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☆ Motorsport is trying to reach Net Zero. Could fuels like this, made from air and water, help accelerate the journey?
▼ + stars: | 2024-10-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.

Persons: BloombergNEF, Haru, ”, Paddy Lowe, “, Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi

☆ Amazon quietly rolled out a new AI chatbot that is 'safer than ChatGPT' for employees to use
▼ + stars: | 2024-10-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon recently launched Cedric, an internal AI chatbot, to boost employee productivity. Cedric is a "general purpose AI chatbot" that is "safer than ChatGPT," according to an internal document obtained by BI. Cedric's goal is to help Amazon employees increase their productivity and job satisfaction as external AI tools are not available for security reasons, the document added. Earlier this year, Amazon formalized internal guidelines that ban external AI tools, including ChatGPT, for business purposes. Approved for 'highly confidential data'Cedric is one of the many AI tools Amazon recently launched or is building internally.

Persons: Cedric, —, It's, Amazonians, it's, JP Morgan Chase, Claude, Cedric doesn't Organizations: Amazon, Service, BI, ChatGPT Enterprise, Enterprise, Microsoft, ChatGPT, Apple, Samsung, chatbot, Cedric, Software, Amazon Web Services Locations: OpenAI

☆ If you invest in communism in the long run, you'll lose every time: Hayman Capital's Kyle Bass
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you invest in communism in the long run, you'll lose every time: Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the China's historic stock rally, impact of China's economic stimulus, why he believes it's a mistake to invest in China in the long run, and more.

Persons: you'll, Hayman Capital's Kyle Bass Kyle Bass, it's Organizations: Hayman Capital Management Locations: China

☆ In a single Delhi house, several hundred years of Indian history
▼ + stars: | 2024-09-30 | by ( Aishwarya S Iyer | ) edition.cnn.com time to read: +9 min

And then there was Chandni Chowk, built as a part of Emperor Shah Jahan’s new capital Shahjahanabad - or Old Delhi as it later became. His ancestor, he says, was appointed the first municipal commissioner of Old Delhi. Knotting history and faithIt isn’t only multiple eras of history that intertwine here in this sliver of Old Delhi. Originally built in the 1600s, the temple was renovated with red sandstone in 1878, giving it the nickname the Red Temple. Rickshaw pullers rest along a street in Chandni Chowk, Old Delhi, India on August 6, 2023.

Persons: Chandni Chowk, Emperor Shah Jahan, Ajay Parshed, Parshed, Chandni, ”, Chunna Mal, Aishwarya S, Iyer, he’s, “, ” Parshed, Khan, Jama, Emperor Shah Jahan’s, Chunna, “ Chunna Mal, Jain, Gauri Shankar, who’ve, Rameen Khan, ” Khan, Sheetal Saxena, Shiva, Pradeep Dambarage, Nader Shah, Dilip Saxena, Saxena, “ Will Organizations: CNN, Mahal, Central Baptist Church Locations: Delhi, Chandni, Agra, British, Old Delhi, ”, Chandni Chowk, India, Golden, “

☆ In razor-thin Georgia, Harris campaign eyeing Asian American voters
▼ + stars: | 2024-09-30 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +9 min

A poll released last week from AAPI Data, a data analytics firm that focuses on Asian Americans, found that 66% of Asian American voters plan to support Harris and 28% intend to back Trump. The same survey found that 62% of Asian American voters say they have a favorable opinion of Harris, compared with 35% who hold an unfavorable view. Republican officials declined to elaborate on efforts to win over Asian American voters. The Harris campaign has three full-time staffers at the national headquarters dedicated to engaging Asian American voters, a spokeswoman said, with additional staff being deployed to Georgia and other battleground states. As she presided over a virtual phone bank from her kitchen one night last week, she said she believed Asian American voters could make the difference in her Southern battleground state.

