Tesla and Chinese Carmakers Could Reap Billions From EU Emissions Rules

European carmakers are urging Brussels to ease regulations to help them avoid buying carbon credits from rivals in increasingly large amounts.

Topics

Big majority of EU leaders demand EIB further ease defence spending rules

Also in this newsletter: Is Belgium finally going to form a government?
Financial Times - 14h
Maine’s Billion-Dollar Lobster Economy Is in Trouble. Kelp Could Help

As the gulf of Maine heats up, lobsters are migrating north.
Inc. - 1d
Tesla reports $600 million bitcoin profit jump after digital assets rule change

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
CNBC - 1d
Barclays tightens working-from-home rules

UK bank becomes the latest company to require more days spent in the office
Financial Times - 2d
Carmakers take action against EU tariffs on e-cars from China

Yahoo News - 2d
Starmer looks to link UK and EU emission trading schemes

PM is becoming more ambitious for post-Brexit ‘reset’ talks ahead of key Brussels summit
Financial Times - 3d
Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
NBC News - 3d
Tesla sues EU over tariffs on electric vehicles from China

Decision marks latest confrontation between Elon Musk and Brussels
Financial Times - 4d
Troubled European carmakers to talk fines and EVs with EU

Yahoo News - 4d
Americans spend $900 billion a year on goods from Mexico and Canada. Tariffs could affect these prices the most.

Americans buy $900 billion a year in food, cars, TVs, toys, appliances and other goods from Mexico and Canada. The cost of these products could rise if President Trump carries out his threat to ...
MarketWatch - 6d
EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
The Wall Street Journal - Jan. 24
EU Parliament concerned about weaker social media fact-checking rules

Yahoo News - Jan. 23
Top EU diplomat: 'Russia could test EU's readiness to defend itself'

Yahoo News - Jan. 22
TikTok is still running. Companies helping it could face $850 billion hit.

While TikTok is operating for existing U.S. users thanks to an executive order signed Monday night by President Donald Trump, analysts are warning that his order doesn’t look all that solid.
MarketWatch - Jan. 22
How the EU could help stem the flow of illegal product imports

Also in this newsletter: Is sabotage behind Italy’s recent train disruptions?
Financial Times - Jan. 22
Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found

The value of Tesla's brand dropped for a second straight year, according to research and consulting firm Brand Finance.
CNBC - Jan. 21
Trump 2.0 Means State Crypto Rules Could Change

The president’s enthusiasm for the virtual currency could prompt states to start making crypto investments through their public pension funds.
Inc. - Jan. 20
EU should welcome Chinese car factories, says Mercedes chief

Ola Källenius urges Brussels to drop protectionist approach in form of punitive tariffs on China EVs
Financial Times - Jan. 19
Mortgage rules could be eased to boost loans

The £100 limit on contactless cards could also be scrapped, as regulators respond to the prime minister's plea.
BBC News - Jan. 17
Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case

Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.
The New York Times - Jan. 16
Toyota reaches $1.6 billion settlement of emissions fraud case in U.S.

U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.
CBS News - Jan. 16
Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case

Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...
CBS News - Jan. 16
Gaza to receive €120 million in humanitarian aid from EU in 2025

Yahoo News - Jan. 16
Jeffrey Epstein’s Associates Could Reap Benefit of a Big Tax Refund

The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.
The New York Times - Jan. 15
Top 3 drug insurers reaped billions as their drug middlemen inflated prices, FTC alleges

Regulators published their most detailed findings yet on how some of the nation’s largest companies profited from ‘excess’ prescription price hikes of 1,000% or more.
NBC News - Jan. 14
EU threatens to curb access for makers of Chinese medical devices

Report finds Beijing is discriminating against bloc’s manufacturers in same field
Financial Times - Jan. 14
New rule could slash nicotine levels in tobacco products

The Biden administration is poised to try to lower the amount of nicotine in tobacco products, an eleventh-hour effort that’s been years in the making. The move would give the White House one ...
The Hill - Jan. 13
EU Competition Regulator Conditionally Clears Synopsys' $35 Billion Ansys Deal

The commission said that the companies’ offer to sell two business units to a rival fully addresses its concerns.
The Wall Street Journal - Jan. 10
Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business

Flood of cheaper products could hit an industry already struggling with stagnant post-pandemic demand
Financial Times - Jan. 10
Ukraine receives €3bn from EU as part of major G7 aid package

Yahoo News - Jan. 10
Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules

The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.
The New York Times - Jan. 9
Here’s Why Tesla Is Losing to Chinese EV Maker BYD

My latest five-whys analysis looks at Tesla’s sales slump.
Inc. - Jan. 9
VW strains to hit EU emission targets as EV deliveries tumble

Europe’s largest carmaker hurt by greater competition from rivals in China
Financial Times - Jan. 9
CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports

Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.
CNBC - Jan. 7
Germany raises record €18.5 billion in carbon emissions trading

Yahoo News - Jan. 7
How Austria’s embrace of the far right could fracture the EU centre

Also in this newsletter: The next EU leaders’ meeting searches for a venue
Financial Times - Jan. 6
Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.

The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to impose.
The New York Times - Jan. 5
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies

With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.
The New York Times - Jan. 3