Tesla enters Saudi market facing EV infrastructure challenges
On a 900-kilometre stretch of highway between Riyadh and Mecca, there is not a single charging station
China reaffirms TikTok deal must comply with Chinese law
Under a 2020 law, any export of technology deemed critical to national security must receive government approval
EU set to approve first countermeasures against U.S. tariffs
The EU’s retaliatory tariffs are scheduled to be implemented in stages — on April 15, May 16, and December 1
China blocks tariff-related content on social media platforms
Weibo blocks searches and hashtags related to "tariff" and "104," showing error messages
Germany ends Google automotive probe after competition agreement
The company’s solution includes allowing competitors’ maps and apps to be used within its platform
Car sales in China grow 14.4% YOY in March
Passenger vehicle sales reach 1.97 million units in March, with total sales for the first quarter rising 6.1% to 5.18 million units
Kia reduces 2030 EV sales target to 1.26 million from 1.6 million
The company also sets a new goal to sell 993,000 hybrid vehicles by 2030
Trump claims U.S. collecting $2 billion a day in tariffs
However, recent data from the U.S. Treasury Department shows "Customs and Certain Excise Taxes" average $200 million per day this month
Oil sinks 4% as US kicks off 104% tariffs on China
Brent futures dropped 3.79%, West Texas Intermediate crude futures fell 4.13%, with both contracts reaching their lowest levels since February 2021
Trump’s new tariffs lead to $208 billion loss for world’s richest
Zuckerberg, Bezos, and Musk among the biggest losers; financial markets suffer sharp declines as new tariffs affect global wealth
Thailand pledges to boost U.S. imports as it seeks relief from 36% tariff hit
Bangkok eyes trade rebalancing, market relief, and U.S. negotiations after Trump’s steep tariff shocks economy
Elon Musk’s X reaches settlement with Twitch over ad boycott claims
X signs "memorandum of understanding" to drop case against Twitch if conditions are met by year-end
Oil prices recover slightly after steep Monday drop
Brent futures rise by 0.5% to $64.54 per barrel, while U.S. West Texas Intermediate crude increases by 0.7% to $61.11
U.S. dollar drops against yen, Swiss franc on tariff concerns
The dollar loses 0.6% against the Japanese yen, reaching 146.95 yen, its lowest point in six months. It also falls 0.7% against the Swiss franc
U.S. senators scrutinize Microsoft, Google’s AI cloud partnerships
Senators express concerns that such corporate partnerships may discourage competition and bypass antitrust laws