Persons: Cumming, Kannan Udayarajan, Republican Sen, David Perdue, Donald Trump, mispronounced Kamala Harris ’, “, Kamala, ”, Udayarajan, Harris, Joe Biden, Forsyth, ” Udayarajan, James Woo, Georgia – Biden, Woo, ” Woo, “ It’s, Trump, Trump’s, ” Steven Cheung, Georgia’s, Ashwin Ramaswami, Sen, Shawn Still, Ramaswami, Sonjui Kumar, ” Kumar Organizations: Georgia CNN, Republican, Forsyth County Democratic Party, Trump, “, Georgia, Democratic, CNN, American, Advancing Justice, South, ”, Asian, AAPI, Pew Research Center, Pacific Islander, Republicans, Democratic Party, Forsyth County Democratic Locations: Georgia, Forsyth County, India, Atlanta, Georgia , North Carolina, Pakistan, Bangladesh, Asian America, American, Norcross, Gwinnett County, Georgia’s Forsyth, “, “ Forsyth

☆ BTS star Suga fined for riding a scooter while intoxicated
▼ + stars: | 2024-09-30 | by ( Jack Guy | Gawon Bae | ) edition.cnn.com time to read: +2 min

CNN —K-pop megastar Suga has been fined after being caught riding an electric scooter while under the influence of alcohol. In August, Suga was found to have ridden about 500 meters (around 1,600 feet) on an electric scooter after drinking alcohol. While he did not injure anyone or cause any damage, it is illegal to ride a scooter after drinking alcohol in South Korea. “Last night, I drank while having dinner, and returned home riding an electric scooter. A driver’s licence is required for riding an electric scooter in South Korea.

Persons: CNN —, Suga, “, I’m, ” Organizations: CNN, South Korean Locations: Seoul, South Korea, Korea

☆ Armies will be able to maneuver on battlefields again, but it's going to be difficult and bloody
▼ + stars: | 2024-09-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

The Ukraine war raises a difficult question: Can armies maneuver to win anymore? Advertisement"Firepower kills," warned the French General Philippe Pétain just prior to the First World War. By temporarily suppressing the defensive drone-artillery combo that has proven so devastating in the Russo-Ukraine War, armies can again maneuver to defeat their enemies. ISW sees three problems with trying to maneuver in Ukraine, lessons that broadly apply to modern battlefields. AdvertisementArtillery and machine guns were so deadly in World War I that armies fought from trenches.

Persons: it's, —, Philippe Pétain, Pétain, ISW, That's, Michael Peck Organizations: Artillery, Service, Getty, Ukraine, Air Force, BAI, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russo, Washington, Russia, Russian, Kursk, Ukrainian, Russians, Forbes

☆ Utilities are the hottest part of the stock market right now, on track for their best year since 2000
▼ + stars: | 2024-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003. If that holds through yearend, utilities will see their biggest annual advance since 2000, when they surged more than 50%. "Utilities are the hottest sector in the market currently," Wolfe Research Rob Ginsberg said in a note to clients in August.

Persons: George W, Bush, Wolfe, Rob Ginsberg, hasn't, It's, buildout, Ginsberg, Subramanian, Wells Fargo, Christopher Harvey, Harvey, LSEG Organizations: Utilities, Federal Reserve, Bank of, Nasdaq, Bank of America, Constellation Energy, CenterPoint Energy Locations: yearend, The Texas, Houston

☆ Helene: Dozens dead as hurricane unleashes life-threatening flooding and knocks out power to millions across Southeast
▼ + stars: | 2024-09-28 | by ( Dalia Faheid | ) edition.cnn.com time to read: +6 min

Here’s the latest:• Deaths across 5 states: Storm-related deaths have been reported in South Carolina, Georgia, Florida, North Carolina and Virginia. North Carolina has activated 358 guardsmen, while Georgia has more than 300 and Alabama has 43, said Sabrina Singh, Pentagon deputy press secretary. • Severe flooding in North Carolina: Helene “is one of the worst storms in modern history for parts of North Carolina,” Gov. Delivery services were also impacted, with UPS announcing it has suspended service to Florida, North Carolina and Georgia because of the storm. In North Carolina, 290 roads were closed throughout the state, and Gov.

Persons: CNN — Helene, Brian Kemp, Glenn Youngkin, •, Sabrina Singh, Biden, Helene, Kamala Harris, Helene “, Roy Cooper, • Helene, Helene –, Keith Turi, “, ” Turi, ” Organizations: CNN, Gov, Tampa ., National Guardsmen, Defense Department, Pentagon, ”, National Weather Service, Amtrak, UPS, FedEx, Health, National Hurricane Center, Federal Emergency Management Agency Locations: Florida’s Big Bend, South Carolina , Georgia, Florida, North Carolina, Virginia, South Carolina, Saluda County, Anderson County, Georgia, Alamo, Pinellas County, Tampa, Claremont, Charlotte, Craig County , Virginia, Carolina, Alabama, Asheville, Southern, Western North Carolina, Tennessee, Ohio, North Carolina , Florida, Florida , North Carolina, Unicoi, Erwin , Tennessee, Bend

