U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting …
WEB1 day ago · The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation ...
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WEBTesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
Beijing Vows Retaliation as U.S. House Passes Bill Targeting Hong …
WEB2 days ago · The U.S. House of Representatives has passed a bipartisan bill that could lead to the closure of Hong Kong's trade offices in the United States, escalating tensions between Washington and Beijing. The legislation, known as the Hong Kong Economic and Trade Office Certification (HKETO) Act, was approved with overwhelming support on Tuesday, sparking strong condemnation from both the Hong Kong ...
China Suspends PwC for Six Months, Levies Record Fine Over …
WEB1 day ago · Chinese regulators have imposed a six-month business suspension on PricewaterhouseCoopers' (PwC) mainland China unit and levied a record fine of 441 million yuan ($62 million) over the firm's audit of the troubled property developer China Evergrande Group. The penalties mark the toughest action taken …
Boeing Workers Strike, Halting 737 MAX Production as Union …
WEB1 day ago · Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges.
Oracle Projects $104 Billion Revenue by 2029 Amid AI-Driven …
WEB1 day ago · Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about ...
Oil Prices Surge Amid Gulf of Mexico Disruptions and Market Rally ...
WEB2 days ago · Oil prices are on track to register their first weekly gain in a month, driven by a combination of supply disruptions in the U.S. Gulf of Mexico due to Hurricane Francine and a broader market recovery that has lifted commodities. The Brent crude benchmark rose above $72 per barrel on Friday, continuing a three-day …
U.S. Inflation Drops to Lowest Level Since Early 2021 as Fed …
WEB3 days ago · U.S. consumer prices increased modestly in August, continuing a trend of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.2% for the month, in line with expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July.
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as …
WEB5 days ago · The proposed contract falls short of the union's initial demand for a 40% pay increase, but negotiators are nonetheless championing the deal as a significant victory. In addition to the 25% wage hike, the agreement includes $3,000 lump-sum payments for each covered employee, improved health insurance …
U.S. Faces Largest Summer COVID Surge in Two Years: Health …
WEBAug 17, 2024 · As summer draws to a close, the United States is experiencing its largest surge in COVID-19 cases in at least two years, signaling the need for renewed vigilance and precaution. Data from the Centers for Disease Control and Prevention (CDC) show a significant rise in viral activity, with levels in wastewater reaching the highest point for a summer surge since July 2022.
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