the Games' sustainability goals and Alibaba’s carbon neutrality targets.
The motion-based gaming console Nex Playground announced that the famous Halfbrick game Fruit Ninja is coming to the platform.
Huawei completes its $1.4 billion R&D center in Shanghai's Qingpu district to attract 30,000 foreign R&D talents and focus on semiconductor, wireless, and IoT technologies.
Apple's stock rose 2% after Morgan Stanley upgraded its rating and price target, citing optimism over Apple Intelligence's potential. This pushed its market value to $3.6 trillion.
Thailand's Prime Minister Srettha Thavisin announced a $13.8 billion digital cash handout program, the "Digital Wallet," aiming to revive the economy by distributing $275 each to 50 million citizens to stimulate local businesses, starting in August.
