Caverion to deliver process electrical and instrumentation installations in the Stora Enso Oulu mill

Euronews
What Brussels found when it probed Chinese subsidies and electric cars
China-made electric vehicles will soon be subject to additional tariffs when they are brought into the European Union's borderless market.
The Telegraph
The brutal truth about the West’s war on Chinese electric cars
Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Perhaps surprisingly, it may not be the Chinese brands themselves.
Reuters
Tesla's Musk wins shareholder approval for $56 billion pay package, touts his ability to 'deliver'
(Reuters) -Tesla shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive to keep his focus on his biggest source of wealth. The approval underscores the support that Musk enjoys from Tesla's retail investor base, many of whom are vocal fans of the mercurial billionaire. Onstage at the annual shareholder meeting in Austin, Texas, Musk described himself as pathologically optimistic.
INSIDER
China became the world's factory by selling cheap goods. This strategy won't work for EVs.
The European Commission announced it will impose tariffs of up to 38.1% on Chinese EV imports from next month — on top of the existing 10% duty.
Fortune
Germany and Sweden dragged into trade war against their will as EU slaps 38% tariffs on Chinese EVs
The EU has escalated its trade war with China after placing prohibitive import tariffs on carmakers including BYD and Geely.
The Edge Singapore
Singtel in talks to build data centre in Johor — sources
Singtel, via Nxera, is said to be in talks with Malaysian authorities to set up a data centre in Iskandar Puteri.
The Independent
Hamptons restaurant claims influencers demanded free food then said they had the ‘worst’ $2,000 dinner
‘I know hospitality in the Hamptons isn’t the best, but this is criminal,’ influencer says on TikTok
Reuters
European dairy, pork producers wary of Chinese retaliation for EV tariffs
Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China after the European Union's decision on Wednesday to impose anti-subsidy duties on Chinese-made electric vehicles (EVs). China's state media have reported that domestic companies are preparing to request investigations into some EU dairy and pork imports over anti-subsidy or anti-dumping concerns, moves that could result in lengthy trade suspensions.
Reuters
China urges EU to reverse EV tariffs, Chery undeterred
BEIJING (Reuters) -Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country's top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year. The reaction from China and others embroiled in the dispute, including European and Chinese car makers, points to clear opposition to the EU decision and an eagerness to de-escalate the situation. Industry insiders say both Europe and China have reasons for wanting to strike a deal in the months ahead to avoid the addition of billions of dollars in new costs for Chinese electric car makers, as the EU process allows for review.
Yahoo Finance
Elon Musk wins Tesla shareholder battle to keep his record-breaking pay
Tesla shareholders re-approved Elon Musk’s record-breaking pay pact and signed off on a new Texas incorporation, a show of support for the CEO.
GOBankingRates
How Much Does the Average New Yorker Have in Retirement Savings?
New York has a reputation for being a "big money" state, but that's primarily due to its most famous borough, Manhattan in New York City. While some of the richest people in the world do have...
The Telegraph
World faces ‘staggering’ excess of oil by end of decade, warns IEA
The world will face a “staggering” excess of oil by the end of the decade, the International Energy Agency has said, as producers continue to plough money into new projects despite the shift to net zero.
BBC
Why the EU might be about to make Chinese electric cars more expensive
Brussels is widely expected to introduce tariffs on Chinese electric vehicles coming to Europe.
Associated Press Finance
Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and the Asian nation's burgeoning exports of green technology to the 27-nation bloc. Here are some basic facts about the EU's planned tariffs: What did the European Union do?
France 24
EU fines Hungary €200 million for flouting asylum laws
The EU’s top court on Thursday fined Hungary 200 million euros ($216 million) and imposed a daily one-million-euro penalty for failing to follow the bloc’s asylum laws and illegally deporting migrants, a decision Budapest slammed as “unacceptable”. The fine and penalty were because Hungary “is deliberately evading” compliance with the European Union laws despite a 2020 ruling that it must uphold international procedures for asylum seekers, the European Court of Justice said.“Since this failure t
Reuters
Largest US oil trade group sues to block Biden's EV push
The nation's largest oil trade group, which includes Exxon Mobil and Chevron, filed a federal lawsuit on Thursday seeking to block the Biden administration's efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force automakers to produce and sell more electric vehicles to meet the new standards. The American Petroleum Institute (API) says the EPA has exceeded its congressional authority with a regulation that will eliminate most new gas cars and traditional hybrids from the U.S. market in less than a decade.
Reuters
French cognac makers 'deeply concerned' after EU slaps tariffs on Chinese EVs
French cognac producers are "deeply" worried about the results of a Chinese probe into European cognac imports, a trade body said on Wednesday, after the European Commission imposed tariffs on imports of Chinese electric vehicles. The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing which called the move protectionist. China already launched an anti-dumping investigation on brandy imported from the European Union in January, in a move seen as a response to the widening trade disputes between Beijing and Brussels.
AFP News
EU to hit Chinese electric cars with tariffs of up to 38%
The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.The EU tariffs, while high, are lower than the 100-percent rate the United States imposed from last month on Chinese electric cars.
Reuters SG
Strikes force mill shutdown at Australia's largest sugar maker
Australia's largest sugar producer halted operations on Wednesday at a mill that began processing cane two days ago, after unions agitating for better pay said workers would lay down tools, the company said. The mill in the northeast Burdekin region is the only one of eight run in Australia by Wilmar Sugar and Renewables that has begun its cane crushing season, with the others due to begin operating in the coming weeks. The start of processing at all eight mills was delayed by the pay dispute, which poses an increasing threat to Australian sugar production and exports as it could shorten the crushing season and cause cane to be left unharvested.
GOBankingRates
Gen X and Boomers: 3 Mistakes That Are Forcing You To Retire After Age 65
While retirement is the ultimate goal for many working professionals, no matter what age or demographic you might find yourself in, it's not always possible to do so at the typical age of 65. In fact,...

Straits Times Index

Nikkei

Hang Seng

FTSE 100

Bitcoin USD

CMC Crypto 200

S&P 500

Dow

Nasdaq

Gold

Crude Oil

10-Yr Bond

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Caverion to deliver process electrical and instrumentation installations in the Stora Enso Oulu mill

Latest stories

What Brussels found when it probed Chinese subsidies and electric cars

The brutal truth about the West’s war on Chinese electric cars

Tesla's Musk wins shareholder approval for $56 billion pay package, touts his ability to 'deliver'

China became the world's factory by selling cheap goods. This strategy won't work for EVs.

Germany and Sweden dragged into trade war against their will as EU slaps 38% tariffs on Chinese EVs

Singtel in talks to build data centre in Johor — sources

Hamptons restaurant claims influencers demanded free food then said they had the ‘worst’ $2,000 dinner

European dairy, pork producers wary of Chinese retaliation for EV tariffs

China urges EU to reverse EV tariffs, Chery undeterred

Elon Musk wins Tesla shareholder battle to keep his record-breaking pay

How Much Does the Average New Yorker Have in Retirement Savings?

World faces ‘staggering’ excess of oil by end of decade, warns IEA

Why the EU might be about to make Chinese electric cars more expensive

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

EU fines Hungary €200 million for flouting asylum laws

Largest US oil trade group sues to block Biden's EV push

French cognac makers 'deeply concerned' after EU slaps tariffs on Chinese EVs

EU to hit Chinese electric cars with tariffs of up to 38%

Strikes force mill shutdown at Australia's largest sugar maker

Gen X and Boomers: 3 Mistakes That Are Forcing You To Retire After Age 65