• Reuters

    China's Geely expresses disappointment in EU tariff decision, vows 'necessary measures' to safeguard rights

    Chinese automaker Geely on Thursday expressed "great disappointment" in the European Union's decision to increase tariffs on Chinese-made electric vehicles, vowing "all necessary measures" to safeguard its legitimate rights. "We call on the European Commission to carefully consider its decision, listen to the concerns of all parties, and work together to find a solution that promotes fair competition, whilst creating a constructive environment for long-term sustainable development," it said in a statement. Geely would be subject to a 20% additional duty rate from next month as Brussels decided on additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC , on top of the existing 10% car duty.

  • BBC

    Russian warships in Cuba are no threat, US says

    The visit is seen as Russia's sabre-rattling, amid tensions with the West over Moscow's invasion of Ukraine.

  • Associated Press Finance

    Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package

    If Tesla shareholders approve an all-stock compensation package for CEO Elon Musk that was thrown out this year by a Delaware judge, it would almost guarantee he would remain at the company he grew to be the world leader in electric vehicles, shifting to AI and robotics including autonomous vehicles, which Musk says is Tesla's future. If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies.