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Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla — by far the nation's biggest EV maker — have told a Trump-transition committee they support ending the subsidy, said the two sources, speaking on condition of anonymity. Tesla CEO Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be «devastating» to its U.S. EV competitors, which include legacy automakers such as General Motors.

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Subscribe to enjoy similar stories. Afew months ago while watching the re-mastered version of Satyajit Ray’s Mahanagar (The Big City) in a movie theatre, I noticed something I’d always taken for granted. It was the sound of the city as captured by Ray.

According to ESA, the Chaffins cracked the code after tirelessly running simulations and relying on their intuition. The decoded message turned out to be a dynamic visual signal made up of five configurations, each representing an amino acid—the building blocks of life. However, while the signal has been successfully decoded, its true meaning remains elusive. Decoding the message was just the beginning. Now, the challenge is to interpret its significance, and that task falls to citizen scientists like the Chaffins, who will seek to uncover any hidden messages within the data. The project's creators have no immediate plans to verify any interpretations, but they are encouraging the public to submit their ideas. Daniela de Paulis, the media artist behind «A Sign in Space,» is also working on a book documenting the journey of the project, including the different interpretations that have emerged.

Trump and Republicans call a «mandate» to govern, an uneasy political question is emerging: Will there be any room for dissent in the U.S. Congress? Trump is laying down a gauntlet even before taking office challenging the Senate, in particular, to dare defy him over the nominations of Matt Gaetz, Robert F. Kennedy Jr. and other controversial choices for his Cabinet and administration positions. The promise of unified government, with the Republican Party's sweep of the White House and GOP majorities in the House and Senate, is making way for a more complicated political reality as congressional leaders confront anew what it means to line up with Trump's agenda.

Subscribe to enjoy similar stories. Bitcoin is now worth more than any U.S.-listed company other than the six biggest. Dogecoin, created as a joke and the first cryptocurrency to have agovernment departmentnamed after it, would make it to the top 200 stocks by value, larger than Johnson Controls International.

Subscribe to enjoy similar stories. SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. China is grappling with an epic property collapse, and local governments are wobbling under trillions of dollars of debt.

Subscribe to enjoy similar stories. MEXICO CITY—From the dense jungle connecting Panama and Colombia to the banks of the Rio Grande, human smugglers are spreading a message to U.S.-bound migrants: Hurry up and sneak in before President-elect Donald Trump takes office. Trump’s second term is creating an incentive for migrants to try to reach U.S.

Subscribe to enjoy similar stories. In a world poised for the long reign of algorithms, there should be a premium on romantic notions. One of these is harboured by many of us without admitting it: That the more we gaze at our planet from the great far yonder, the fonder we’ll grow of it.

Subscribe to enjoy similar stories. Good luck getting a safe-deposit box. Longtime deposit-box renters are getting kicked out of their boxes by banks that are shutting down or scaling back the service.

neutral call on BSE with a target price of Rs 4,500. The current market price of BSE is Rs 4609.5. BSE Ltd, incorporated in 2005, is a Small Cap company with a market cap of Rs 62219.65 crore, operating in Financial Services sector. BSE's key products/revenue segments include Fees & Other Charges for the year ending 31-Mar-2024.

Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said. Lenovo, the world's largest PC maker, has most of its plants in China, a common situation in the electronics industry that creates potential vulnerability as US President-elect Donald Trump threatens to impose 60% tariffs on Chinese imports. Yang told Reuters that while it's too early to predict the new US administration's policies, Lenovo has an advantage over competitors in hedging such risks through its more diversified manufacturing base and sourcing strategy, as well as balanced regional revenue streams.

The company initially raised 5-6% equity in private placements, setting a valuation benchmark that strengthened its IPO appeal.

HDB Financial Services heads for its initial public offering (IPO), shares of the nonbank lender owned by the country’s most-valued bank in the unlisted market have seen a sharp rise — up to ₹1,200 apiece. After the IPO plan was announced, the shares rose to a high of ₹1,400 apiece before settling at ₹1,200. However, brokers in the unlisted market say the euphoria is not justified as they expect the IPO to be priced around ₹750-₹800.

BEIJING — China on Friday reported strong growth in retail sales and a steep decline in real estate investment in October, signaling that the country's recent stimulus push has already bolstered certain sectors of its flagging economy.

October industrial output grew 5.3% from a year earlier, slowing from September's pace of 5.4%, reflecting concern about confidence and demand woes confronting a sluggish economy and keeping alive calls for even more stimulus. Data released on Friday by the National Bureau of Statistics missed expectations for a rise of 5.6% in a Reuters poll of 43 analysts. Retail sales, a gauge of consumption, grew 4.8% in October, up from a 3.2% increase in September. Analysts had forecast retail sales to expand 3.8%.

CLSA said Reliance Industries’ shares offer an “attractive entry point” at the current levels. Retaining its ‘Outperform’ rating with a price target of ₹1,650, implying a 30% upside. The firm said the start of new energy projects is a potential catalyst for the stock. RIL shares were up 1.2% at ₹1,266.9 on Thursday. “Reliance Industries stock has cooled off from its all-time highs as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock. Slowing growth in the retail business has been another negative,” said CLSA’s analysts in a client note.

The former interim chair of Alberta Investment Management Corp. has written a letter to the Alberta cabinet minister who fired him last week to dispute what he calls an “incorrect narrative” and “misinformation” about the performance of the asset manager and Crown corporation.

Global capability centres (GCCs) of foreign companies expanding their base in India are increasingly tapping India’s IT services companies for talent, with such hirings climbing up to 10 percentage points in two years. The new headcount hired from IT services by the GCCs stood at 35-41% in fiscal year ending March 2024 (FY24) as compared with 24-30% in FY22, data sourced from mass recruitment firm Teamlease shows. In FY23, the number stood at 30-35%. Experts believe there is a consistent shift in tech talent hiring across engineering, research & development (ER&D), business process management (BPM), and IT services. And as GCCs rapidly scale, they will need to imbibe some of the better talent practices of IT services companies, which have historically been hirers of the best engineering talent in the country.

Subscribe to enjoy similar stories. The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification. Just four companies—Tata Motors, Mahindra Last Mile Mobility, Toyota Kirloskar Auto Parts (TKAP) and Ola Electric—submitted claims for FY24, two people aware of the matter said.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights with easy-to-read charts to help you delve deeper into the stories reported by Mint in the week gone by. The 29th UN Climate Change Conference-COP29 began earlier this week in Azerbaijan, focusing on global warming and other critical environmental issues.