Latest in Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
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Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
The U.S. Economy May Be Too Strong for Its Own Good
The Fed may have to hold interest rates high until something breaks.Inc. - Jan. 13 -
China corporate profits set for third year of declines
Oversupply drives intense competition that is undermining prices and profitabilityFinancial Times - Jan. 13 -
Despite Nippon Steel Negotiation, U.S., Japan Retain Strong Relationship
Though the president blocked Japanese purchase of Nippon Steel, it remains a U.S. ally.Inc. - Jan. 12 -
America must act to secure its ‘legacy chips’ from China and other competitors
As demand for connected devices and digital technologies continues to increase, so does the need for trusted and secure chips. Legacy chips are one important piece of that puzzle.The Hill - Jan. 12 -
Powerful winter storm across Southern U.S. maintains its icy grip
Temperatures plunged in some areas turning melting snow into ice and turning roadways treacherous.CBS News - Jan. 11 -
Lessons learned from trying to thaw icy relations between rivals U.S and China
BEIJING — As he prepares to leave Beijing, the U.S. envoy to China feels relations between the two rival powers are the most stable they’ve been in recent years.NBC News - Jan. 11 -
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It’s Now Possible to Make Batteries Out of Paper
This startup just won an award at CES for its paper-based battery.Inc. - Jan. 10 -
Outgoing ambassador assesses state of U.S.-China relations
Ambassador Nicholas Burns spoke to NBC News’ Janis Mackey Frayer about China’s position in the world, and its precarious relationship with the U.S.NBC News - Jan. 10 -
R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’
R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.The New York Times - Jan. 10 -
Japan imposes new sanctions on Russia
Japan on Friday approved additional sanctions against Russia over its war on Ukraine, including freezing the assets of dozens of individuals and groups and banning exports to dozens of ...ABC News - Jan. 10 -
Toyota rethinks its bet on hydrogen
The world’s largest carmaker is pivoting to commercial vehicles after passenger cars fail to gain tractionFinancial Times - Jan. 10 -
VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share
LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.NBC News - Jan. 9 -
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U.S. Saw an Opportunity While It Pushed to Arm Ukraine
The White House seized a rare chance to undermine Russia and build up regional allies as it built a coalition to support the Ukrainians.The New York Times - Jan. 9 -
Pressure on China and pure 'trolling': Why Trump is pushing an expansionist agenda
In the final weeks before Donald Trump returns to the White House, the focus of his public remarks has been on acquiring Canada, Greeland and the Panama Canal.NBC News - Jan. 9 -
As U.S. announces new Ukraine aid package, Zelenskyy says send troops
Ukraine's leader says partners sending ground troops would help "force Russia into peace," as America's European allies ponder Trump's next move.CBS News - Jan. 9 -
Japan mafia leader pleads guilty in U.S. to nuclear material trafficking
Takeshi Ebisawa allegedly conspired to traffic uranium and plutonium from Myanmar in the belief that Iran would use it for nuclear weapons.CBS News - Jan. 9 -
U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.The New York Times - Jan. 9 -
VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.CNBC - Jan. 8 -
Delta Just Announced Its Plan to Use AI to Solve the Worst Thing About Traveling
A new in-app concierge relies on AI to give customers a personalized experience.Inc. - Jan. 8 -
Pentagon blacklisting of China’s EV battery maker puts US banks in bind
Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groupsFinancial Times - Jan. 8 -
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India confirms first HMPV cases amid surge in China
India confirmed its first cases of human metapneumovirus (HMPV) infections in children, with a total of seven cases reported as of Tuesday. The cases were reported in Bengaluru, Nagpur, Tamil Nadu ...The Hill - Jan. 7 -
U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader
A force fighting Sudan’s army in a brutal civil war committed massacres and rape that amount to genocide, the Secretary of State said, two decades after a finding of genocide in the same region.The New York Times - Jan. 7 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Pentagon blacklists Tencent, largest Chinese EV battery maker
The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China's ...The Hill - Jan. 7 -
Europe Wanted to Lead the World on EVs. Its Carmakers Can’t Keep Up
The lack of cheap EVs and the reliance on combustion engines is putting Europe’s plan to ban new petrol cars by 2035 at risk.Wired - Jan. 7 -
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These EV 'Battery Belt' Towns Are Betting Trump Won't Ditch Them
Ford, Hyundai and other carmakers are cranking up new EV battery factories, while uncertainty looms over Biden-era subsidies for them.The Wall Street Journal - Jan. 7 -
U.S. records its first human bird flu death
The U.S. has recorded its first human death from bird flu, in a patient hospitalized in Louisiana. The case was considered the country’s first severe human H5N1 infection.NBC News - Jan. 6