The European Union has confirmed its decision to implement tariffs on electric vehicles imported from China, citing unfair subsidization as the reason for this move. The tariffs, ranging from 17.4% to 37.6%, are set to take effect on Friday and will impact automakers from Chinese giants like BYD to European brands producing cars in China,
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Microsoft recently agreed to pay $14.4 million to settle a case in California involving allegations of retaliation against employees who took legally protected time off. The California Civil Rights Department announced the proposed settlement, highlighting the discriminatory impact of Microsoft’s policies on workers who utilize parental leave, family care-taking leave, or disability leave. This raises
The electric vehicle market is experiencing a significant shift with Chinese electric vehicle maker BYD poised to overtake Tesla in battery electric vehicle (BEV) sales this year. According to a recent report by Counterpoint Research, BYD’s BEV market share is expected to surge, highlighting the dynamic nature of the global EV market. In the second
Tesla’s recent announcement of their second-quarter vehicle production and deliveries numbers has left analysts surprised as the electric vehicle maker surpassed expectations. With a total of 443,956 vehicles delivered and 410,831 vehicles produced in Q2 2024, Tesla showcased its efficiency and growth in the market. Despite the positive news, Tesla did face a decline in
Salesforce investors recently voted against the company’s compensation plan for its top executives, with concerns being raised about the equity awards granted to CEO Marc Benioff. Despite the board’s recommendation to approve the compensation plan, shareholder advisory groups like Glass Lewis and Institutional Shareholder Services advised investors to vote against it. The resolution received 339.3
EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the bloc’s antitrust rules regarding its new ad-supported social networking service. The Commission has criticized Meta for offering a “pay or consent” model, where users must either pay to use Meta’s platforms ad-free or consent to their data being used
A recent report by KPMG has shed light on how Generation Z in the Asia-Pacific region is revolutionizing the fashion industry. Unlike past generations who preferred visiting department stores or shopping malls, Gen Z is turning to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, aspiring to replicate their style
In a historic turn of events, Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy ten years ago following a significant hack, is finally on track to repay its creditors. The exchange suffered a massive loss of up to 950,000 bitcoins in the 2011 hack, with only 140,000 coins being recovered. However, with the
In a move to attract more startups to its cloud infrastructure, Amazon has announced that it will be doubling the value of credits offered to eligible companies through its AWS Activate program. Starting July 1, startups that have raised a Series A round of funding in the past year will now be eligible for $200,000
In a recent exclusive interview, George Zhao, CEO of Honor, emphasized the importance of protecting user data in the development of artificial intelligence technologies. Zhao highlighted that without proper data security and user privacy protection, the transformative power of AI is essentially worthless. Honor’s approach to AI involves keeping operations involving personal data limited to