Volkswagen to Cut EV Costs With New Production Platform in China
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The Cost of Competing With China
The Biden administration is betting that new China tariffs will be politically popular, even if they could slow the transition from fossil fuels.The New York Times - Top stories - China -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
Telstra to Cut Jobs to Save Costs Amid Enterprise Overhaul
The Australian telecommunications company plans to cut 2,800 jobs as part of a continuing strategic review, helping cut $233.4 million in costs.The Wall Street Journal - World -
Investigation finds BMW, Jaguar Land Rover, Volkswagen bought parts linked to forced labor in China
Multiple major automakers relied on forced labor in China for some purchased parts, a Senate Finance Committee investigation found Monday. BMW, Jaguar Land Rover and Volkswagen purchased parts that were flagged by the U.S. government for links to ...The Hill - Politics - China -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
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European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
Target cutting prices on thousands of basic items: Here's which items will cost less
The retail chain said customers will see lower prices on items ranging from milk to diapers.ABC News - Top stories -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031ABC News - Tech - China -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.MarketWatch - Business -
Xi Jinping's strongman politics is China’s 'new normal'
Rather than go “back to the future” after Xi (who may yet rule for decades), China is unlikely to liberalize.The Hill - Politics - China -
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Taiwan's new president calls on China to cease 'intimidation'
Lai Ching-te was sworn in as Taiwan’s new president on Monday, extending the rule of a party that is viewed with suspicion by China.NBC News - Top stories - China -
How China is using AI news anchors to deliver its propaganda
News avatars are proliferating on social media and experts say they will spread as the technology becomes more accessible. The news presenter has a deeply uncanny air as he delivers a partisan and pejorative message in Mandarin: Taiwan’s outgoing ...The Guardian - World - China -
As it happened: William Lai sworn in as Taiwan's new president
William Lai faces an aggressive Beijing, a divided parliament and a disgruntled youth in his first term.BBC News - Top stories -
Taiwan's New President Serves Up Predictability in Era of Turmoil
Lai Ching-te gave a carefully calibrated inauguration speech that reflected his delicate status at the fulcrum of tensions between the U.S. and China.The Wall Street Journal - World -
Taiwan’s new president calls on China to end threats and intimidation
Lai Ching-te says Taipei will ‘neither yield nor provoke’ in inaugural addressFinancial Times - Business - China -
'Stop threatening us', Taiwan's new president tells China
He urged Beijing to replace confrontation with dialogue, shortly after being sworn in on Monday.BBC News - Top stories - China -
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Taiwan’s new president takes office and calls on China to cease hostile actions
Lai Ching-te uses inauguration speech to push for peace in the region and says future of Taiwan important to future of the world. Lai Ching-te has been sworn in as Taiwan’s new president, urging China to “cease their political and military ...The Guardian - World - China -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
Hims & Hers Health to Offer Injectable Weight-Loss Drugs on Telehealth Platform
Hims & Hers Health shares soared after the company said it would add injectable weight-loss drugs to its platform, granting access to the popular treatments to its telehealth patients.The Wall Street Journal - World -
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China rolls out new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in AprilABC News - World - China -
Taiwan’s new leader faces China threat and voters left behind by chip boom
Lai Ching-te brings record of political battle to precarious position between US and increasingly assertive BeijingFinancial Times - World - China -
Taiwan's new president urges China to stop its 'intimidation' and 'choose dialogue over confrontation'
Taiwan's new President Lai Ching-te urged China to stop its hostile political and military threats against the island and work toward regional peace on Monday.CNBC - Business - China -
England's Kane suffers injury scare on Euros' eve
England captain Harry Kane is struggling with a back injury less than a month out from the European Championship, with Bayern Munich manager Thomas Tuchel confirming he will miss the final game of the season.ESPN - Sports -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Hong Kong will keep watching internet platforms for non-compliance with ban on protest song
Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest songABC News - World - Hong Kong -
Hong Kong will keep watching internet platforms for non-compliance with ban on protest song
Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest songABC News - Tech - Hong Kong -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
OpenAI put ‘shiny products’ over safety, departing top researcher says
Jan Leike’s exit from ChatGPT maker is the latest sign of internal divisions over technology’s developmentFinancial Times - Business -
OpenAI putting ‘shiny products’ above safety, says departing researcher
Jan Leike, a key safety researcher at firm behind ChatGPT, quit days after launch of its latest AI model, GPT-4o. A former senior employee at OpenAI has said the company behind ChatGPT is prioritising “shiny products” over safety, revealing that ...The Guardian - World -
UK supermarkets in talks about joining forces for Fairtrade products
Bananas, coffee and cocoa could be collectively bought after watchdog indicated it would not challenge anti-competitive behaviourFinancial Times - Business - United Kingdom -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World