Volvo is relocating the production of its Chinese-made electric vehicles to Belgium in anticipation of potential EU tariffs on Beijing-subsidized imports, thereby avoiding the need to halt sales of these EVs in Europe.
Sectors
New Zealand Plans to Revoke Previous Government’s Oil Drilling Ban
The New Zealand government of PM Christopher Luxzon announced that it would revoke a ban on drilling for oil and gas passed by the previous government of Jacinda Ardern and Chris Hipkins before they were voted out of power.
Microsoft Reveals New Xbox Consoles, Games at Games Showcase
Microsoft announced a series of new all-digital versions of its Xbox Series X and S consoles and announced new games for the console in its annual Xbox Games Showcase.
Virgin Galactic to Commercialize Spaceplane Flights in 2026 After Successful Tourist Tour
Virgin Galactic flew four tourists to space and back in its second successful flight of the year as it prepared for commercial space travel in 2026.
Israel Upholds Al Jazeera Ban With 45 More Days Due to Security Threat
Israel extends Al Jazeera ban for an additional 45 days, citing security concerns, and could face further extension pending government justification by Aug. 8.
Latest News
Samsung workers in South Korea stage their first-ever strike, organized by the Nationwide Samsung Electronics Union (NSEU) due to failed negotiations over pay and bonuses, impacting nearly a quarter of the company's workforce and coinciding with a strategic day off.
Virgin Galactic completed its second spaceflight of the year, ferrying four tourists to the edge of space and back.
Walmart opposes a new New York law requiring panic buttons for retail worker safety, citing concerns over potential false alarms, despite the legislation being passed by the state Senate and Assembly and awaiting the governor's signature.
US lawmakers call for heightened scrutiny of NewsBreak due to its Chinese origins and use of AI for generating inaccurate news.
The Australian eSafety Commissioner is engaged in a legal dispute with Elon Musk's X Corp over the social media giant's allegedly inadequate response to a transparency notice concerning online safety expectations, resulting in a hefty fine and ongoing court battles initiated by both parties.
Stanford University's study on Pfizer's antiviral Paxlovid finds no significant relief for long COVID-19 symptoms, prompting ongoing investigation into its potential effects on persistent symptoms in a groundbreaking clinical trial.
China's export growth picked up in May despite US trade tensions, according to customs data. China's export growth picked up in May faster than in over a year despite US trade tensions, according to customs data released on Friday, June 7.
Russia's President Vladimir Putin has claimed that almost 40% of the country's trade is now transacted in Russian rubles.
GSK has announced that the FDA has expanded the approval of its respiratory syncytial virus (RSV) vaccine, Arexvy, to those aged 50 to 59.
