China filed a WTO complaint against the Biden Administration, alleging discriminatory electric vehicle subsidy practices due to recent U.S. policy changes disqualifying tax credits for Chinese-sourced components.
Transportation
EV Startup Canoo Reports $302 Million Loss in 2023 as CEO's Private Jet Bills Soar
Canoo, an EV startup, faced scrutiny as it reported CEO Tony Aquila's private jet expenses of $1.7 million, surpassing its revenue of $886,000 in 2023, amid a $302 million loss.
FedEx Ends 20-Year Partnership with USPS After Losing Nearly $2 Billion; UPS Gains Ground
UPS replaced FedEx as USPS's primary air cargo provider after FedEx terminated their 20-year partnership due to losing nearly $2 billion.
Stealing Joe Biden's Pillowcases: Air Force One Warns Journalists to Keep Hands Off POTUS' Belongings
Last month, the White House Correspondents' Association warned its members via email to refrain from pilfering items from the press section of Air Force One as souvenirs.
Tesla Stock Drops to An All-Time Low Of -29% in 2024 First Quarter Due to Increasing Chinese Competitors
Tesla's stock took a significant 29% dive in the first quarter of 2024, marking one of its toughest periods since 2022 amidst rising competition from Chinese rivals and disruptions in European markets.
Latest News
US airports are undergoing significant renovations fueled by the infrastructure funds allocated through President Joe Biden's 2021 Bipartisan Infrastructure Law.
The passengers aboard the Alaska Airlines Boeing flight, which had a door plug blowout incident midair, received letters from the FBI that told them they might be victims of crimes.
Cathay Pacific is enhancing its inflight dining experience by collaborating with JIA Group's Michelin-starred French restaurant Louise to introduce a fresh perspective on traditional French cuisine.
Former President Barack Obama took a swipe at the space ambitions of the likes of Elon Musk and Jeff Bezos by saying that protecting Earth should be prioritized over colonizing Mars.
Southwest Airlines adjusts its 2024 operational and financial plans with revised revenue growth forecasts, while United Airlines also halts pilot hiring amidst industry-wide concerns over Boeing's quality control crisis.
Boeing whistleblower John Barnett died after raising concerns about the aircraft maker's production standards.
Hertz has partnered with Stripe to process worldwide payments for car rentals, ensuring a consistent payment experience across 3,000 Hertz establishments worldwide.
The Dortyol oil terminal on Turkey's Mediterranean coast has stopped accepting Russian imports amid pressure from US sanctions.
Abu Dhabi's Etihad Airways is eyeing an Initial Public Offering (IPO) after a revenue surge and passenger boost in 2023. The CEO confirms readiness amid industry challenges.
