Neta’s struggle in Thailand highlights pressure on smaller Chinese EV firms as BYD dominates and incentives tighten
Sales slump, missed production targets, and unpaid debts plague Neta amid hyper-competitive EV market; Thai policymakers under pressure as industry adjusts to overcapacity, price wars, and shifting timelines
Vietnam’s Q2 GDP accelerates to 7.96% as exports surge; US trade deal eases tariff concerns
Growth driven by 18% export jump and strong industrial output follows trade breakthrough with US; revised 20% tariff lower than earlier threats, boosting investor confidence and shifting focus to higher-value manufacturing
Trump says tariff letters to 12 countries signed, with the “take it or leave it” offers
Talks with EU, India have not resulted in agreements thus far; Only Britain, Vietnam reached trade deals
OPEC+ may approve larger oil output hike for August at key policy meeting
After three consecutive 411,000 bpd increases, alliance weighs steeper boost as members aim to reclaim market share amid oversupply risks
India to launch $234 million drone incentive scheme amid arms race with Pakistan
New Delhi aims to localize drone manufacturing by 2028, countering Chinese- and Turkish-backed advances in Pakistan
Indonesia offers near-zero tariffs and $500 million wheat deal in bid to ease U.S. trade tensions
Jakarta seeks preferential treatment for key exports, plans Boeing aircraft purchase as part of $34 billion partnership pact
Tesla’s UK sales rise in June as EV market gains traction despite year-to-date dip
Battery EV registrations surge 39% year-on-year; Tesla delivers updated Model Y while BYD and Ford post sharper growth
Australia expects to stay under 10% U.S. tariff rate
Australian government is still trying to arrange a meeting with the U.S. president Donald Trump
China warns U.S. not to disrupt what it called a “hard-won” consensus
China’s commerce ministry urges the U.S. to continue meeting China halfway and to maintain stable economic ties
China drafts new rules after assisted-driving system crash
New rules will focus on ensuring systems can monitor a driver’s alertness and ability to retake control quickly
Trump moves from trade deals to tariff letters starting Friday
Tariff letters with 20% to 30% rates are being sent to 10 countries at a time, as Trump says deals with 170 nations are too complex
Asia-to-US e-commerce shipments fall after tax exemption ends
Data from the International Air Transport Association shows a 10.7 percent drop in demand compared to the same month last year
Nvidia nears $4 trillion and temporarily tops world’s most valuable list
Nvidia’s recent gains come as the company’s chips power much of the AI computing infrastructure being built by major tech firms
Boeing wins $2.8 billion contract for U.S. Space Force satellites
The satellites will support the Nuclear Command, Control, and Communications mission and provide initial operational capability for strategic warfighters
U.S. to phase out $7,500 electric vehicle credit by end of September
Harvard study finds that ending the credits lowers EV adoption by 6 percent by 2030 and saves the government $169 billion over ten years