Factbox-China-based EV makers hit with European Union tariffs

Insider Monkey
The Fastest Growing Automotive Brand in the World
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 […]
CNN Business
Germany blocks another big business deal with China
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
CNN
Sean ‘Diddy’ Combs accused of sex trafficking and sexual assault in lawsuit by former adult film actress
Adria English, a former adult film actor who says she worked for Sean “Diddy” Combs between 2004 and 2009, accused the embattled music mogul of sex trafficking and sexual assault, according to a lawsuit filed Wednesday.
The Canadian Press
NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case
LOS ANGELES (AP) — The damages a federal jury has ordered the NFL to pay for violating antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service is $4,707,259,944.64.
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.
The Canadian Press
'Marriage of convenience': Hudson's Bay Co. buying Neiman Marcus for US$2.65B
TORONTO — Several North American department stores are joining forces under a deal that will see Hudson's Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers.
Reuters
Europe's top cognac makers to attend China meeting on anti-dumping probe, source says
LONDON (Reuters) -Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said. Companies behind major brands Martell, which is owned by Pernod Ricard, Remy Martin - part of Remy Cointreau - and Hennessy, owned by LVMH, received a summons overnight to attend the hearing, the source said.
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
South China Morning Post
'Too many' AI models in China: Baidu CEO warns of wasted resources, lack of applications
Baidu co-founder and CEO Robin Li Yanhong said China has too many large language models (LLMs) and called for tech leaders to focus more on building real-world applications powered by artificial intelligence (AI). "In 2023, intense competition among over 100 LLMs has emerged in China, resulting in a significant waste of resources, particularly computing power," Li said during a panel discussion at the World Artificial Intelligence Conference (WAIC) in Shanghai on Thursday. Li called on developer
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
The Motley Fool
Buy Now, Play Later: 2 Stocks for a Wealthy Retirement
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.
South China Morning Post
Hong Kong start-ups shine at China's largest AI show amid city's drive for Asian tech hub status
Artificial intelligence (AI) start-ups from Hong Kong grabbed some of the spotlight at the three-day World Artificial Intelligence Conference (WAIC) in Shanghai this week, as they showcased an array of products and services to underscore the city's ambitions to become an innovation hub. Cyberport, Hong Kong Science and Technology Parks (HKSTP), and the Hong Kong Trade Development Council, brought 15 companies to the AI conference this year, compared to only eight last year, amid the city's effor
United Press International
Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips
Samsung Electronics estimated Friday that its second-quarter profits increased nearly 15-fold from a year earlier, thanks to a strong recovery in the memory chip market driven by artificial intelligence demand.
South China Morning Post
Chinese tech executives discuss how AI large language models can shape businesses
Chinese tech executives - including those from Alibaba Group Holding and generative artificial intelligence start-up Zhipu AI - discussed how large language models (LLMs) can shape businesses at the annual conference held by Luohan Academy, the open research institute initiated by Alibaba. At the 2024 Luohan Academy Annual Digital Economy Conference, Zhang Fan, chief operating officer of Zhipu AI - one of China's "four artificial intelligence (AI) tigers" - talked about how the tech unicorn help
South China Morning Post
Upbeat and hopeful: China Conference panel optimistic about Hong Kong's future prospects
Overseas start-ups and entrepreneurs believe Hong Kong is an attractive place to develop their ventures because of the depth of the city's financial market, availability of capital and its status as an international centre, according to the chief of the government's investment arm. "The international status of Hong Kong is very important for innovative industries and enterprises" because these start-ups need to have a global mindset, international clientele and supply chain, said Clara Chan Ka-c
Reuters
Firms weigh removing Taiwan staff from China after death penalty threat
BEIJING (Reuters) -Some foreign companies are considering moving Taiwanese employees out of China after Beijing said it could impose the death penalty on "diehard" Taiwan independence separatists, said four people familiar with the matter. The new guidelines have caused some Taiwanese expatriates and foreign multinationals operating in China to scramble to assess their legal risks and exposure, said the people, who include a lawyer and two executives with direct knowledge of the discussions. "Several companies have come to us to assess the risks to their personnel," said the lawyer, James Zimmerman, a Beijing-based partner at the Perkins Coie law firm.
South China Morning Post
China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'
Provisional import tariffs on Chinese electric vehicles by the European Union represent a juncture for the bilateral relationship, but both sides would have enough time to avert "a serious trade war", analysts said, with the new levies set to take effect on Friday. The European Commission confirmed on Thursday that the bloc's additional duties of up to a revised 37.6 per cent on Chinese battery electric vehicles (BEVs) would begin on Friday and would initially last for a maximum of four months.
GOBankingRates
8 Money Rules That Make Retirement Saving Easy
Retirement should be relaxing, enjoyable and fun. Hopefully, you've saved and invested enough money throughout your career so you're able to enjoy your golden years without financial worries. Read...
South China Morning Post
China's talent and infrastructure are strengths in AI race with US, experts say
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
Barrons.com
Ford Is Making a Comeback. It’s Time to Buy the Stock.
The U.S. auto maker is focused on returning capital to shareholders, which should boost performance in the months ahead.

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Factbox-China-based EV makers hit with European Union tariffs

Latest Stories

The Fastest Growing Automotive Brand in the World

Germany blocks another big business deal with China

Sean ‘Diddy’ Combs accused of sex trafficking and sexual assault in lawsuit by former adult film actress

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

Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know

'Marriage of convenience': Hudson's Bay Co. buying Neiman Marcus for US$2.65B

Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

China steps up pressure with EU brandy probe hearing as EV tariffs begin

'Too many' AI models in China: Baidu CEO warns of wasted resources, lack of applications

$39M shared by Alberta communities hit by job losses in transition from coal-fired power plants

Buy Now, Play Later: 2 Stocks for a Wealthy Retirement

Hong Kong start-ups shine at China's largest AI show amid city's drive for Asian tech hub status

Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips

Chinese tech executives discuss how AI large language models can shape businesses

Upbeat and hopeful: China Conference panel optimistic about Hong Kong's future prospects

Firms weigh removing Taiwan staff from China after death penalty threat

China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'

8 Money Rules That Make Retirement Saving Easy

China's talent and infrastructure are strengths in AI race with US, experts say

Ford Is Making a Comeback. It’s Time to Buy the Stock.