Legal battles over Carlsberg's Russian unit to last years, CEO says

Reuters
BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected. Wang gave assurances that future pricing would be appropriate and affected customers would receive support, according to a government spokesman.
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.
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.
Reuters
MG, Nio hint at car price increases this year following EU EV tariff decision
Chinese brands MG and Nio suggested on Thursday they might raise prices of their cars in Europe later this year, following the European Union's decision to confirm tariffs on Chinese-imported EVs. The EU will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. Chinese automaker Nio said in a statement it might adjust prices of its cars in Europe as a result of the EU's decision on tariffs.
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.
Reuters
Exclusive-Europe seeks industry views on China's older generation chips
AMSTERDAM/LONDON (Reuters) -The European Commission has begun canvassing the region's semiconductor industry for its views on China's expanded production of older generation computer chips, two sources familiar with the matter told Reuters. The Commission, the EU executive, has sought feedback ahead of two voluntary surveys for the chip industry and major chip-using industrial firms that will be due in September. A spokesperson on Friday confirmed the Commission had begun a "targeted consultation (with) the industry to assess further the use of legacy chips in supply chains."
AFP News
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
AFP News
China's BYD opens EV plant in Thailand despite slowdown, tariff row
China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.China has led the global shift to electric vehicles, with almost one in three cars on its roads set to be electric by 2030, according to the International Energy Agency's annual Global EV Outlook.
BBC
EU hits Chinese electric cars with new tariffs
The move poses a challenge to Beijing, which hopes EVs will help revive the country's flagging economy.
MediaOutReach
Malaysian companies have significant scope to promote diversity at the workplace - according to a foundit survey
Here are some of the key findings from the survey - 49% of respondents state that their organisations do not have diversity training programs - 32% of employees believe their workplace is highly committed to hiring a diverse team - 28% of respondents are not familiar with the concept of diversity hiring - 36% of respondents state that their organisations support work-life balance, especially for women caregivers and differently-abled individuals. - 47% of employees are aware of employee resource
BuzzFeed
14 Times Disgruntled Employees Got Petty Revenge On Their Terrible Bosses In The Best Way
"She effectively shut down the store bakery for a week. It took not one, but two people to replace my 67-year-old mother. She never went back. The department manager was fired."
Twentytwo13
Data centres will create a thriving ecosystem around them; talent development remains govt’s priority
In this week’s Digital Ministry round up, we look at how data centres can help create jobs, and the importance of talent development to ensure no one is left behind in the digital race. The post Data centres will create a thriving ecosystem around them; talent development remains govt’s priority appeared first on Twentytwo13.
Insider Monkey
The Fastest Growing Automotive Brand in the World
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
South China Morning Post
Chinese tech executives discuss how AI large language models can shape businesses
Chinese tech executives - including those from Alibaba Group Holding and generative artificial intelligence start-up Zhipu AI - discussed how large language models (LLMs) can shape businesses at the annual conference held by Luohan Academy, the open research institute initiated by Alibaba. At the 2024 Luohan Academy Annual Digital Economy Conference, Zhang Fan, chief operating officer of Zhipu AI - one of China's "four artificial intelligence (AI) tigers" - talked about how the tech unicorn help
Simply Wall St.
Avoid Estée Lauder Companies And Explore This One Attractive Dividend Stock Instead
The allure of dividend stocks is evident, especially in the U.S. market where they promise a source of regular income. However, the stability of these dividends is crucial; companies like Estée Lauder Companies that have experienced significant cuts in their dividends may signal underlying financial challenges or a lack of resilience in maintaining shareholder returns. This distinction is vital for investors looking for dependable income streams from their stock investments.
Simply Wall St.
Avoid Cracker Barrel Old Country Store And Explore One Better Dividend Stock Option
In the quest for reliable income from dividend stocks in the United States, where average yields hover around 1.7%, investors often face a mix of opportunities and risks. A key factor in evaluating these stocks is the stability of their dividends. Companies like Cracker Barrel Old Country Store, which have experienced significant dividend cuts, highlight the importance of assessing not just the yield but also the consistency and reliability of dividend payments over time. This article will...
Reuters
Australian court rules PayPal's local unit used unfair contract term for small businesses
The court found the term was unfair because customers who did not bring the overcharging errors to PayPal's notice within 60 days were forced to accept the fees as accurate, the Australian Securities & Investments Commission (ASIC) said. The ASIC had initiated court proceedings against PayPal over this issue last September. "Today's decision serves as a reminder to all businesses that unfair contract terms contained within standard form contracts with small businesses will not be tolerated, and that ASIC will take decisive action where appropriate to protect the rights of consumers and small businesses," ASIC Deputy Chair Sarah Court said.
Reuters
Norway keen to explore hydropower, carbon capture storage projects in Indonesia
Norway is seeking to form a stronger partnership with Indonesia and explore investment opportunities in renewable energy such as hydropower, and carbon capture and storage, the energy minister said. "A lot of opportunities are there, and there are some hurdles, but I hope we can build a stronger partnership in years to come," Energy Minister Terje Aasland told Reuters late on Thursday after meeting his counterpart Arifin Tasrif in Jakarta earlier this week. While Norway aims to achieve net-zero greenhouse gas emissions by 2050, it also continues to explore and develop new oil and gas fields, including in the Arctic's Barents Sea, to maintain output that is expected to peak in 2025.
The Guardian
EU brushes aside risk of China trade war over electric vehicle tariffs
Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation
Reuters
What happens next in the EU investigation into Chinese EVs?
EU regulators will impose provisional duties on Chinese-made electric vehicles (EVs) imported into the European Union from Friday, without backdating, they said, risking retaliation from Beijing. The European Commission, which oversees EU trade policy, announced duties of between 17.4% and 37.6%, almost the same as those disclosed in June. These are on top of the EU's standard 10% tariff for car imports.

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Legal battles over Carlsberg's Russian unit to last years, CEO says

Latest stories

BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances

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

Why are Chinese electric cars in EU crosshairs?

MG, Nio hint at car price increases this year following EU EV tariff decision

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

Exclusive-Europe seeks industry views on China's older generation chips

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

China's BYD opens EV plant in Thailand despite slowdown, tariff row

EU hits Chinese electric cars with new tariffs

Malaysian companies have significant scope to promote diversity at the workplace - according to a foundit survey

14 Times Disgruntled Employees Got Petty Revenge On Their Terrible Bosses In The Best Way

Data centres will create a thriving ecosystem around them; talent development remains govt’s priority

The Fastest Growing Automotive Brand in the World

Chinese tech executives discuss how AI large language models can shape businesses

Avoid Estée Lauder Companies And Explore This One Attractive Dividend Stock Instead

Avoid Cracker Barrel Old Country Store And Explore One Better Dividend Stock Option

Australian court rules PayPal's local unit used unfair contract term for small businesses

Norway keen to explore hydropower, carbon capture storage projects in Indonesia

EU brushes aside risk of China trade war over electric vehicle tariffs

What happens next in the EU investigation into Chinese EVs?