Geely to launch electric EX5 SUV in the UK later this year
The company says the vehicle is still going through development to meet UK standards and will be available for purchase in the fourth quarter
U.S. auto sales rise in second quarter on gasoline vehicle demand
U.S. new vehicle sales in June total about 1.25 million units, with a seasonally adjusted annual rate of 15.34 million
China Communist Party magazine calls for crackdown on harmful price wars across industries
The article warns that price wars waste resources and create heavy debt, which could hurt China’s long-term economic growth
Trump threatens to end federal subsidies for Elon Musk’s companies
Elon Musks ays the policy change would hurt Tesla, which has benefited from EV credits
Tesla expected to report another drop in quarterly deliveries
Tesla reports falling sales in Denmark and Italy, while sales rise in Norway, Spain, and Portugal
Grammarly to acquire email startup Superhuman to expand AI tools
Superhuman CEO says the deal will give the company more resources and help it expand into tools like calendars, tasks, and team collaboration
Musk’s X challenges India over content takedown powers
Indian Solicitor General says all officials involved are legal authorities and that social media platforms cannot expect to operate without regulation
China says it is open to WTO talks on tariffs and subsidies
China firmly rejects any effort by other countries to change or interfere with its economic structure or development model
Xiaomi buyers face up to 60-week wait for new YU7 SUV
Over 400 buyers file complaints saying they aren't told about long waits before paying a 5,000 yuan deposit
Google says EU tech rules hurt innovation and user experience
The company will also ask regulators for more detailed guidance on how to comply with the law
US foreign aid cuts could cause 14 million deaths by 2030, study warns
According to the study, US announces an 83 percent cut in USAID funding, which will cause 700,000 children under five to die each year by 2030
US prices for China-made goods on Amazon rise faster than inflation
The goods rising at the fastest rate include school and office supplies, electronic items, and home goods such as furnishings and cookware
US to resume trade talks after Canada drops digital tax on tech firms
White House calls it a win for U.S. tech firms and credits Trump’s hard-line trade approach
US judge rejects Apple’s request to dismiss antitrust case
Apple says the lawsuit is incorrect on both the facts and the law and plans to keep fighting it in court
China’s factory activity returns to growth in June, private survey shows
The result contrasts with the official government index, which showed contraction for a third straight month