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[UPDATE] Chinese EV Shares Jump Following EU’s New Import Tariffs

Most Chinese EV manufacturers' stock prices rose on Thursday morning after the EU proposed 38% higher tariffs.


EU Plans to Sanction Russia's Sovcomflot PJSC to Curb Kremlin's War Financing

The European Union is considering sanctions against Russia's Sovcomflot PJSC, a major oil-shipping company, aiming to curtail the Kremlin's financial support for its military actions in Ukraine.

Two Texan Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China

Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.

Surge of Chinese EVs in Australia Sparks Dumping Concerns, Up to 50 Brands Expected by 2030

The influx of Chinese electric vehicles into the Australian car market, potentially reaching up to 50 brands by 2030.


Latest News

US Sanctions Former Exxon Contractor, Public Official in Guyana Over Alleged Fraud and Bribery
The US has sanctioned a Guyanese mining mogul over accusations of tax fraud and bribery. The United States (US) has sanctioned Guyanese mining mogul Nazar Mohamed and his son Azruddin over accusations of tax fraud and bribery, the Treasury Department announced on Tuesday.
Samsung Electronics is merging its North American AI research centers and has hired a former Apple executive to lead the newly formed North America AI Center, which combines teams from Toronto and Mountain View.
SARS Claims Clothing Stores Evade Tax Hikes in South Africa, Accusing Them of Taking Advantage of Peculiar Taxing System
SARS claims that clothing stores are evading the tax hikes in South Africa. Officials explained how clothing brands are possibly doing it.
Meta Wants To Use European Data for AI Training—Will Privacy Complaints Hinder It?
Meta said it wants to use European data for AI training while facing privacy concerns from European countries. Can it be allowed to do so?
Mystery Surrounds OpenAI's San Francisco Office as Undercover Guards Raise Concerns
OpenAI's San Francisco office is shrouded in mystery and unease as locals report the presence of undercover security guards who remain tight-lipped, leaving neighboring businesses and residents unsettled.
OCBC Bank to Bolster Corporate Banking with Expanded Software Engineering Team in Shenzhen
OCBC Bank plans to hire 300 highly skilled engineers in China over the next three years to strengthen its corporate banking business, expanding its Shenzhen office where it currently has over 260
Volvo to Move EV Production to Belgium From China as EU Prepares to Impose Tariffs on Chinese EVs
Volvo has reportedly started moving production of EVs to Belgium in anticipation of the European Union's impending taxes on China-made cars.
Indian Man Chops His Friend's Body to Pieces After Killing Him Due to Financial Dispute
An Indian man was arrested for killing his friend, chopping his body into pieces, and tossing them into stormwater drains.
TOPSHOT-CHINA-RUSSIA-DIPLOMACY
The United States anticipates the G7 to issue a stern warning to smaller Chinese banks to halt their assistance to Russia.
Freighter in Lake Superior Hits Underwater Object, Requires Emergency Assistance
A freighter navigating Lake Superior collided with an underwater object, prompting emergency response efforts by the US Coast Guard.
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