Shanghai allows Tesla to carry out Full Self-Driving pilot

Global News
The Ontario Pharmacist Association is urging policy change when it comes to schedule 2 vaccines for seniors
Ontario Pharmacists Association says seniors are experiencing barriers when it comes to accessing schedule 2 vaccines such as shingles. Jen Belcher, a Kingston pharmacist and VP of the Ontario Pharmacist Association explains the policies that need to be changed.
Reuters
Market conditions drive international airlines away from Brazil, Airbus says
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told Reuters. In 2018, rules which had limited the size of the stake a foreign investor could hold in an airline were overturned in a bid to open up competition among carriers in Latin America's largest economy. Still, market share in Brazil is dominated by just three companies: Azul, Gol and LATAM, the latter the result of a merger in the 2010s between local airline TAM with Chile's LAN.
South China Morning Post
Chinese smartphone giant Vivo in talks to sell stake in Indian factory to Tata Group: report
Chinese smartphone giant Vivo is said to be in talks to sell its stake in a factory in India to domestic conglomerate Tata Group, according to a report by local media Moneycontrol, as the South Asian nation tightens its scrutiny of foreign businesses operating in the country. Tata is considering the acquisition of a majority stake in Vivo's Indian unit, and the talks are in "an advanced stage", Moneycontrol reported on Friday, citing an anonymous source. Vivo, according to the source, is seeking
Reuters
China's rich ditch flashy luxury as global sales stall, says Bain
PARIS/MILAN (Reuters) -China's richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy that predicted the weakest global luxury market since the height of the pandemic. Global sales of personal high-end goods - spanning clothing, accessories and beauty products - this year will be between flat and 4% higher year-on-year, at constant rates, Bain forecast in its twice-yearly luxury report, closely watched in the fashion world. That would be the weakest sales growth since 2020 when sales collapsed during the COVID-19 pandemic.
South China Morning Post
Chinese maker of semi-solid EV batteries reports delivery jump amid range rivalry
Beijing WeLion New Energy Technology, a maker of semi-solid-state batteries for electric vehicles (EVs), reported a jump in delivery volume last month, the latest sign that Chinese EV builders are incorporating advanced technology to extend the driving range of their premium models. The company, backed by Shanghai-based EV producer Nio, supplied 482.9 megawatt hours (MWh) of batteries to carmakers in May, up 30.9 per cent from a month earlier, according to the China Automotive Battery Innovation
Reuters
China opens tit-for-tat anti-dumping probe into European pork
BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports. The investigation announced by China's commerce ministry on Monday will focus on pork intended for human consumption, such as fresh, cold and frozen whole cuts, as well as pig intestines, bladders and stomachs. It was prompted by a complaint submitted by the China Animal Husbandry Association on June 6 on behalf of the domestic pork industry, the ministry said.
South China Morning Post
German firms hope EU-China tariff talks can help dodge shake-up in EV business
German firms in China have yet to revise their business plans in response to the European Union's new tariffs on Chinese electric vehicles and potential retaliation from Beijing, as they wait for the outcome of political negotiations, according to a business advocacy group. The European Union's tariffs on Chinese electric vehicles cannot offer protection to German carmakers or increase their competitiveness, said Maximilian Butek, executive director of the German Chamber of Commerce in East Chin
The Canadian Press
Canadians paying more for airfares as summer ticket prices jump
Looking to catch a flight this summer? Prepare to open your wallet even wider.
Reuters
Rival pork exporters could benefit from China-EU trade tensions
SINGAPORE (Reuters) -Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said. Russia, increasingly a close trading partner of China that started exporting pork to China in February, could also step up meat shipments. China's commerce ministry said on Monday it had opened an anti-dumping investigation into imported pork and its by-products from the EU, after the bloc imposed anti-subsidy duties on Chinese-made electric cars.
Insider Monkey
The Most Watched TV Show of 2024
We recently compiled a list of 15 Most Watched TV Shows of 2024 and in this article, we will discuss the most watched TV show of 2024. Overview of the Film and TV Industry The film and TV industry is a major source of revenue generation and employment across the globe. According to a report […]
Reuters
GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports
Boeing and GE Aerospace did not immediately respond to Reuters' requests for comment. Culp on several occasions had said he was not interested in the job. In April, Culp told Reuters he can best serve Boeing by being its best supplier.
Associated Press Finance
