Author: i2wtc
Image source, Getty ImagesArticle informationauthor, Mitchell Labiakrole, Business reporterJune 12, 2024Prices of Chinese electric cars could rise in the European Union after politicians called the vehicles a threat to the country’s industry.The report “tentatively concluded” that Chinese electric vehicle (EV) makers would face tariffs from July 4 if talks with Chinese authorities fail to reach an effective solution.The EU’s announcement comes as it continues to investigate the flood of cheap, government-subsidized Chinese cars into the bloc.China argues the tariffs violate international trade rules and has called the investigation “protectionist.”EV makers that cooperate with the investigation launched in October by the…
PARIS (AP) — French President Emmanuel Macron defended the decision to call a surprise general election following his party’s disastrous defeat in European Parliament elections, arguing Wednesday that voters would ultimately choose “progressives” rather than the far right. A solemn President Macron said his move to call early parliamentary elections, to be held in two phases on June 30 and July 7, was a show of his “confidence” in the French people. He urged moderate politicians on the left and right to reunite his centrist coalition to defeat the far right.”I think the French are smart, they see what is…
Get our FREE US Election Countdown newsletterImportant news about money and politics in the race for the White HouseThe U.S. Treasury Department has significantly expanded its secondary sanctions program against Russia and will now treat foreign financial institutions that do business with sanctioned Russian companies as if they were doing business directly with the Kremlin’s military-industrial base.The new set of measures would expand a White House executive order issued in December that gave the Treasury Department the authority to impose secondary sanctions on foreign financial institutions if they were found to be acting for or on behalf of any of…
Chinese Premier Li Qiang meets with Japanese Chamber of Commerce and Industry delegation … [+] Happy times. (Photo by Yao Dawei/Xinhua via Getty Images)Xinhua News Agency via Getty Images Japanese companies, once big fans of Chinese companies and a major source of Chinese investment inflows, have turned their backs on China. This is unwelcome, to say the least, as Beijing struggles to revive its economy and grapples with growing hostility from the United States and Europe. It presents President Xi Jinping and his Beijing advisers with even tougher economic and financial challenges. In this pivot, Japanese companies followed most other…
Stellantis CEO Carlos Tavares speaks at a press conference after meeting with labor unions in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersTavares and other executives are expected to address competition with China, capital discipline, upcoming products, software efforts and the possibility of further cost-cutting as the company aims to hit ambitious financial targets by 2030.When Tavares’ PSA Group merged with Fiat Chrysler in January 2021, the newly combined company targeted cutting spending by 5 billion euros ($5.4 billion) annually, a target it said it would reach in 2024, a year ahead of schedule.More recently, Tavares said the parent company…
(WJET/WFXP) — Bus company Coach USA announced plans to sell its assets Tuesday and filed for Chapter 11 bankruptcy protection. Coach USA operates under several brands, including Megabus, Coach Canada, Dillon’s Bus Company, Coach USA Airport Express and Go Can Galder. Coach USA’s fleet of approximately 2,070 buses carries millions of passengers across North America each year. The company currently has assets of between $100 million and $500 million, but liabilities of about $200 million, according to court documents. The company announced the filing in a press release, citing a variety of factors that led to the filing and sale.…
Kansas City Chiefs tight end Travis Kelce and Philadelphia Eagles center Jason Kelce have become major investors in Ohio-based light beer company Garage Beer. ESPN’s Adam Schefter It was reported on Wednesday. This marks the Kelce brothers’ first joint venture since launching their hugely popular podcast, “New Heights,” in 2022, and the first time the University of Cincinnati alumni will serve as significant owners and operators of a business together.”People are craving quality and simplicity, and Garage beer gives me both,” Jason Kelsey said in a press release. “We’re all about light beer drinkers, and Garage is the best light…
The Biden administration on Wednesday announced a set of new financial sanctions aimed at severing the rapidly expanding technology ties between China and Russia, which U.S. officials see as the backdrop to a broader effort to rebuild and modernize Russia’s military amid the country’s war with Ukraine.The measures were announced just before Biden leaves Russia for a meeting of the Group of Seven industrialized nations in Italy, where renewed efforts to undermine Russia’s economy are set to be at the top of the president’s agenda.The effort has become much more complicated over the past six to eight months as China,…
Info-Tech LIVE 2024 will provide actionable insights and transformation strategies for IT leaders and professionals. The first wave of featured experts for the September conference include: Las Vegas was announced, setting the stage for a groundbreaking event focused on the future of technology and next-generation IT operating models.Toronto, June 12, 2024 /PRNewswire/ — Info-Tech Research Group, a global IT research and consulting firm, has announced the upcoming keynote speakers for its upcoming Info-Tech LIVE 2024 conference. September 17-19, 2024at the Bellagio Las VegasThis premier event brings together IT executives and professionals from around the world to engage with thought leaders,…
A unique production by Monumental Sports & Entertainment The rescue dog competition show will air on Friday, June 14th. click here Videos and photos of Stanley Pups dogs and Capitals players, video of Tom Wilson and Trevor Van Riemsdyk is reading out the “starting lineup.” Washington DC (June 12, 2024) –Monumental Sports Network (MNMT), a local independent media platform, announced today that the show will be broadcast. Stanley PappA 90-minute program depicting friendly dog competitionwhich will air Friday, June 14 at 7pm ET. The show will be rebroadcast several times on MNMT over the coming weeks. Monumental Sports & Entertainment…