Hungary disagrees with Europe’s “brutal” punishment of Chinese electric car manufacturers, its economy ministry said on Wednesday, hours after the European Commission said it would impose tariffs on Chinese electric vehicle (EV) imports.
German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state’s governor said on Tuesday.
Tech and competition watchdog groups have called on the U.S. Department of Justice to probe YouTube, saying the video-streaming platform could enable Google and its parent company, Alphabet , to dominate home entertainment.
Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.
Citron Research no longer has a short position in retail traders’ favorite GameStop , the short seller said on X.com on Wednesday, days after taking a bearish position in the company.
Riot Platforms said Bitfarms’ move to adopt a poison pill to thwart its acquisition by the bitcoin miner was “shareholder unfriendly” and highlighted the lack of solid corporate governance standards.
The European Commission said on Wednesday it would set provisional duties of up to 38.1% on imports of Chinese electric vehicles, a move likely to draw possible retaliation from China.
Chinese electric vehicle maker Nio strongly opposes the European Union’s use of increased tariffs as a strategy to obstruct the normal global electric vehicle trade but its commitment to Europe’s EV market is unwavering, it said on Wednesday.
Oracle shares jumped 9% on Wednesday as investors cheered a boom in demand for the company’s relatively low-cost cloud infrastructure services from artificial intelligence applications.
The European Commission announced on Wednesday that it would impose provisional duties on imports of Chinese electric vehicles of up to 38.1%, a move likely to draw stern words and possible retaliation from China.