☆ John Leguizamo delves into the 'untold' history of Latinos in new PBS series
▼ + stars: | 2024-09-26 | by ( Arturo Conde | Arturo Conde Is An Editor | A Bilingual Freelance Journalist. He Writes For La Opinión A Coruña | ) www.nbcnews.com time to read: +6 min

And this is our way of undoing that,” Leguizamo said in a video interview with series co-creator Ben DeJesus. NGL StudiosPart of the challenge of telling Latino history, Leguizamo said, is that you have to find it. “It was years and years of studying Latin history,” the actor reflected. Ultimately, both co-creators noted, something even deadlier than guns and steel would lead to the demise of these Latin American kingdoms and empires. “It empowers you, it gives you a sense that you matter, that you’re important, and the kids especially feel that.”For DeJesus, knowing Latino history also gives you a sense of belonging.

Persons: John Leguizamo, ”, ” Leguizamo, “ We’ve, Ben DeJesus, Dolores Huerta, DeJesus, ” “, John, “, ” John Leguizamo, José Moya, Leguizamo, …, Eduardo Galeano, ” DeJesus, George Washington, Dinero, Washington, De, Charles Lee Lewis Organizations: Civil Rights Movement, PBS, Johns Hopkins University, United Farm Workers, NGL, Aztecs, amigos, Continental Army Locations: American, Americas, Philadelphia, Uruguayan, Europe, Asia, Columbus, East, plata, Washington, De Grasse, American Independence, Kingdom of France, Havana

☆ Artificial intelligence is detecting new archaeological sites in the desert
▼ + stars: | 2024-09-25 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

Researchers at Khalifa University in Abu Dhabi have developed a high-tech solution to searching huge, arid areas for potential archaeological sites. Traditionally, archaeologists use ground surveys to detect potential sites of interest, but that can be time-consuming and difficult in harsh terrains like the desert. “Once it was trained, it gave us an indication of other potential areas (nearby) that are still not excavated,” says Francis. Khalifa University isn’t alone in using artificial intelligence to detect potential sites. If archaeologists find the structures the algorithm has predicted, Dubai Culture plans to use the technology to unearth more sites.

Persons: ”, Diana Francis, Francis, Ben Romdhane, Saruq Al, Hadid, Expediting, Amy Hatton, Max Planck, Hatton, isn’t, Amina Jambajanstsan, Hugh Thomas, — Thomas, Thomas, Unearthing, Al Hadid Organizations: CNN, Khalifa University, Dubai Culture, Max, Max Planck Institute, Geoanthropology, Khalifa, University of Sydney Locations: Abu Dhabi, Dubai, Saudi Arabia, Mongolia —, Alaska, Southern Mongolia, Egypt, Africa

☆ There's a reason Diddy's famous friends have stayed silent amid his arrest. PR experts say it's the best strategy.
▼ + stars: | 2024-09-25 | by ( Callie Ahlgrim | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

But Diddy's empire began to crumble when Ventura sued Combs last year, accusing him of rape and abuse. Last week, Combs was arrested and indicted on racketeering and sex trafficking charges by federal prosecutors in Manhattan. AdvertisementSean "Diddy" Combs depicted in a courtroom sketch from September 17, 2024. Jane Rosenberg/ReutersAs discussions and theories have swirled around Combs' felony counts, his famous friends, colleagues, and labelmates have also become sources of speculation. However, according to Evan Nierman, CEO of the crisis PR firm Red Banyan , that silence is almost certainly strategic.

Persons: —, Sean, Diddy, Combs, Jennifer Lopez, Cassie Ventura, Jay, Naomi Campbell, Justin Bieber, Mary J, Blige, John Legend, Mark Wahlberg, Prince Harry, Ventura, Jane Rosenberg, There's, Damian Williams, Ricky Vigil, Justin E Palmer, Evan Nierman, Nierman, Sean Combs, they'd, disavow Combs, Chris Brown, Jeff Kravitz, Eric Schiffer, he'd, Schiffer, " Schiffer, Usher, WireImage Usher, Streisand Organizations: Service, Metropolitan Detention Center, Hollywood, Business, Prosecutors, Diddy, Management, Ventura Locations: New York's, Manhattan, Combs, publicists

☆ I drove Chevy's $57,000 Blazer EV. It's stylish and practical but still too flawed to win me over.
▼ + stars: | 2024-09-25 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Chevrolet Blazer EV is a battery-electric midsize SUV built on GM's Ultium EV platform. I was impressed by the Blazer EV's stylish looks, roomy cabin, smooth ride, and massive touchscreen. Go to newsletter preferences Thanks for signing up! AdvertisementThe 2024 Chevrolet Blazer EV was one of the most eagerly awaited electric vehicles to hit the market when it debuted in late 2023. Until recently, the General Motors EV lineup had consisted primarily of luxury vehicles like the Cadillac Lyriq and high-priced pickups like the Hummer EV.

