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South Africa offers 150% tax break to boost EV manufacturing. Carmakers say tax breaks alone will not secure investment About 67% of South African-made vehicles are exported. Industry says power, logistics and policy certainty remain key hurdles. By Nqobile Dludla JOHANNESBURG, Sept 24 (Reuters) — South Africa risks lo
By Nora Eckert, Kalea Hall and David ShepardsonGeneral Motors NYSE:GM CEO Mary Barra is expected to attend US President Donald Trump's state dinner at the White House on Thursday for Chinese President Xi Jinping, two sources familiar with the matter said, as US automakers warn against allowing Chin…
Trump Weighed Strikes Against Houthis In Yemen Before Holding Off - Iran Sets Conditions For Talks Amid Warning Of US Onslaught - Top Republicans Tell Trump To Ban US Diesel Exports Ahead Of Midterms - Greer Says US, China To Continue Talks On Trade Truce Extension - Fed's Goolsbee Says Road To 2% Inflation May Not Be
Trump Says He Is Open To Meeting Iran s Pres During UNGA Trump Warns He s Entered Deciding Mode On Iran, Big Things In Store Pakistan Interior Minister Visits Iran To Discuss Regional Situation Ukraine Fires Over 1K Drones At Russia; Largest Ever Moscow Attack Trump To Meet Zelensky As Russia-Ukraine Attacks Intensify
The Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting its benchmark a quarter point to 3.75%-4%. The vote was unanimous, 12-0, and 16 of the 18 policymakers who submitted forecasts penciled in at least one more increase this year. Inflation is running at 3.4%, unchanged from July bu
Seven months into the Iran war, crude has once again touched above $105 a barrel, just weeks after trading as low as $68. Refined-product markets have tightened systemically, forcing commodity desks to abandon the models they relied on when hostilities began. The strain is now as physical as it is financial. Saudi Arab
Hyundai Motor CEO Jose Munoz said the US could see a wave of Chinese auto imports similar to Europe unless Washington maintains tariffs and other market-access safeguards.
Ripple co-founder Chris Larsen said California should allow low-cost Chinese EVs, citing high gas prices, to improve accessibility for low-income residents. He referenced the BYD Seagull and California’s gas tax.
Fed Governor Waller said he will support holding rates steady in September. Live coverage also flags Iran warning of “asymmetric” retaliation to future US attacks and Oman rejecting an Iran proposal on Strait of Hormuz fees.
Most American investors have a fairly limited map of Asia. They know Japan because Japanese stocks have finally awakened after several lost decades. They know China because it generates a steady supply of enormous opportunities, political headaches, and alarming headlines. Beyond those two markets, things get fuzzy. Th
Gov. Gavin Newsom (D-CA) slammed President Donald Trump amid rising gas prices at pumps as the latter addressed a crowd at General Motors Co. ‘s (NYSE: GM ) facility in Milford, Michigan, on Monday. Trump Does Not Care About Rising Costs Newsom quoted a post by user @factpostnews on the social media platform X on Monda
Mobileye Global Inc. (NASDAQ: MBLY ) stock fell Thursday after the autonomous driving technology company reported second-quarter results, announced a planned CEO transition and issued an outlook that pointed to lower third-quarter revenue. Earnings Beat Expectations Revenue was $508 million, roughly flat from a year ea
With delivery figures for major automakers in the U.S. and overseas now in, we can take a look at all the winners and losers during the second quarter of 2026. Tesla Reports Massive Gains Kicking off our list, Elon Musk -led Tesla Inc. (NASDAQ: TSLA ) reported a positive delivery number for the quarter and far exceeded
Italy's economic output may be reduced by €126B due to extreme air temperatures.
Italy's economic output may be reduced by up to €126B due to extreme air temperatures, economists warn.
European papers discuss economic output, pension reforms, and industrial base crisis.
Investor Ross Gerber backs Slate Auto's $25,000 electric pickup truck, predicting it will be popular with customers
General Motors and Toyota warn that new and used car sales in California could halt starting July 1st if the state does not postpone parts of a law that protects domestic violence survivors
US automaker group warns car companies may be forced to stop selling cars in California on July 1st without the passage of the domestic violence vehicle technology extension bill