EU Implements Tariffs on Chinese EVs Amid Escalating Trade War
The EU takes a firm stance by imposing import tariffs on Chinese auto companies, including BYD and Geely, to counter alleged anticompetitive activity, setting the stage for intensified trade tensions.
Challenges in EV Adoption: Rising Copper Theft Affects Charging Infrastructure
The surge in copper prices due to record highs has led to increased theft of EV charging cables, disrupting charging station operations and posing hurdles for EV adoption.
Current State of the US Oil and Gas Industry under President Biden
The US oil and gas industry has seen record profits during President Biden's administration, despite previous warnings of industry decline.
Oil Market Steadies Post-Weekly Decline Amid Supply Restorations
After experiencing a 2.5% decline last week, Brent crude hovers around $80 per barrel. Algorithmic trading intensifies the decrease as OPEC+ announces plans to ramp up supply from the third quarter.
US Solar Tariffs Revived on Southeast Asian Imports
Tariffs on cheap solar imports from Asia have been reinstated, aiming to provide stability and support to US solar producers.
Colombia Halts Coal Exports to Israel Amid Gaza Conflict
Colombia's President, Gustavo Petro, announces the suspension of coal exports to Israel in response to the ongoing conflict in Gaza.
Challenges Faced by Renters Transitioning to Electric Vehicles
Rental car companies are encountering hurdles as they introduce customers to electric vehicles, highlighting the need for enhanced education and support.
Biden Administration Implements Stricter Fuel Economy Standards for 2031
The Biden administration has introduced enhanced fuel economy standards that will propel new vehicle efficiency beyond 50 miles per gallon.
US Adds Half a Million Millionaires in 2023
The United States recorded an increase of 500,000 millionaires in 2023, surpassing all other countries. The AI boom and market improvements played significant roles in this growth.