Persons: — Organizations: Chevrolet, Blazer, Apple, Service, General Motors EV, GM, Business

☆ Connecting your phone to rental car infotainment system? There is a big, hidden privacy risk
▼ + stars: | 2024-09-25 | by ( Barbara Booth | ) www.cnbc.com time to read: +6 min

The recent data breach that exposed the sensitive information of some 300,000 Avis customers highlighted some critical vulnerabilities within the rental car industry. Yet, there's another, often overlooked security risk when drivers use a rental car: the personal data you unknowingly leave behind when syncing your mobile device to a rental car's infotainment system. Privacy policies say the customer is responsibleExperts agree that car rental companies need to start implementing best practices to better protect customers. Despite this, many rental companies lag in applying adequate protections. When you read those car rental agreements, they say you leave the data in the car, it's your problem.

Persons: Ford's, Biden, Andrea Amico, Privacy4Cars, James Hajjar, Hajjar, you've, Clyde Williamson, John Price, Yashin Manraj Organizations: Avis, Hartford, Enterprise, Pvotal Technologies, Android, Apple Locations: U.S, Protegrity

☆ Bad Bunny's 'La Velita' remembers Hurricane Maria — and serves as a searing indictment
▼ + stars: | 2024-09-23 | by ( Jaylinn Herrera | Jaylinn Herrera Is A Nbc News Associate With The Nbc National News Desk. | ) www.nbcnews.com time to read: +6 min

Bad Bunny is once again using his music to draw attention to his homeland, Puerto Rico, and as a catalyst for activism. Bad Bunny sings in Spanish. Bad Bunny calls out government leaders for “hiding” and showing up only to make appearances but not actually sending any help. Fans across the internet have applauded Bad Bunny for using his platform to bring awareness to what took place. This isn’t the first time Bad Bunny has used his art to spread awareness of the issues facing his homeland.

Persons: Bunny, Una Velita, Tainy, Hurricane Maria, Virgin Mary —, we'll, ”, Bad Bunny, grandpa, Maria, Carlos Calderon, Bianca Graulau, El Tony, “ Organizations: Puerto Rican, Hurricane, Virgin, Puerto Ricans, Hurricanes Locations: Puerto Rico, U.S, Puerto, Hurricane, Puerto Rican, ”, Al, el

☆ Side-by-side images from the James Webb and Hubble space telescopes show why NASA spent 25 years and $10 billion on the Webb
▼ + stars: | 2024-09-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Read previewNASA's James Webb Space Telescope floored astronomers and spectators across the globe when it released its first full-color images. Even those preliminary snapshots revealed countless stars, galaxies, and fine details that hadn't been seen before. A side-by-side collage of the same area taken by Hubble and the James Webb Space Telescope in its very first image. In the JWST image, you can see galaxies in the background that were invisible to HubbleA few galaxies that are clearly visible in the JWST image, but not the Hubble image. The JWST image also revealed the stellar nurseries created as galaxies mergeThe JWST image shows a region of gas compressed between merging galaxies.

Persons: —, James Webb, Webb, Joseph DePasquale, JWST, hadn't, Eric Smith, Hubble, STScI Webb, Mark McCaughrean, McCaughrean, Amber Straughn, Jane Rigby, we've Organizations: Service, Business, NASA, ESA, CSA, Hubble, James Webb Space, Hubble Heritage, European Space Agency Locations: JWST

☆ GM's EV sales momentum is finally building as new vehicle lineup fills out
▼ + stars: | 2024-09-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

While GM has withdrawn most of its previously announced electric vehicle targets, the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles – spanning a price range of roughly $35,000 to more than $300,000. EV sales data provided to CNBC by the Detroit automaker, which publicly reports sales quarterly, shows a notable increase for GM through August. GM sold nearly 21,000 EVs in the U.S. in July and August – almost matching its full second-quarter EV sales. GM's EV sales through August were up about 70% compared with a year earlier. It still remained more than 20,000 units shy of Hyundai/Kia EV sales through last month.

