U.S. President Joe Biden and German Chancellor Olaf Scholz vowed on Friday to keep imposing costs on Russia for its war in Ukraine, now in its second year, as an EU official said any arms provided by China to Russia would trigger sanctions. Biden and Scholz met in private in the Oval Office for over […]
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The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday. The 192 licenses granted were out of 242 license applications decided between […]
EU Commission President Ursula von der Leyen said on Sunday she is determined to counter challenges from U.S. subsidies for green technologies and to speed a currently blocked law on phasing out combustion engines from 2035. Visiting Chancellor Olaf Scholz and the German cabinet at the start of a two-day meeting near Berlin, von der […]
1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]
There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary fillip. Many central bank officials certainly seemed less quick to judgment. U.S. Federal Reserve […]
Arianespace’s failed satellite launch in December was likely to have been caused by a faulty carbon component, which Italian aerospace group Avio had purchased from a supplier in Ukraine, the company said, as it published findings of an enquiry on Friday. An Arianespace mission on Dec. 20 carrying two Airbus Defence & Space satellites failed […]
Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project Juniper – involve the exterior and interior of the electric vehicle (EV) with a target of starting production in 2024, according to two of the people, […]
Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting […]
More than a dozen Tesla executives took the stage at the company’s Investor Day on Wednesday, a departure from its previous such events where Elon Musk tended to dominate. The move, a first for Tesla, appeared to be aimed at showcasing the depth of its executive bench as at a time when investors have worried […]
Honestly, I wasn’t sure I was the right person for this interview. The article we had in mind was about a successful female banking executive in what is generally still perceived as an old boy’s club. A triumph of gender balance against the odds. Punching a hole through the glass ceiling. A woman who flew […]