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce Ministry didn't mention the EV tariffs when it announced Monday that it is opening an anti-dumping investigation into pork from Europe, but the move is widely seen as a response to the EU move on electric cars. It also gives China a bargaining chip in any trade negotiations.
Bloomberg
China’s Surge in Solar and Hydro Points to Early Carbon Peak
(Bloomberg) -- China has reduced power generation from fossil fuels as output from sunlight and water surges, feeding hopes that the world’s biggest polluter may have peaked emissions years before its own deadline.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon to Fight the SEC Lives in TexasWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanEx-Trump
Reuters
Oil prices stable as demand uncertainty persists
LONDON (Reuters) -Oil prices were stable on Tuesday, as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains. Benchmark Brent crude futures were down 7 cents, or 0.1%, to $84.18 per barrel at 1105 GMT after climbing in the previous session.
Fortune
The threat of a Europe-China trade war looms as Beijing launches an antidumping probe on pork
China’s probe into European pork follows EU tariffs on Chinese-made electric vehicles.
Simply Wall St.
3 High Yield Dividend Stocks In Hong Kong With Up To 9% Yield
Amidst a backdrop of global economic fluctuations and regional uncertainties, the Hong Kong market has shown resilience, making it an intriguing area for investors looking for dividend yields. In this context, selecting stocks that not only offer high yields but also demonstrate stability and strong fundamentals becomes crucial.
CNN Business
China probes European pork prices after EU hikes tariffs on its electric cars
Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China.
Reuters
Analysis-Global gasoline refining margins slump on slow summer driving season
Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. In the U.S., the world's largest gasoline market, refiners ramped up sharply, expecting demand that never materialized. U.S. gasoline demand was 9 million barrels per day (bpd) in the first week of June, 1.7% below last year and seasonally the lowest since 2021, government data showed.
Reuters Videos
Tesla begins legal bid to OK Elon Musk's mega-pay
STORY: Tesla has begun the legal battle to get approval for Elon Musk’s $56 billion pay deal. Shareholders last week approved the package - a record sum in U.S. corporate history. But the firm still has to convince the court that first voided the payout. Delaware judge Kathaleen McCormick ruled that the process leading up to package had been controlled by Musk. She said Tesla also concealed from shareholders key details about the targets he had been required to hit. Now the EV maker says it has fixed those problems. Besides the vote, the pay deal was reviewed by a special committee of the board, and the firm has provided hundreds of pages of added information. Though the sum seems enormous, WealthWise Financial boss Noreen Gilbert says Musk should have been paid: “The pay package had actually been agreed upon years prior, based on metrics that Elon Musk had to make good on, and he had made good on all of those metrics. So the fact is he should have been paid that amount, he jumped through all the hoops to make that happen”. Tesla has now written to judge McCormick, asking that parties to the legal dispute over the pay now set out their takes on the shareholder approval. One shareholder who brought the case against the package has already said he thinks the vote has “no legal effect”.
The Canadian Press
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership
TOKYO (AP) — Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker’s founder, as chairman on the board.

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Shanghai allows Tesla to carry out Full Self-Driving pilot

Latest Stories

The Ontario Pharmacist Association is urging policy change when it comes to schedule 2 vaccines for seniors

Market conditions drive international airlines away from Brazil, Airbus says

Chinese smartphone giant Vivo in talks to sell stake in Indian factory to Tata Group: report

China's rich ditch flashy luxury as global sales stall, says Bain

Chinese maker of semi-solid EV batteries reports delivery jump amid range rivalry

China opens tit-for-tat anti-dumping probe into European pork

German firms hope EU-China tariff talks can help dodge shake-up in EV business

Canadians paying more for airfares as summer ticket prices jump

Rival pork exporters could benefit from China-EU trade tensions

The Most Watched TV Show of 2024

GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

China’s Surge in Solar and Hydro Points to Early Carbon Peak

Oil prices stable as demand uncertainty persists

The threat of a Europe-China trade war looms as Beijing launches an antidumping probe on pork

3 High Yield Dividend Stocks In Hong Kong With Up To 9% Yield

China probes European pork prices after EU hikes tariffs on its electric cars

Analysis-Global gasoline refining margins slump on slow summer driving season

Tesla begins legal bid to OK Elon Musk's mega-pay

Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership