SHANGHAI/BEIJING (Reuters) -China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world’s second-largest economy saddled with vast oversupply, prompting it to push into global car markets. Top policymakers omitted electric…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Jim Cramer, the host of CNBC’s “Mad Money,” spotlighted Intel Corporation’s (NASDAQ:INTC) staggering $18.8 billion loss in its foundry division in 2024, despite receiving $8.5 billion in U.S. CHIPS Act subsidies. Cramer took to X on Wednesday to highlight the financial challenges of domestic semiconductor…
NEW YORK (AP) — A public document filed by a company that just hired President Donald Trump’s two oldest sons as advisers included a sentence early Monday that said it hoped to benefit from grants and other incentives from the federal government, which their father happens to lead. But when The Associated Press asked the…
On 21 July, the WTO circulated the arbitration award in the proceedings initiated by the European Union under Article 25 of the Dispute Settlement Understanding to review the findings of a WTO dispute panel in “China — Enforcement of Intellectual Property Rights” (DS611). Source link
Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party, and Trump suggesting Musk could be punished for his opposition. Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party, and Trump suggesting Musk could…
US President Donald Trump on Tuesday (Monday night in US) hit back at billionaire Elon Musk, warning that without subsidies from the American government, the Tesla CEO would “probably head back home to South Africa.”In a post on Truth Social, Trump said, “Elon Musk knew, long before he so strongly Endorsed me for President, that…