Brazil's Petrobras CEO says dividends not on agenda of next board meeting

RFI
Carmakers unhappy after EU hits China with tariffs on electric vehicles
The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps. Brussels launched an investigation last year into Chinese electric vehicle manufacturers to probe whether state subsidies were unfairly undercutting European automakers.Since announcing the planned tariff hike last month, o
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
Fortune
China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame
U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.
CoinDesk
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
AFP News
Why are Chinese electric cars in EU crosshairs?
The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
South China Morning Post
China seeks to hop tech hurdles with robots, 6G as industrial development hits key juncture
China pledged on Friday to make breakthroughs in emerging industries - including bleeding-edge fields like humanoid robots, 6G mobile technology and atomic-level manufacturing - that could enhance its strength in the high-growth tech arena while preserving traditional sectors as a bedrock. The country's unique system - which can concentrate resources on specific benchmarks - can be marshalled to fill gaps in core technologies created by containment efforts from the United States, said Jin Zhuang
The Guardian
China to hold hearing into brandy imports as tension grows with EU over tariffs on EVs
Ministry will discuss investigation into claims that European producers are selling goods below market rates
TechCrunch
Tesla makes it onto Chinese government purchase list
For the first time, Chinese government workers will be able to purchase Tesla’s Model Y for official use. Specifically, officials in eastern China’s Jiangsu province included the Model Y in a government procurement list, which was also reported in the state-owned publication The Paper. As the only foreign-owned electric vehicle company on the list, Tesla’s inclusion is a sign that the company’s efforts to win over the Chinese government are paying off.
Reuters
Europe's top cognac makers to attend China meeting on anti-dumping probe, source says
LONDON (Reuters) -Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said. Companies behind major brands Martell, which is owned by Pernod Ricard, Remy Martin - part of Remy Cointreau - and Hennessy, owned by LVMH, received a summons overnight to attend the hearing, the source said.
Reuters
U.S. developer Panattoni says India should ease land acquisition process amid warehousing boom
The head of U.S.-based industrial real estate developer Panattoni has urged India to streamline its land acquisition processes which he said make it difficult for developers to cash in on a warehousing boom in the country. Foreign and domestic real estate developers are building more warehouses in India to cater to growing storage demand of companies, but land acquisition is often a sticking point in a country where multiple farmers or other people can own a piece of land, and transfer processes are complex and take time. While India offers opportunities for expansion, "the biggest challenge is land itself - permissions (and) availability of data to acquire land," said Robert Dobrzycki, CEO of Panattoni, which owns large industrial real estate assets in the U.S., Canada and Europe and entered the Indian market in 2022.
Reuters
China's BYD acquires 20% stake in Thai dealer Rever Automotive
China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. Rever Automotive, which has over 100 showrooms in Thailand, launched the sale of BYD vehicles in 2022 and BYD soon became the country's top-selling EV brand.
Yahoo Finance Video
Auto industry still on track for 'an electrified future'
Automakers continue to report sales growth, prompting investors to question whether this trend can persist into the second half of 2024. Cox Automotive executive analyst and senior director of economic and industry insights Erin Keating joins Market Domination Overtime to discuss her outlook on the auto industry. Keating calls the auto industry's performance "pretty good" in 2024 despite economic uncertainty that pointed to a potential slowdown. Addressing the electric vehicle (EV) sector, she notes that "a lot of the decline" in the EV market "is coming out of the Tesla (TSLA) share," noting Tesla's former position as the sole competitor in the market. With more automakers transitioning to EV production, Keating doesn't believe that "EV demand is completely falling off a cliff." Instead, she describes the market as "normalizing," reflecting a more competitive landscape. Looking ahead, Keating tells Yahoo Finance that 'the automotive market will have to balance itself out." She forecasts increased consolidation and collaboration among automakers as the industry adapts to evolving dynamics. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
CoinDesk
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.
Yahoo Finance Video
Nike, Lululemon, Deckers: Top retail brands in focus
Brad Smith, Brian Sozzi, and Myles Udland conduct a fit check as they review the stock performance of several premier retail brands: Nike (NKE), Lululemon (LULU), and UGG and Hoka parent company Deckers Outdoor (DECK). The trio comment on their own experiences with the clothing and footwear brands, while focusing on each companies' respective leadership decisions and promotional strategies. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Hello!
Elizabeth Hurley flaunts bombshell curves as she twins with close friend in string bikini
Elizabeth Hurley looked sensational when she slipped on a daring bikini alongside her close friend. See photo.
The Telegraph
Wife wars? The real reason the Obamas are not standing up for Biden
When Joe Biden was inaugurated as the 46th President of the United States in 2021, much was made of his wife Dr Jill Biden becoming the first First Lady ever to hold a salaried outside job.
The Independent
Dad pleaded for daughter’s ex-boyfriend not to be freed from jail. Days later, her mutilated body was found in a car
‘If they let him out, he was going to kill her,’ Lauren Johansen’s father said he warned a judge just days before his daughter’s death
The Telegraph
Biden vows to ‘beat Trump in 2020’ and says he’s proud to be a black woman in latest gaffes
Joe Biden vowed to beat Donald Trump “in 2020” as he pledged to stay in the presidential race and fight to save his re-election bid.
Reuters
China anchors 'monster ship' in South China Sea, Philippine coast guard says
The Philippine Coast Guard (PCG) said on Saturday that China's largest coastguard vessel has anchored in Manila's exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbour. The China coastguard's 165-meter 'monster ship' entered Manila's 200-nautical mile EEZ on July 2, spokesperson for the PCG Jay Tarriela told a news forum. The PCG warned the Chinese vessel it was in the Philippine's EEZ and asked about their intentions, he said.
The Daily Beast
Conservatives Routed in Worst Election Result for 200 Years
LONDON—The Conservatives, the world’s winningest political party, were booted out of power in dramatic style on Thursday after 14 years of chaotic and divisive rule.The Labour Party had secured a landslide victory, ending an era of Conservative rule over Britain that stretches back to 2010; the year that the iPad and Instagram were launched and Lady Gaga wore that meat dress to the MTV music awards.In that time, the Conservatives have cycled through five leaders, each of them dragging the party

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Brazil's Petrobras CEO says dividends not on agenda of next board meeting

Latest stories

Carmakers unhappy after EU hits China with tariffs on electric vehicles

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool

Why are Chinese electric cars in EU crosshairs?

China seeks to hop tech hurdles with robots, 6G as industrial development hits key juncture

China to hold hearing into brandy imports as tension grows with EU over tariffs on EVs

Tesla makes it onto Chinese government purchase list

Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

U.S. developer Panattoni says India should ease land acquisition process amid warehousing boom

China's BYD acquires 20% stake in Thai dealer Rever Automotive

Auto industry still on track for 'an electrified future'

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Nike, Lululemon, Deckers: Top retail brands in focus

Elizabeth Hurley flaunts bombshell curves as she twins with close friend in string bikini

Wife wars? The real reason the Obamas are not standing up for Biden

Dad pleaded for daughter’s ex-boyfriend not to be freed from jail. Days later, her mutilated body was found in a car

Biden vows to ‘beat Trump in 2020’ and says he’s proud to be a black woman in latest gaffes

China anchors 'monster ship' in South China Sea, Philippine coast guard says

Conservatives Routed in Worst Election Result for 200 Years