Biden set to impose tariffs on Chinese electric vehicles, sources say
WASHINGTON AND SAN FRANCISCO — U.S. President Joe Biden is set to announce new tariffs on China as soon as next week, targeting strategic sectors, including electric vehicles, according to two people familiar with the matter. The full announcement, which…
Economy is top issue for US voters
The U.S. economy is one of the biggest issues for voters in the 2024 presidential contest between Joe Biden and Donald Trump. Biden campaigned this week on new tech investments. Trump says he will roll back Biden infrastructure spending and…
Feds have ‘significant safety concerns’ about Ford fuel leak recall and demand answers about the fix
DETROIT — Federal investigators say they have “significant safety concerns” about a Ford SUV recall repair that doesn’t fix gasoline leaks that can cause engine fires. The U.S. National Highway Traffic Safety Administration is demanding volumes of information from the…
Air Vanuatu files for bankruptcy protection
MELBOURNE, Australia — Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travelers. The airline on Wednesday canceled more than 20 flights to and from the…
Chinese cities lift curbs on buying homes as property crisis bites
Beijing — Two of China’s wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Many Chinese cities…
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that…
Africa should forge path for secure data flow across borders, experts say
Nairobi, Kenya — Digital experts called on African countries Tuesday for laws to protect the data of individuals and businesses, saying that a single digital market in which data can safely flow across borders would help overcome barriers to commerce…
Xi, in France, offers few concessions on trade, support for Russia
LONDON — Chinese President Xi Jinping offered few concessions to his counterpart and host Emmanuel Macron as he wrapped up a two-day visit to France on Tuesday evening. Both presidents are seeking to mend ties on Xi’s first trip to…
Sanctions, hobbled economy hit Iran’s traditional carpet weavers hard
KASHAN, Iran — The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell their rugs under its ancient arches, their world has…
Analysts: Tesla-China EV market race still tough, despite self-driving win
Tesla CEO Elon Musk’s visit this week to Beijing, where he met with Premier Li Qiang and received tentative approval for the full rollout of the company’s complete driver assistance software, has been described in China as the same as…