Industry

US Energy Secretary Says Higher Tariffs on Chinese EVs Crucial for Local Automakers

US Energy Secretary Says Higher Tariffs on Chinese EVs Crucial for Local Automakers

US Energy Secretary Jennifer Granholm said that increasing import duties on Chinese EVs to more than 100% is crucial to the local auto industry's health.


EU Pays Germany $ 1.9 Billion for LEAG’s Coal Exit

Germany said that the European Commission has agreed to compensate power company LEAG with up to$1.90 billion for deciding to move away from coal by 2038.

Intel Launches New AI Chips for Data Centers Following Recent Releases From Rivals Nvidia, AMD

Intel CEO Pat Gelsinger unveiled new AI processors for data centers. Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024.

Toyota Issues Apology as Safety Test Scandal Persists: ‘We Are Not a Perfect Company’

In response to the safety test controversy, Toyota Chairman Akio Toyoda apologized while bowing before reporters.


Latest News

Shein to File 50 Billion Pound London IPO Prospectus as Early as This Week
Fast fashion giant Shein is reportedly gearing up to submit a prospectus to Britain's Financial Conduct Authority as it aims for approval for a potential IPO in London.
FRANCE-ECONOMY-INDUSTRY-AVIATION-AIRBUS
Airbus CEO Guillaume Faury has called for Europe to increase its investment in defense production. A photo shows the Airbus logo during the Airbus annual press conference in Blagnac, southwestern France on February 16, 2023.
Emirates Chief Says Singapore Airlines Turbulence Incident a 'Lesson' to Aviation Industry
Emirates president Tim Clark said that the recent turbulence incident involving a Singapore Airlines Boeing 777-300ER flying from London to Singapore served as a lesson for the aviation industry as a whole.
Riyadh Air to Announce Partnership Deal with Major ASEAN Airline This Week
Several people anonymously told Bloomberg that Riyadh Air would be announcing an agreement with a major Southeast Asian carrier in the coming days.
Atlas Air Ends Cargo Partnership With Amazon to Focus on International Customers Like Shein, Temu
Atlas Air Worldwide will stop flying freighter aircraft for Amazon's domestic parcel network by mid-2025.
'Wordle' Owner, the New York Times, Sued Creator of Geography Guessing Game 'Worldle'
The New York Times, owner of the web-based word game Wordle, has taken legal action against the creator of the location-guessing game Worldle.
Anchor Brewing: San Francisco's Iconic Beer Company Is Being Resurrected by Billionaire Chobani Founder
San Francisco's beloved Anchor Brewing Company, which closed down last summer after 127 years in business, is being revived after billionaire Hamdi Ulukaya purchased it.
US Crude Oil Refiners to Boost Fuel Output Beyond 90% Capacity for Summer
US crude oil refiners are reportedly preparing to increase their operations above 90% capacity following the completion of planned maintenance.
Live Nation Confirms Massive Ticketmaster Data Breach, Exposing Millions of Customers' Personal Information
Live Nation has revealed that its ticketing subsidiary, Ticketmaster, has suffered a massive data breach.
Pfizer Expects Lung Cancer Drug Lorbrena to Hit Over $1 Billion in Sales After Exceptional 5-Year Data
Pfizer has announced that its cancer drug, Lorbrena, is projected to generate over $1 billion in annual sales by 2030.
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