Tesla making cheaper Model Y to boost sales in China: report
According to the report, Tesla is planning to create a low-cost version of its bestseller Model Y to drive a decline in sales in China. The car costs at least 20% less production than the version released last year, and will be manufactured on existing production lines, sources with knowledge of the matter told Reuters. […]
Trump suggests Russia, China, Iran may be meeting to discuss ‘de-escalation’
President Donald Trump spoke from the Oval Office on Thursday, disregarding the upcoming nuclear summit in Beijing between three US chief enemies, Iran, Russia and China The debate, first confirmed by China's foreign ministry on Thursday, days after Iran refused to promote Trump to engage in nuclear negotiations, coincides with a UN Security Council meeting […]
Walmart gets dressing-down from China after pleading with suppliers to absorb tariff costs: report
Chinese officials warned of legal consequences after this week that they gave Walmart a dressing down and reported that retailers had pressured China-based suppliers to cover the costs of the tariffs, according to the report. authorities Summon Walmart executives to meet them Tuesday after a complaint that the discount chain is pushing Chinese suppliers down […]
Iran, China, Russia will meet in Beijing to discuss ‘nuclear issue’ on Friday
Iran, Russia and China will hold high-level talks in Beijing on Friday to discuss Tehran's near-nuclear capabilities. Mao Ning, a spokesman for China's Foreign Ministry, notified reporters about the meeting on Wednesday. The national trio have friendly ties, all parties to the 2015 Joint Comprehensive Action Plan (JCPOA) nuclear deal. A spokesman for Iran's Foreign […]
Trump’s tariffs won’t solve the opioid crisis, but a deal with China might
To make synthetic drugs like fentanyl, all you need is $3,600 and internet connection. It's very easy – not quite like a poppy field guarded by hired guns or complex factories run by genius chemists last year. To make fentanyl, you don't need an advanced degree or farmland. You can ship the ingredients to you […]
Turkey Opened More Businesses in Ukraine Last Year than Any Other Country – Even China
Turkey – Burak Pehlivan, head of the Ukrainian Business Association (TUID), said on Tuesday that Turkey opened a new business venture in Ukraine last year than any other country, including the US and China. “Despite the ongoing war, Türkiye and Ukraine's economic and trade relations remain viable, dynamic and progressive,” Pelivan said. I said Ukrainian […]
China and Canada Are Having Their Own Trade War
China slapped more than $2.6 billion in tariffs on Canadian goods on Saturday, expanding the trade war that began before Donald Trump won a second term at the White House. Canada announced higher tariffs on Chinese steel, aluminum and electric vehicle (EV) products in October, following the wave of duties that began in Canada, the […]
Dalai Lama says his successor will be born outside China in the ‘free world’ | Dalai Lama
The successor to the Dalai Lama will be born outside China, the spiritual leader of Tibetan Buddhism says in a new book that it raises the stakes of the conflict with Beijing over the control of the Himalayas, which it fled over 60 years ago. Tibetans around the world hope that the Dalai Lama system […]
Iran, Russia, and China to Hold Joint Naval Drills in Indian Ocean
Iran, Russia and China will be holding joint naval exercises on Tuesday near Iran's southeastern port port, according to Iran's national media. The drills include “warships and combat and support ships of the Chinese and Russian navals, as well as warships of the Iranian army and revolutionary security forces.” The Islamic Revolutionary Guard (IRGC) is […]
Mark Zuckerberg’s Meta Attempted to Enter China Market by Promising Censorship
According to a whistleblower complaint, Mark Zuckerberg's meta failed to bring to China the possibility of developing censorship systems and sharing user data. Washington Post Report A new whistleblower complaint filed by Sarah Wynn-Williams, former global policy director at Meta, revealed that the social media giant is ready to implement extreme measures to gain access […]