Rishi Sunak was all smiles this morning as he announced Nissan is delivering up to £2 billion of new investment to produce two new electric vehicle models in the Sunderland factory.
Report by Czubalam.
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Rishi Sunak has been urged to stay on as Conservative leader until November amid divisions within the party over how long the contest to replace him should take. Sky News
Rishi Sunak has spoken in the Commons for the first time as leader of the opposition and welcomed back the Commons Speaker. He congratulated Sir Keir Starmer on his election victory and wished him well with the "formidable task" ahead.
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European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of China’s
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Trump Promises to Stop , All Electric Car Sales.
In an effort to be reelected
as President of the Unites States.
Trump is promising oil and gas execs that
he'll keep electric vehicles (EVs) from being sold in the U.S. if they make significant donations to his campaign, Gizmodo reports. .
Trump said that he'd lower tailpipe emissions targets and cut EV tax credits, among other things. .
"You won't be able to sell those cars," Trump said.
However, the EV market continues to grow, with
at least 1.5 million units expected to sell in 2024.
If Trump squashes EV sales in the U.S., it could anger some Republicans since the market has provided more jobs and investments in the South.
For example, Hyundai is investing
$13 billion in Georgia, a state Trump lost
in 2020, to produce electric vehicles.
Meanwhile, analysts predict EV sales will continue to rise despite Trump's efforts.
Although, his tactics could prove
to slow those sales dramatically. .
Ford Motor executive chair
William Clay Ford Jr. weighed
in on Trump's promises.
Our time frame as a company,
our planning time frame, is a lot
longer than election cycles, William Clay Ford Jr., via statement.
When we’re whipsawed back
and forth by politicians that
becomes really difficult for us, William Clay Ford Jr., via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Andrew Bowie praised Conservatives' record on defence, calling UK's military one of ''the most advanced and well-equiped'' in the world. The shadow veterans' minister also urged Labour to commit to spending 2.5% of GDP on defence. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer chairs a Cabinet meeting in Downing Street. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
When asked about the upcoming election in the United States, James Murray emphasised the importance of working on relationship between the UK and US which is ''more important than any individual person''. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A man has appeared in court charged with two counts of murder after the discovery of human remains in suitcases in Bristol, and, at a flat in west London. 34-year-old Yostin Andres Mosquera appeared at Wimbledon Magistrates Court earlier today. Police have named the two victims as 62-year-old Albert Alfonso and 71 year old Paul Longworth who lived together at a flat in Shepherds Bush. The suspect had been staying with them. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Southgate and his players touched down in the rain at Stansted Airport, having seen their their hopes of joining the 1966 World Cup winners in Three Lions immortality ended in the same way as the nation’s first appearance in a men’s continental final against Italy three years ago. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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