Nikola and Arrival add to pileup of setbacks for EV startups
Truck manufacturer Nikola Corp. and delivery-van maker Arrival added to a series of misfortunes for electric-vehicle startups struggling to make it to mass production.
China takes the trade fight to Europe, targeting the green transition
China’s decision to restrict critical mineral exports will hit key sectors in the European Union’s effort to decarbonize its economy, and demonstrates the limits of…
China’s chip-metals producers surge on export restrictions
The shares of Chinese metals producers surged after Beijing imposed export controls on gallium and germanium, which are used in chipmaking, communications and defense.
Brazil’s Lula vows to grow Mercosur amid Uruguay flak, Argentina crisis
Brazil’s plans to strengthen and expand the Mercosur trading bloc are running into growing disagreement among its members over several topics, including Venezuela and free…
Hong Kong aviation recovery is coming much sooner than expected
Hong Kong’s aviation sector will recover to pre-pandemic levels by the end of 2024, three years sooner than previously anticipated, the International Air Transport Association…
Tesla’s June shipments in China soar as global sales hit record
Tesla Inc.’s China output increased almost 20% in June, contributing to the company’s record quarterly sales.
What are Gallium and Germanium? Niche metals hit by China curbs
China is clamping down on exports of two obscure yet crucial metals in an escalation of the trade war on technology with the US and…
Drought menacing Thailand threatens global supply of sugar, rice
Thailand is preparing contingency plans to deal with a potential drought that could last years and squeeze global supplies of sugar and rice.
Canada dock strike enters third day as employers table proposals
A strike at Canada’s Pacific coast ports continued for a third day on Monday.
Cathay’s in-town Hong Kong Airport check-in to reopen Wednesday
Cathay Pacific Airways Ltd.’s passenger check-in desks will reopen in Hong Kong’s central business district Wednesday, after a more than three-year shutdown sparked by Covid.
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