New Delhi, India – Tesla is finally cruising in India, the world’s third-largest car market, with the launch of its Model Y. The rollout marks the culmination of a decade-long, topsy-turvy journey. Showcased at its new showroom in Mumbai, India’s financial capital, on Tuesday, Tesla’s Model Y is now on sale for about $70,000, a…
China’s spy agency has accused overseas intelligence agencies of stealing controlled rare earth materials, reiterating its intent to curb smuggling even as Beijing agrees to review applications to export the vital industrial resource after trade talks with the US. Without naming any country, the Chinese Ministry of State Security accused foreign entities of orchestrating the…
At a factory in southern China, hundreds of assembly-line workers wearing blue caps churn out kitchenware and grilling accessories for global retailers including Walmart Inc. The vast shop floor — almost the size of six soccer fields — is a hive of activity as everything from grill tongs to food storage containers are assembled and…
The United States is losing strategic ground to China due to US President Donald Trump’s withdrawal from the global stage and transactional approach to foreign policy, a Democrat-authored report has warned. Surveying Trump’s first six months in office, the report warns that his tenure has “significantly undermined” Washington’s ability to compete with China. The report highlights…
The sales resumption of Nvidia’s H20 processors and Advanced Micro Devices’ (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts. Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to…
The EV maker also opened its first showroom in Mumbai on Tuesday. Tesla has launched its Model Y in India for about $70,000, a significant markup relative to its other major markets, reflecting the country’s high tariffs on electric vehicle imports, which CEO Elon Musk has long criticised. The electric carmaker announced the price on…
China’s GDP grew 1.1 percent from April to June despite US tariffs, official data shows. China’s economy grew by more than 5 percent in the second quarter, according to official data, staying on track to meet Beijing’s annual growth target despite United States President Donald Trump’s trade war. China’s gross domestic product (GDP) expanded by 1.1…
EU’s von der Leyen says bloc will safeguard its interests, ‘including the adoption of proportionate countermeasures’. United States President Donald Trump has imposed a 30-percent tariff on imports from Mexico and the European Union starting on August 1, weeks after negotiations with the major trading partners failed to reach a more comprehensive trade deal. Trump…
United States President Donald Trump has announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded. This comes as Trump sends “tariff letters” to a host of countries this week, notifying them of planned US…
‘Positive trend’ in US-Russia ties remains despite Washington’s ‘zigzag’ policy, Moscow says. Russian Foreign Minister Sergey Lavrov and United States Secretary of State Marco Rubio have met again at the ASEAN foreign ministers’ meeting in Malaysia’s Kuala Lumpur, according to Russia’s state-run TASS agency, with the war in Ukraine the key focus. The conversation followed…