• CNBC

    China's BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe

    Following some immediate sales success in new markets last year, BYD is expanding its production and presence in several emerging markets.

  • China to challenge Biden’s electric vehicle plans at the WTO

    BEIJING — China filed a World Trade Organization complaint against the United States on Tuesday over what it says are discriminatory requirements for electric vehicle subsidies. The Chinese Commerce Ministry did not say what prompted the move. But under a new U.S. rule that took effect Jan. 1, electric car buyers are not eligible for tax credits of $3,750 to $7,500 if critical minerals or other battery components were made by Chinese, Russian, North Korean or Iranian companies. The credits are...

  • Gucci’s China shock reverberates across the luxury landscape

    THE END OF LUXURY? GUCCI SLOWDOWN SOUNDS ALARMS (Second column, 1st story, link) Related stories:Retailers Turn to 'Extreme Bargains' to Lure Shoppers Drudge Report Feed needs your support!   Become a Patron

  • US Aims To Restock Strategic Oil Reserves By Year-End

    US Aims To Restock Strategic Oil Reserves By Year-End By Tsvetana Paraskova of OilPrice.com The Biden Administration aims to have crude in the Strategic Petroleum Reserve (SPR) back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The U.S. saw the stockpiles of crude oil in the SPR fall from 638 million barrels at President Joe Biden’s inauguration to...

  • U.S. Commander Warns of Emerging ‘Axis of Evil’ Led by China

    Aquilino said the current threat environment is the "most dangerous" he's seen over his four decades of service. The post U.S. Commander Warns of Emerging ‘Axis of Evil’ Led by China first appeared on The Foreign Desk | by Lisa Daftari.

  • Biden’s populist budget marks the overdue end of trickle-down economics

    A budget document with tax and investment priorities reflecting the needs of the people rather than ever-increasing corporate profit and excessive wealth is a good step in the right direction.

  • RFK Jr.’s sister worries he’s taking votes from Biden: ‘There’s so much at stake’

    The sister of Robert F. Kennedy Jr. is worried that her brother will act as an election disrupter and take votes away from President Biden as he mounts an independent bid against him. When asked by CNN’s Erin Burnett about why she believes voting for her brother is “dangerous,” Rory Kennedy said she believes his

  • China-made vehicles will comprise a quarter of Europe’s EV sales this year, study shows

    China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country’s share increasing by over 5% from a year earlier, according to a new policy analysis. About 19.5% of battery-powered EVs sold in the E.U. last year were from China, with close to a third of the sales in France and Spain constituting EVs shipped from the Asian country, the European Federation for Transport and Environment (T&E) reported in a paper shared Wednesday. The share of...

  • Hugh Grant reveals ‘shocking’ career change he’s mulled over: It’s ‘threatening to one’s family’

    "Whenever the subject comes up, [my mother-in-law] just says, 'Don't you have to water down everything? It's all horse-trading. And nowadays the incoming abuse is unthinkable.'" — Hugh Grant

  • GOP senators blast Biden’s proposed $110 billion tax hikes on oil, gas and coal

    (The Center Square) – Two dozen Republican U.S. senators are pushing back against the Biden administration's plan to increase taxes on the U.S. oil, natural gas and coal industries to the tune of over $110 billion. U.S. Sen. John Barrasso, R-Wyo., led a coalition of 24 senators expressing “grave concern regarding the administration's continued hostility towards American energy production.” In a letter to U.S. Treasury Secretary Janet Yellen, they wrote, “America's working...

  • Article 23: China hits back at criticism of Hong Kong’s hardline new security law

    Beijing dismisses chorus of concern from western governments over punitive new law as slanderChina has accused western governments and the United Nations of slander after they criticised Hong Kong’s new national security law, which was rushed through the city’s pro-Beijing parliament this week.The law, known as Article 23, covers newly defined acts of treason, espionage, theft of state secrets, sedition and foreign interference. Critics said it was ushering in a “new era of authoritarianism”,...

  • Biden Signs $1.2 Trillion Funding Package After Senate’s Early-Morning Passage Ended Shutdown Threat

    President Joe Biden on Saturday signed a $1.2 trillion package of spending bills after Congress had passed the long overdue legislation just hours earlier, ending the threat of a partial government shutdown. “This agreement represents a compromise, which means neither side got everything it wanted,” Biden said in a statement. “But it rejects extreme cuts […]