China's BYD forms European partnership with France's Ayvens

BuzzFeed
26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know
"I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc."
GOBankingRates
4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job
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These companies have laid off Canadian workers in 2024
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.
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NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case
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OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35B
TORONTO — Ontario pension fund manager OMERS has signed a deal to sell medical lab company LifeLabs to U.S.-based firm Quest Diagnostics in a deal valued at $1.35 billion including debt. Quest Diagnostics chairman and CEO Jim Davis says the deal is based on the belief that the company can help LifeLabs accelerate growth and improve health care. OMERS purchased LifeLabs in 2007 and helped grow the business. Under the deal, the companies said LifeLabs will retain its brand, Canadian headquarters a
The Canadian Press
Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know
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.
CBC
$39M shared by Alberta communities hit by job losses in transition from coal-fired power plants
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
Reuters
Venezuelan opposition gets US court boost in dispute over Citgo-backed bonds
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.
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
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Buy Now, Play Later: 2 Stocks for a Wealthy Retirement
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Reuters
China's Xi greets EU Council president ahead of EV tariffs taking effect
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.
The Canadian Press
FortisBC says all customers now see renewable natural gas on utility bills
SURREY, B.C. — FortisBC says it has become the first utility in North America to automatically designate a portion of its residential customers' natural gas use to renewable natural gas, or RNG.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
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.
Reuters Videos
China's BYD opens first EV factory in Southeast Asia
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.
South China Morning Post
Chinese generative AI patents top US 6-to-1 in last decade, UN data finds
China has surpassed the US in generative artificial intelligence (GenAI) patents, with six times as many filings in the decade from 2014 through 2023, according to a report published on Wednesday by a United Nations agency. China's 38,210 patent filings in the category make up about 70 per cent of the 54,000 filed in the past 10 years, according to data published by the World Intellectual Property Organization (WIPO). The US ranked second with 6,276 patent filings. They are followed by South Kor
The Canadian Press
Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery
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.
Bloomberg
Apple Seeks to Scrub ‘Dominance’ From China Antitrust App Ruling
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Reuters
Factbox-EU report details widespread Chinese interference in economy
In the run up to announcing provisional tariffs on Chinese-made electric vehicles, the European Commission in April released a 712-page report on the many layers of subsidies it argues the Chinese government provides to domestic firms. The report is designed for anti-dumping cases, but trade experts see it as a supporting document for its anti-subsidy investigation into EVs and as a signal to both China and reluctant European Union member states that it means business. The Chinese government funnels both indirect and direct support to state-owned enterprises, or ones it effectively controls even with minority ownership.
Reuters
China-built EVs hit with duties in biggest EU trade case yet
BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built with state subsidies.

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China's BYD forms European partnership with France's Ayvens

Latest Stories

26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know

4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job

These companies have laid off Canadian workers in 2024

NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case

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China EV makers brace for tariffs as Beijing, EU engage in talks

China's BYD opens first EV factory in Southeast Asia

Chinese generative AI patents top US 6-to-1 in last decade, UN data finds

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Factbox-EU report details widespread Chinese interference in economy

China-built EVs hit with duties in biggest EU trade case yet