Month: August 2024
Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition
Canada’s Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Blair Gable | Reuters Canada said on Monday it would impose 100% import tariffs on China-made electric vehicles, following in the footsteps of the U.S. and the European Union in slapping […]
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Stocks making the biggest moves premarket: Paramount Global, Cava, JD.com and more
Check out the companies making headlines before the bell. Paramount Global — The media conglomerate’s stock dropped nearly 5% after Edgar Bronfman Jr. withdrew his bid for the media company. This clears a path for Skydance Media to take over Shari Redstone’s media empire. Paramount expects the deal with Skydance to close in the first […]
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Copper prices near six-week high as one strategist says the ‘worst of the correction is over’
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. Bloomberg | Bloomberg | Getty Images Copper prices on Tuesday rose to an almost six-week high, supported by fresh investor demand and market optimism over the potential for imminent […]
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Russia warns France over Telegram founder’s detainment, suggests it may be politically motivated
Telegram founder and CEO Pavel Durov AOP.Press | Corbis | Getty Images Russia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the CEO and founder of messaging app Telegram, suggesting the move may be politically motivated. On Saturday, the Paris Public Prosecutor’s Office issued a warrant for Durov’s arrest over […]
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Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply
Eli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach millions of patients without insurance coverage for the popular injection, such as those with Medicare. The move also aims to expand the supply of Zepbound in the U.S. as demand skyrockets, […]
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Britpop legends Oasis reunite for 2025 tour — and demand for tickets is expected to be huge
In this photo illustration on social platform X, Oasis announce their reunion gigs for next summer on August 27, 2024 in London, England. Leon Neal | Getty Images Entertainment | Getty Images LONDON — Liam and Noel Gallagher, the frontmen of British band Oasis, confirmed Tuesday they would put aside a 15-year feud to reunite […]
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Volkswagen China is spending lots of time at Xpeng to make new EVs
Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu […]
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‘A different perspective’: This top marine scientist is determined to resolve deep-sea mining’s murky future
Environmental activists calling for an international moratorium on deep-sea mining. Sopa Images | Lightrocket | Getty Images Brazilian marine scientist Leticia Carvalho will be the first-ever woman, oceanographer and person of Latin American heritage to lead the International Seabed Authority — and she says it “feels fantastic.” “I am very proud,” Carvalho told CNBC via […]
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Most Asia markets track declines in key Wall Street indexes; investors assess China industrial profits
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets largely fell on Tuesday, tracking losses in the S&P 500 and the Nasdaq overnight, while investors assessed industrial profit data out of China. China’s industrial profits from January to […]
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Chinese military’s airspace violation is utterly unacceptable, Japan says
Japan’s defense ministry said it had scrambled jets against a Chinese reconnaissance aircraft that had briefly breached its airspace on Monday morning. Wong Yu Liang | Moment | Getty Images The violation of Japan’s airspace by a Chinese military aircraft is “utterly unacceptable,” the top Japanese government spokesperson said on Tuesday, a day after Japan […]
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