"Companies are signing over 20 new deals or Memorandum of Understanding (MoUs) with Egyptian partners, which are worth over 40 billion euros," the European Commission president said.
Credit: euronews (in English) Duration: 01:00Published
China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
On June 20, ministry spokesman He Yadong accused
the EU of demanding an excessive amount
of information from Chinese automakers. .
The types, scope, and amount
of information collected by the
European side are unprecedented,
far exceeding the requirements
of anti-subsidy investigations, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
According to He, this information included details on
everything from manufacturing to product formulas
from Chinese electric car and battery producers.
After Chinese companies
did their best to cooperate
with the investigation and
provided information, .., He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
... the European Commission still
unreasonably accused Chinese
companies of not fully cooperating
and imposed punitive high tax rates, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
He added that Chinese companies involved
with the investigation were left
feeling "shocked and disappointed.".
The spokesman went on to state that any
additional measures or provisional increases
in tariffs lack a "factual and legal basis.".
'The Independent' reports that the EU plans
to impose new provisional tariffs between 17.4%
and 38.1% on Chinese EVs starting on July 4. .
Those tariffs would apply to all
foreign brands of electric vehicles
exported to the EU, including Tesla. .
The EU has stated that it wants to discuss
its investigation with authorities in China
and seek a way to resolve any issues.
Credit: Wibbitz Top Stories Duration: 01:31Published
G7 Agrees to Use $50 Billion , in Frozen Russian Assets , to Fund Ukraine.
'The Independent' reports that G7 leaders reached
a deal to repurpose profits from frozen Russian
assets worth about $50 billion to support Ukraine.
'The Independent' reports that G7 leaders reached
a deal to repurpose profits from frozen Russian
assets worth about $50 billion to support Ukraine.
The decision was made after Ukrainian President
Volodymyr Zelensky said he expected the group to
make some "important decisions" at the summit in Italy.
G7 members agreed to provide funds with profits
earned on Russia's frozen central bank assets, most
of which are held by the European Union, as collateral. .
G7 members agreed to provide funds with profits
earned on Russia's frozen central bank assets, most
of which are held by the European Union, as collateral. .
Leaders expressed that the agreement
was meant to show unity in the face
of Russian aggression in Ukraine.
It’s a very strong message
to Putin that Putin cannot
outlast us, and we will stand
by Ukraine as long as it takes, Ursula von der Leyen, European Commission
president, via 'The Independent'.
It is not European
taxpayers that are
paying for the Russian
damage [in Ukraine]
but it is Russia, Ursula von der Leyen, European Commission
president, via 'The Independent'.
'The Independent' reports that the measure relies upon
dividends and maturities from approximately $300
billion in assets frozen when Russia invaded Ukraine in 2022.
'The Independent' reports that the measure relies upon
dividends and maturities from approximately $300
billion in assets frozen when Russia invaded Ukraine in 2022.
The decision comes as a major boost for
Ukraine as Kyiv fights through a grueling
2024 against a better-equipped Russia.
Finally, we see the first step of
fairness in making sure that the
aggressor, and not the good people
from countries that support us,
are paying for Ukraine’s victory, Kira Rudik, Opposition leader in
Kyiv’s parliament, the Verkhovna Rada,
via 'The Independent'.
We applaud this step.
We hope that it is only
the first of many more
steps. And we will use
this money wisely, Kira Rudik, Opposition leader in
Kyiv’s parliament, the Verkhovna Rada,
via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Lisa Kudrow says she's finally rewatching 'Friends' because of Matthew Perry. The actress has previously admitted that she couldn't bring herself to watch reruns of the beloved NBC sitcom, explaining she didn't want to risk not liking her work on the show. But in a recent interview with The Hollywood Reporter to promote her upcoming Apple TV+ series 'Time Bandits,' Kudrow revealed that she's begun to revisit old 'Friends' episodes, in large part to keep the memory of her late co-star Perry alive. Perry died October 28th, 2023, at age 54.
Credit: The Hollywood Reporter Duration: 01:26Published
Jennifer Lawrence is taking her love of 'The Real Housewives' to a new level with her next big movie. The actress is teaming back up with Apple and A24 for the murder mystery film 'The Wives.' Plot details are being kept under wraps, but the project is described as being partly inspired by 'The Real Housewives' franchise, of which Lawrence is a known fan.
Credit: The Hollywood Reporter Duration: 01:08Published
Apple Changing Its , Pay Later Option , With New "Installment Loans".
'The Independent' reports that Apple has announced
the end of its Apple Pay Later service, just months
after introducing the buy now pay later plan. .
In March of 2023, the Apple Pay Later
service launched for select users,
enabling them to take "pay later" loans. .
In October, the service saw a wide roll out in
the United States, giving users an option to make
four installment payments over a six week period.
Apple said it will introduce a new service that allows
users to apply for "installment loans" directly from
credit cards and other lenders at check out. .
Starting later this year, users
across the globe will be able to
access installment loans offered
through credit and debit cards,
as well as lenders, when
checking out with Apple Pay, Apple statement, via 9to5Mac.
The ability to access
installments from credit
and debit cards with
Apple Pay will roll out
starting in Australia
with ANZ, .., Apple statement, via 9to5Mac.
... in Spain with CaixaBank,
in the UK with HSBC
and Monzo; and in the
US with Citi, Synchrony,
and issuers with Fiserv, Apple statement, via 9to5Mac.
According to Apple, the new service is meant to , "enable us to bring flexible payments to more users,
in more places across the globe, in collaboration
with Apple Pay enabled banks and lenders.”.
With the introduction of this
new global installment loan
offering, we will no longer
offer Apple Pay Later in the U.S, Apple statement, via 9to5Mac.
On the company's support page, Apple says
the decision will not impact existing loans or
purchases made through the Apple Pay Later service
Credit: Wibbitz Top Stories Duration: 01:31Published
The tech giant also faces a third non-compliance probe over its App Store.
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