Five years ago, Quebec's highest court upheld a landmark ruling that ordered three major tobacco companies to pay billions of dollars to smokers who fell ill or got addicted. But the roughly 100,000 members of the two class action lawsuits still haven't received a cent. Katherine Ward has this story and more in Health Matters for July 2, 2024.
About 60% of baby boomers are now retired, according to the Transamerica Center for Retirement Studies -- and many of these boomers are struggling financially. Data from the ALI Retirement Income...
TANGIERS, Morocco (AP) — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco.
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc.
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
BEIJING (Reuters) -China's President Xi Jinping said he supports Kazakhstan joining the BRICS bloc, Chinese state media reported on Wednesday, as the group of developing nations mulls further expansion to rival a Western-dominated world order it sees as outdated. Speaking to the press alongside Kazakh President Kassym-Jomart Tokayev following a meeting in the Central Asian state's capital, Xi encouraged Kazakhstan to "play the role of a middle power on the international stage and make its due contribution to global governance", while endorsing Astana's accession. China and Russia are pushing for the expansion of the BRICS grouping, which also includes Brazil, India and South Africa, as they seek to counter Western economic dominance.
A U.S. appeals court on Wednesday set aside a judge's ruling that bondholders had valid claims against Venezuela's state-run oil company related to its U.S. refiner Citgo, and directed the judge to apply Venezuela law in assessing the claims. The decision by the 2nd U.S. Circuit Court of Appeals in Manhattan could provide a boost to opponents of Venezuelan President Nicolas Maduro, who have since 2019 controlled some of the Petroleos de Venezuela's (PDVSA) overseas assets.
Weeks after Alberta's last coal-fired power plant went offline, the federal government has stepped up with more than $39 million in grants to help six communities that lost jobs in the transition to cleaner energy. The funding, announced Wednesday by Dan Vandal, the minister responsible for PrairiesCan, will support 10 projects ranging from training centres, industrial parks and new community amenities. "These investments will help create good-paying jobs, attract new investment opportunities an
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Do you want to build a portfolio for a wealthy retirement? Here are two options that are too hard to ignore that you should buy today. The post Buy Now, Play Later: 2 Stocks for a Wealthy Retirement appeared first on The Motley Fool Canada.
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
ASHGABAT, Turkmenistan (AP) — Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq.
Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday. The planned visit by Takahiro Mori, the Japanese firm's key negotiator for the deal, follows trips to the U.S. in May and June, highlighting the importance of the $15 billion takeover offer to the world's No. 4 steelmaker. U.S. Steel's management has backed the bid but the deal faces resistance from the White House and the powerful United Steelworkers (USW) union.
China's President Xi Jinping made a congratulatory call on Thursday to incoming European Council President Antonio Costa, Chinese state media said, a few hours before European Commission curbs on Chinese electric cars are scheduled to take effect. The Commission is set to confirm provisional import tariffs of up to 37.6% on Chinese-manufactured electric vehicles (EVs), after the bloc accused the world's No.2 economy of providing its firms with heavy state subsidies. Xi said he "attaches great importance to the development of China-EU relations" as Europe braces for retaliatory measures from Beijing and the possible opening up of a new front in the West's tariff war with the $18.6 trillion economy.
(Bloomberg) -- Chinese electric-car brands held on to their share of the slumping European EV market in May, ahead of new tariffs designed to protect local carmakers from their lower-cost imports.Most Read from BloombergBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsHouse Democrats Consider Demanding Biden Withdraw From RaceNewsom Shocks California Politics by Scrapping Crime MeasureChina Can End Russia’s War
"The cost of that Gen AI architecture is freaking out of control," Baird strategist Ted Mortonson told Business Insider.
As always, the numbers tell the tale. At the half-year mark, 2024 has been a brutal ride of double-digit stock price declines for traditional media giants with the exception of Disney and Fox Corp. Big Tech and Netflix, on the other hand, have swelled with double-digit gains year to date. So why aren’t the well-heeled …
The two tech firms were among the first to see the commercial potential of AI.
China's ability to develop infrastructure quickly and boost its talent pool can help the nation compete with the United States in the global artificial intelligence (AI) race, industry experts said on Thursday at the China Conference organised by the South China Morning Post. While Chinese tech giants are unable to match their American counterparts in terms of budget and access to advanced AI chips designed by industry leader Nvidia, speedy infrastructure development on the mainland has provided
