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European Union (EU) is planning to increase its import duty from 10% to 25-30% on all Chinese electric vehicles and batteries to protect domestic producers. The US, too, has proposed to quadruple tariffs on Chinese EVs to 100% to discourage cheap imports. The proposed EU tariffs are expected to be announced in July, raising the possibility of Chinese manufacturers redirecting their excess inventory to markets like India, the people cited above said on condition of anonymity, adding that he ministry of commerce and industry has been tasked with spearheading these efforts, working in collaboration with other relevant departments and agencies.

Ukraine is permitted to retaliate against Russian forces or targets located near Kharkiv using weaponry supplied by the United States."The president recently directed his team to ensure that Ukraine is able to use US-supplied weapons for counterfire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them," one official said, according to CNN.This policy adjustment, however, is strictly confined to the vicinity of Kharkiv, with no plans to expand the permitted area, the official added. Ukrainian authorities have not sought permission for strikes beyond this region.The official confirmed that Kyiv made the request for this policy change in response to the advancing Russian forces in recent weeks.

dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. Official data showed overnight that the U.S. economy grew at an 1.3% annualised rate from January through March, down from the advance estimate of 1.6% after downward revisions to consumer spending.

TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it, according to sources with direct knowledge of the efforts. The work on splitting the source code ordered by TikTok's Chinese parent ByteDance late last year predated a bill to force a sale of TikTok's U.S. operations that began gaining steam in Congress this year. The bill was signed into law in April.

Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

Equity markets remained under pressure for the fifth consecutive day as the selloff mood continued ahead of the exit poll data and mega election verdict. «Global markets remained under pressure due to rising bond yields and denting hopes of rate cut. We expect market volatility to heighten as we approach the general election outcome,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

The success of Bitcoin spot ETFs in the United States has come at the expense of their global competitors, despite surging demand for Bitcoin over the past few months.

Donald Trump guilty of all 34 counts of falsifying business records to cover up hush money payments during the 2016 U.S. election campaign, making Trump the first former American president ever convicted on criminal charges.The jury reached the verdict Thursday after less than 12 hours of deliberation, which began Wednesday after a historic and intensely watched trial in Manhattan.State prosecutors had accused Trump — who is seeking to return to the White House this fall — of conspiring to bury media stories about alleged affairs after entering the presidential race, and of hiding reimbursements to his then-fixer for paying off a porn star to keep her allegations quiet just days before Trump was elected.The verdict marks a watershed moment for the U.S.

Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. After two days of deliberation, the 12-member jury pronounced Trump guilty on all 34 felony counts he faced.

Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower

BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American

The U.S. Department of Justice (DOJ) announced on May 29 an international law enforcement operation to disrupt the 911 S5 botnet, a major cybercriminal enterprise, which resulted in the arrest of YunHe Wang, a Chinese national, for his role in deploying malware and operating a proxy service used for various cybercrimes.

On a relatively tame day for major cryptocurrencies that saw Bitcoin (BTC) nudge a little higher to the $68,000s but remain locked within recent range ahead of US Core PCE inflation data set for release on Friday, traders hunting for top crypto gainers today flocked to the volatile on-chain crypto markets.

In A Violent Nature. This Canadian horror movie, which garnered attention at the 2024 Sundance Film Festival, is set to terrorize audiences as it hits theaters this week. Here’s everything you need to know about where and how you can watch In A Violent Nature.

Major cryptocurrencies are locked within weekly ranges on Thursday as markets look ahead to the release of key US Core PCE data on Friday, with investors weighing up the best crypto to buy now for quick gains.

10x Research Head Researcher Markus Thielen, the analyst who predicted the pre-halving Bitcoin all-time high, cited a June CPI reading of ‘3.3% or lower’ on May 30 as critical for a new all-time high.

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Elon Musk, who secretly acquired a major stake in Twitter Inc. in early 2022 before eventually buying it, did so with the help of a Morgan Stanley wealth manager who advised the billionaire on how to avoid alerting the broader market, according to a shareholder lawsuit.

₹6,488 per barrel on the multi-commodity exchange (MCX).Both crude oil benchmarks were headed for monthly losses, with Brent futures on track for a decline of more than six per cent from last month, while WTI was poised for a slide exceeding 4.5 per cent, according to news agency Reuters.Also Read: Oil prices hit 4-week high ahead of OPEC+ policy verdict, US demand hopes; Brent highest since May 1 at $85/bbl-US crude stocks fell more than expected last week as refiners in the country ramped up to their highest utilization rates in over nine months, according to Energy Information Administration (EIA). There was a surprise jump in gasoline and distillate fuel inventories as demand weakened even as output rose.-Crude stocks declined by 4.16 million barrels in the week ended May 24, EIA data showed.

CBS, this happened in Michigan, the United States, where a man appearing virtually in a Washtenaw County court hearing was caught actively driving under a suspended license.ALSPO READ: Viral video: Man performs dangerous stunt on moving car, Mumbai Police reactsAccording to the report, the incident occurred on 15 May when Judge J. Cedric Simpson was hearing a case of 44-year-old Corey Harris, who was scheduled to attend the hearing for charges stemming from an earlier arrest in Pittsfield Township.The video showed that Harris joined the hearing and was behind the wheel of a car in motion.