Thursday, April 11, 2024
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China announces $72 billion tax incentive for electric vehicles

RIYADH: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles and other green cars, as it seeks to boost auto sales. Weakening sales growth in the world’s biggest auto market has raised concern over China’s economic growth and while financial support was widely expected after an earlier government pledge to promote the industry, shares in major automakers jumped after the details were released.

US urges S. Korea to avoid filling China’s chip shortages: report

South Korean President Yoon Suk-yeol is visiting the US on Monday for a summit with President Joe Biden.

Banning Forced Prepayment Meter Installations in Homes of Over-85s

Suppliers will also have to give struggling customers more chances to clear their debts.

TikTok Fined £12.7 Million for Violating Children’s Data Privacy

The data regulator finds TikTok "did not do enough" to check the ages of who was using their platform.

Manchester Arena Attack Survivors to Sue ‘Disaster Troll’ in Court

Survivors launch landmark legal case against conspiracy theorist for defamation and harassment.

Should We Shut Down Artificial Intelligence? Laura Kuenssberg’s Perspective

Should we worry about artificial intelligence, or embrace the possibilities it brings, asks Laura Kuenssberg.

ANZ CEO warns of global crisis potential from banking turmoil

Shayne Elliott says it's 'premature' to say Silicon Valley Bank, Credit Suisse woes will cause repeat of 2008 crisis.

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