Jaguar Land Rover recalling I-PACE vehicles in US over fire risks
By David Shepardson WASHINGTON (Reuters) -Jaguar Land Rover (JLR) said it was recalling nearly 6,400 I-PACE vehicles in the United
1970-01-01 08:00
US and China ‘intertwined like conjoined twins’, says Musk
Elon Musk said the interests of the US and China are “intertwined like conjoined twins” during his surprise visit to China on Tuesday amid strained diplomatic ties between the countries. The Tesla billionaire reached Beijing in his first visit to the country in over three years, visited China’s top ministries and discussed electric vehicles. Mr Musk also met China’s foreign, commerce, and industry ministers and dined with Zeng Yuqun, the chairman of top battery supplier CATL. The visit garnered a lot of attention in China and revealed adulation for Mr Musk from Chinese social media users, even as the relationship between Washington and Beijing plummeted. “The interests of the United States and China are intertwined like conjoined twins,” Mr Musk was quoted as saying by the foreign ministry of China. He was later also quoted by the country’s commerce ministry as saying that relations between the two countries were not a zero-sum game in which one side must lose if the other were to win. While little is known of the discussions the Twitter chief is having – as he remains unusually quiet on social media – Mr Musk and industry minister Jin Zhuanglong “exchanged views on the development of new energy vehicles and intelligent networked vehicles”, said the ministry. China, responsible for half of all global electric vehicle sales, serves as the location for Tesla’s first factory outside the US. The company reportedly submitted applications to expand its production facilities in Shanghai. Mr Musk’s plans were still awaiting approval as he earlier said it faces some “constraints”. The talks are expected to be aimed at easing this expansion, believe observers. The billionaire’s visit has also generated a lot of interest among China’s netizens. Some called him “a pioneer” and “Brother Ma”, in an oblique reference to Jack Ma, while others said he should become the next US president. “He’s a global idol,” wrote one Chinese social media user. “Elon Musk is just great, if only China could have someone like Elon Musk,” said another. In recent months, foreign companies have been facing increasing pressure in China, with a recent crackdown on international consulting firms. Both the US and China have also imposed restrictions on each other’s chipmakers. American companies are also facing pressure from outside as increasing threats of military escalation with Taiwan forces businesses to diversify their supply chains away from China. Mr Musk, however, touted the Asian country’s development as its ministers assured they were looking at increased cooperation. The Chinese government statement cited Mr Musk as saying Tesla was willing to expand its business in China and “opposes decoupling” – a reference to fears the world may split into multiple markets with incompatible products. On Tuesday, foreign minister Qin Gang told Mr Musk that China will “unswervingly promote high-level opening up” and create a “market-oriented, law-based and internationalised business environment”, said the government statement. “China’s development is an opportunity for the world,” it said. Mr Qin also told Mr Musk that China’s electric vehicle market “has broad prospects for development”. Mr Musk is expected to meet other senior Chinese officials and visit the Shanghai plant later in the week, reported Reuters citing sources. With China's economy also experiencing a slowdown and facing internal and external challenges, like anti-monopoly measures and the US-Chinese political tensions respectively, the ruling Communist Party has been engaging with more prominent CEOs off late. Chinese premier Li Qiang earlier held discussions with Apple’s Tim Cook, Pfizer’s Albert Bourla, Rio Tinto’s Jakob Stausholm and Toshiaki Higashihara of Hitachi, reiterating China's commitment to creating a favourable business environment. Read More Elon Musk meets Chinese foreign minister on first visit for three years What is superintelligence? How AI could wipe out humanity – and why the boss of ChatGPT is doomsday prepping Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations Shanghai breaks 100-year-old heat record amid intense heatwave Keeping 1.5C alive ‘bottom of desired outcomes for global businesses at Cop28’ Typhoon Mawar inches closer to Japan threatening to bring heavy rains and winds
1970-01-01 08:00
Global palladium market to swing to surplus in 2024 - Nornickel
Russia's Nornickel expects the global palladium market to swing to a surplus of 300,000 troy ounces in 2024
1970-01-01 08:00
Debt ceiling bill will pass, No. 3 U.S. House Republican says
WASHINGTON The U.S. House of Representatives will have the votes needed to pass a Republican debt ceiling bill
1970-01-01 08:00
Good Measures Announces Donna K. Lencki as New Chief Executive Officer
BOSTON--(BUSINESS WIRE)--May 31, 2023--
1970-01-01 08:00
8x8 Appoints Samuel Wilson as CEO
CAMPBELL, Calif.--(BUSINESS WIRE)--May 31, 2023--
1970-01-01 08:00
I Was Bullied Off Of YouTube In Middle School. Here’s How I Found My Voice
On TikTok, people know me as Emely With An E or Emely Moreno. For years, I have built a following through my name and everything it represents. But once upon a time, I didn’t share my real identity because I worried people I knew in real life would find my account. However, after that backfired, it taught me a crucial lesson: I could never allow anyone to dim my light.
1970-01-01 08:00
Where is Paul Reubens now? 'Pee-wee Herman' star sues auctioneers over stolen props worth $1 million
Paul Reubens is also seeking an injunction to prevent the sale of any remaining products
1970-01-01 08:00
What is Al Pacino's net worth? Hollywood icon is all set to become a father at 83 with girlfriend
Al Pacino has had an illustrious movie career for more than five decades that helped him amass a vast fortune
1970-01-01 08:00
Tom Sandoval ejects fan from his concert after they hold up #TeamAriana sign in support of his scorned ex Ariana Madix
Sandoval was recently caught speaking to his mistress Raquel Leviss on the phone while heading to Pennsylvania by a fan
1970-01-01 08:00
UAE’s Falcon 40B, World’s Top-Ranked AI Model from Technology Innovation Institute, is Now Royalty-Free
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--May 31, 2023--
1970-01-01 08:00
Josh Duggar was seeking a 'naughty girl, aggressive, with a high sex drive' on multiple Ashley Madison accounts
The revelation emerged in the wake of a major data breach that exposed personal information from Ashley Madison's controversial seduction forum
1970-01-01 08:00
