The Chinese government has expressed strong criticism of the European Union’s recent adjustments to tariffs on electric vehicle (EV) imports, which have notably affected major automakers including Tesla. This move has intensified trade tensions between China and the EU over the issue of electric vehicle subsidies. On Wednesday, a spokesperson for the Ministry of Commerce…
Defence contractor Elbit Systems reported increased second-quarter profits on Wednesday, bolstered by heightened global demand for its military technologies. The company earned $2.08 per diluted share, excluding one-time items, up from $1.65 a year earlier. Revenue rose to $1.63 billion from $1.45 billion, with a notable shift in regional sales distribution. While sales to Israel…
UK Prime Minister Keir Starmer’s Labour government is contemplating significant revisions to the Online Safety Act following a recent surge in misinformation and related violence. This consideration comes in the wake of anti-immigration protests and inflammatory comments by X owner Elon Musk, which were widely disseminated and contributed to unrest. According to industry sources who…
Elon Musk’s high-profile interview with former President Donald Trump on the social media platform X faced significant disruptions on Monday evening due to technical issues that nearly derailed the event. The livestream, scheduled to begin at 8 p.m. ET, experienced problems as users reported being unable to access the broadcast. Musk attributed the disruption to…
Republican presidential nominee Donald Trump continues to send mixed signals about his stance on Ukraine, creating uncertainty about future U.S. support for the country amid its ongoing conflict with Russia. In a recent interview with X owner Elon Musk, Trump expressed deep concern about the situation in Ukraine, stating, “there’s nobody that feels worse about…
During a Bitcoin conference recently, former U.S. President Donald Trump electrified the crowd by pledging to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if re-elected. Gensler, a known skeptic of cryptocurrencies, has led the SEC’s aggressive enforcement actions against the industry, including major exchanges like Coinbase, Binance, and Kraken. Trump’s promise was met…
Russia is contemplating the legalization of cryptocurrency for international payments as the country faces sustained financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, will review a law on Tuesday that permits international payments via cryptocurrencies, according to Elvira Nabiullina, the governor of Russia’s central bank. “Today, the State…
Employees at Samsung Electronics launched a three-day walkout on Monday in protest of their low pay, and if the largest company in South Korea doesn’t meet their demands, the union plans to take additional action. In addition, the National Samsung Electronics Union (NSEU), which represents about a quarter of the company’s South Korean workforce with…
In a further move to defend domestic producers, the European Union will apply duties of up to 37.6% on imported electric vehicles manufactured in China starting on July 5. This would increase trade tensions with Beijing. Investigations have also been initiated into whether Chinese clean tech manufacturers are dumping subsidised goods on EU markets and…
The political meme has found fresh life thanks to TikTok, which is sardonic, absurd, and occasionally plain unpleasant. However, to what extent is it genuinely impacting the general election? With almost eight million views on a five-second video of him mouthing the lyrics to an Eminem song, “guess who’s back?”, Nigel Farage is the unexpected…
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