New tariffs on imported wood and certain wood products took effect on Tuesday. Softwood timber and lumber are now subject to 10% tariffs under a proclamation signed by President Donald Trump last month. Trump also imposed 25% import taxes on upholstered furniture, kitchen cabinets, and bathroom vanities. Those rates are slated to increase again on…
Goldman Sachs’s top executive is feeling good about markets, with some important caveats. David Solomon, the bank’s CEO, struck an upbeat tone when speaking about stocks and the US economy at Italian Tech Week on Friday. Despite some risks on his radar, the CEO of the investment bank said he was generally unbothered about the…
A three-year-old boy in China has shocked the nation after he miraculously survived an 18-storey fall from his residential building, thanks to a tree that broke his fall. As a mark of gratitude, the boy’s father later adorned the tree with a large red flower. The incident unfolded on July 15 in Hangzhou, Zhejiang province,…
Around 1.8 million BEVs were produced in Europe in 2024 (including the EU, UK, EFTA and Serbia, T&E calculations), very close to those sold in the same year (2 million). Germany leads the way with 1.2 million BEVs produced, followed by France with 330,000. Based on the current EU regulation on car CO2 standards, the…