Business Times

The United States and China have taken a significant step towards enhancing global financial stability by signing a new agreement focused on cooperation during periods of financial stress. This landmark agreement, announced by the People's Bank of China (PBOC) on Monday, comes at a time when both countries are navigating complex economic challenges and heightened geopolitical tensions.

U.S. and China Forge Financial Stability Pact Amid Growing Economic Tensions

Taiwan Semiconductor Manufacturing Co. (TSMC) has officially commenced construction of its first European plant in Dresden, Germany. The €10 billion ($11 billion) project marks a pivotal moment for the continent, which is striving to reduce its dependency on Asian semiconductor imports amid growing geopolitical tensions between the U.S. and China.

Germany Risks China’s Wrath as TSMC Breaks Ground on €10 Billion Chip Plant Amid Global Tech War

China has sharply criticized the European Union's recent decision to impose updated tariffs on electric vehicle (EV) imports from China, calling the measures unfair and pledging to take necessary actions to defend its burgeoning EV industry.

China Slams EU's Updated Tariffs on EV Imports, Vows to Defend Domestic Automakers

NBC News

The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing a number of planned import duties on other electric vehicle firms. In June, the E.U. said it would slap higher tariffs on Chinese electric vehicle...

European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms

The European Commission announced plans Tuesday to impose an extra nine-percent tariff on Tesla's China-made electric cars, much lower than what Chinese firms face unless Beijing compromises in a trade row. Musk's Tesla -- which manufactures Model 3 and Model Y cars in China -- had asked Brussels for its own duty rate, set at nine percent after the commission deemed that it received lower Chinese subsidies than domestic manufacturers.

Tesla faces lower-rate EU tariffs on China-made EVs

During a recent trip to Colombia, Meghan Markle has once again found herself at the center of controversy. The Duchess of Sussex, who famously mocked the British royal tradition of curtsying during her Netflix docuseries, is now being criticized for reportedly teaching Colombian children to perform the very gesture she once derided. The incident has sparked widespread criticism, with many accusing Meghan of hypocrisy and questioning the sincerity of her actions.

Meghan Markle Under Fire for Embracing Royal Traditions She Once Mocked

Former President Donald Trump sparks controversy after mispronouncing "regulatory" and attacking Kamala Harris, leading to accusations of dementia and drug use.

'Imbecile' Donald Trump Accused Of Being On 'Cocktail Of Drugs' And 'Suffering From Dementia' After Calling Kamala Harris A 'Moron'

Belvidere, IL

Stellantis, the global automotive giant, finds itself embroiled in a heated dispute with the United Auto Workers (UAW) union, which has threatened to launch a national strike over the company's decision to delay the reopening of its Belvidere Assembly Plant in Illinois. The tension between the automaker and the union intensified following UAW President Shawn Fain's fiery speech at the Democratic National Convention, where he accused Stellantis of reneging on its commitments to American workers.

Stellantis Faces Union Backlash Over Delayed Belvidere Plant Reopening Amid UAW Strike Threat

Walmart has divested its entire stake in Chinese e-commerce giant JD.com, a move signaling the retail behemoth's intensified focus on its own operations in China. The sale, which was revealed in a securities filing on August 20, allows Walmart to refocus its capital and strategic efforts on expanding its presence in the Chinese market, particularly through its Sam's Club warehouse chain.

Walmart Divests $3.74 Billion Stake in JD.com to Sharpen Focus on China Operations

Ford Motor announced on Wednesday that it will delay the production of its next-generation all-electric pickup truck at a new plant in Tennessee and scrap plans for a three-row electric SUV. Instead, Ford will focus on expanding its lineup of hybrid vehicles and enhancing its electric commercial offerings, including the launch of a new electric van anticipated in 2026.

Ford Adjusts EV Strategy Amid Slower Adoption, Delays Next-Gen Pickup and Scraps Electric SUV

Markets Insider

Baowu, the largest steelmaker, has warned that a "harsh winter" was coming for the industry that could be worse than the 2008 crisis.

The world's biggest steelmaker warns of a looming industry crisis that will outpace 2008's downturn

The chocolates have become so popular that securing a reservation has become increasingly difficult, with some consumers resorting to purchasing other LV products like wallets and jewelry to gain priority access.

LV's Chocolate Boutique in Shanghai Becomes a Sensation Amid Broader Luxury Trends in China

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. A Treasury readout described the two sides as "exchanging letters in support of coordination." The agreement was part of a meeting of the U.S.-China Financial...

U.S., China sign agreement to cooperate on financial stability

China has issued a stern warning to Germany, a NATO member, cautioning against the potential passage of German warships through the sensitive Taiwan Strait. The warning, delivered on Monday, underscores the escalating tensions in the region as Beijing asserts its control over Taiwan, a self-governed island that China considers a breakaway province.

Beijing Issues Stern Warning to NATO Member Over Potential Taiwan Strait Transit

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The proposed acquisition of Seven & i Holdings Co., the Japanese conglomerate that owns 7-Eleven, by Alimentation Couche-Tard, the Canadian operator of Circle K, is poised to face significant antitrust scrutiny, especially in the United States. Retail analysts are already sounding alarms over potential regulatory challenges that could arise from the deal, which would combine two of the largest convenience store chains in the country.

Proposed 7-Eleven Buyout by Circle K Parent Faces Antitrust Hurdles

A recent controversy has erupted following claims in a new book that the late Queen found the former U.S. President "very rude" during their meetings. However, former royal staffers and insiders are pushing back against these assertions, defending the Queen's memory and the nature of her interactions with Trump.

Did Queen Elizabeth Call Donald Trump 'Rude?'

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Walmart said to CNBC the decision to sell its stake will allow the company to "focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities." Walmart entered into a strategic alliance with the Chinese company in June 2016. In its 2023 annual...

JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale

As tensions in the South China Sea intensify, the long-standing territorial disputes between China and the Philippines are rapidly escalating into a broader geopolitical conflict that could potentially draw the United States into a military confrontation.

Could the U.S. Be Drawn into South China Sea Conflict as China Warns of Regional Destabilization?

NewsBreak

EU Lowers Tariffs on Chinese-Made Tesla EVs Amid Ongoing Trade Tensions

The European Union (EU) announced a reduction in planned tariffs on electric...

EU Lowers Tariffs on Chinese-Made Tesla EVs Amid Ongoing Trade Tensions

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