Recently delisted Toshiba to cut 4,000 jobs in restructuring drive

Reuters
German car industry urges EU to drop tariffs on China-made cars
BERLIN (Reuters) -Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence negotiations ahead of the tariffs which take effect on Thursday. The association said in a statement on Wednesday the tariffs would hurt European and U.S. carmakers exporting from China and risked retaliation by China with counter-tariffs, which would hit the German industry hard given its high volume of exports to China.
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Associated Press
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
Simply Wall St.
Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%
Amidst a landscape of heightened vigilance against financial fraud, as highlighted by initiatives from major banks like National Australia Bank, investors in the Singapore market may find reassurance in focusing on fundamentally sound investments. In this context, identifying stocks trading below their intrinsic value can offer a prudent strategy, especially when market conditions underscore the need for careful investment choices.
The Guardian
‘We’re in limbo’: Boeing takeover leaves longtime Belfast factory under threat
Workers and politicians fear steep job cuts at Northern Ireland’s Spirit AeroSystems, which has about 3,500 workers
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.
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.
The Telegraph
BMW attacks EU tariffs on Chinese electric car imports
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
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.
The Guardian
Black Star Pastry workers sacked after wearing keffiyehs at Melbourne bakery reach settlement with former employer
Baristas Ella and Lucy launched legal action against the famous bakery in March after they wore traditional Palestinian scarves to work
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.
Yahoo Life Shopping
DeWalt's top-selling driver is 40% off, plus more brand deals for the 4th
Score top-of-the-line tools at rock-bottom prices, just in time for all your summer DIY projects.
CoinDesk
Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.
GOBankingRates
I’m a Financial Planning Expert: You’re Right About Your Retirement Savings If …
Finding the magic number for your retirement savings is no easy feat. According to a recent survey of over 1,000 Americans conducted by GOBankingRates, more than a third (35.48%) of the respondents...
Reuters
Russian firms raise zinc output to meet government demand, sources say
Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and reduce reliance on China as a destination for material, two sources familiar with the matter told Reuters. Russia's output of zinc used to galvanise steel is a fraction of the global total, but it will add to tightness in the global zinc concentrate market as seen in China's imports. Russia's commodity exports to China soared after Western sanctions were imposed on Moscow for its invasion of Ukraine in Feb. 2022.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
BBC
Bird flu hits McDonald's Australia breakfast hours
The fast food giant is serving its full breakfast menu in the country until 10:30am, instead of midday.
Reuters
ASML expansion in Veldhoven can proceed, Dutch court rules
Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands' Council of State ruled on Wednesday, rejecting objections from two neighbours. The country's highest administrative court said complaints that the new facilities would lead to traffic and noise problems were insufficient grounds to stop or alter the project, which was approved by Veldhoven's town council in 2022. The court said that suggestions the company could build its facilities partly below ground would not work in practice because of the delicate nature of the large machines ASML will assemble at the site.
Reuters
Brent crude trades above $87, sets highest levels since April
(Reuters) -Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 18 cents at $84.06 in trade thinned by the U.S. Independence Day holiday.
PA Media: Money
Charity warns England fans against cheap electronics from online marketplaces
Electrical Safety First is urging fans bombarded with ads for discounted goods ‘don’t bring it home’ in a new campaign.

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Recently delisted Toshiba to cut 4,000 jobs in restructuring drive

Latest stories

German car industry urges EU to drop tariffs on China-made cars

Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%

‘We’re in limbo’: Boeing takeover leaves longtime Belfast factory under threat

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

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

BMW attacks EU tariffs on Chinese electric car imports

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

Black Star Pastry workers sacked after wearing keffiyehs at Melbourne bakery reach settlement with former employer

EU hits Chinese electric cars with new tariffs

DeWalt's top-selling driver is 40% off, plus more brand deals for the 4th

Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant

I’m a Financial Planning Expert: You’re Right About Your Retirement Savings If …

Russian firms raise zinc output to meet government demand, sources say

China EV makers brace for tariffs as Beijing, EU engage in talks

Bird flu hits McDonald's Australia breakfast hours

ASML expansion in Veldhoven can proceed, Dutch court rules

Brent crude trades above $87, sets highest levels since April

Charity warns England fans against cheap electronics from online marketplaces