Biden Administration Grants $2 Billion to Boost EV Production Across Eight States

Biden Administration Grants $2 Billion to Boost EV Production Across Eight States

The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.


Grab's Trans-Cab Takeover Could Stifle Competition, Competition Watchdog Warns

The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.

Volkswagen to Mass-Produce Solid-State Batteries With QuantumScape Tech

Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.

US Plans to Buy Up to 4.5 Million Barrels of Oil for Strategic Petroleum Reserve

The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).


Latest News

Elon Musk's Neuralink Says Tiny Wires in First Human Patient's Brain Chip Now Stable
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US Sanctions Are Compromising Russian Imports of Chinese Cars
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
US FTC to File Lawsuit Against 3 Biggest Prescription Drug Middlemen Over Insulin Prices: Report
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
New York Hotels Will Not Be Permitted to Use Small Shampoo and Lotion Bottles — Here’s Why
Hotel guests in New York will no longer be able to receive "hospitality care" goods like shampoo and lotion in small bottles.
BMW Recalls Over 390,000 US Cars Over Potential Issues With Takata Airbags
BMW has issued a recall for 394,000 cars in the US because of defective Takata airbag inflators that might cause severe or fatal injuries.
Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain
Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period last year.
UK Economy Grows 0.4% in May: Official Statistics
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
Alzheimer's Treatment Breakthrough: Nasal Sprays Boost Brain Health, Study Suggests
A recent study indicates that nasal sprays containing tiny lipophilic micelles may significantly enhance Alzheimer's treatment by improving cognitive function.
Archegos Founder Bill Hwang Found Guilty of Securities Fraud
Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.
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