Persons: Mary Barra, Frederic J, Brown, Elon Musk's, Rory Harvey, Harvey, GM's, Tesla, Stephanie Brinley, Michael Wayland, Brinley, EVs, Scott Mlyn, Butts, Barra, carmaker Organizations: Cadillac, AFP, Getty, WARREN, General Motors, Detroit, U.S, GM, Elon Musk's carmaker, Hyundai, Kia, Ford, CNBC, Detroit automaker, Motor Intelligence, EV, P, Cox, Electric Locations: Los Angeles, Mich, North America, U.S, Detroit, Barra, U.K

☆ Inside the island fortress of America's mega-billionaires
▼ + stars: | 2024-09-22 | by ( Guthrie Scrimgeour | ) www.businessinsider.com time to read: +21 min

An Israeli-designed radar system encircling the island can detect passersby, in low visibility, from half a mile away. Often described as "butlers with badges," the Indian Creek police force is unlike most of its counterparts. The Indian Creek radar can detect objects on the water and use artificial intelligence to classify them according to the risk they pose. With the new security system, the Indian Creek police appear to have turbocharged their enforcement of regulations in the surrounding waters. Properties in the neighborhood are also being bought up by opaquely named LLCs tied to Indian Creek residents.

Persons: —, I've, I'm, — they're, Norman Braman's, Tom Brady, Carl Icahn, Jeff Bezos, we've, Tiffany, William Henry Hoover, Frank Woolworth, Saratta, Gerardo Vildostegui, Vildostegui, it's, Irma Braman, Bernard Klepach —, Mike Bullman, Chandan Khanna, Justin Ross, who's, Ross, Gail Golden, Javier Holtz, Marko Gojanovic, Gojanovic, he's, Dina Goldentayer, Don Shula, opaquely, LLCs, Julio Iglesias, Surfside, Tim Will, Will, America's, Elon Musk, you'd, there's, Brian Daniel, Low, John Bernardo, Klepach, Guthrie Organizations: Public Space Research, City University of New, Indian, Jewish, Indian Creek Country, Security Solutions, Police, Getty, Biscayne, Indian Creek Police, Marquis Bank, Miami Dolphins, BI, CUNY Locations: Indian, Biscayne Bay, America, Miami, Qatar, Israeli, City University of New York, Florida, Surfside, Surfside's, York City, United Kingdom, Japan, Germany, India, stoke, Washington , DC

☆ A’ja Wilson: Las Vegas Aces star named unanimous 2024 WNBA MVP after historic season
▼ + stars: | 2024-09-22 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —Las Vegas Aces star A’ja Wilson was unanimously voted as the 2024 WNBA Most Valuable Player after a historic season, the league announced on Sunday. It is Wilson’s third WNBA MVP award, having won it in 2020 and 2022. She became the first player to lead the WNBA in total points, rebounds and blocks in a season. Wilson’s excellent personal season was a big reason for the Aces reaching fourth in the WNBA standings and reaching the playoffs. Las Vegas is going for a historic threepeat of WNBA titles after winning the championship in the last two seasons.

Persons: A’ja Wilson, Wilson, Cynthia Cooper, Sheryl Swoopes, Lisa Leslie, Lauren Jackson Organizations: CNN, Las Vegas Aces, Houston Comets, Aces, WNBA, Seattle Storm Locations: Vegas

“They’ve already been trying to tie legislative candidates to Robinson for months. “Our state legislative candidates have already been running on kind of the dangers of having someone like Mark Robinson in office. A Democratic operative in North Carolina predicted the latest Robinson bombshell would be used as a vehicle to attempt to depress Republican turnout while also “amping up” Democrats. No Republican legislative candidates in North Carolina had publicly denounced Robinson after the CNN report as of late Friday afternoon. An official with the Republican State Leadership Committee, which has pledged to raise and spend $50 million in state legislative races this cycle, didn’t respond to questions Friday.

Persons: Mark Robinson, Robinson, he's, Roy Cooper, Josh Stein, Kamala Harris, ”, Vicky Hausman, Hausman, ” Hausman, haven't, “ They’ve, —, “, ” Simone Leiro, Leiro, ” Leiro, Will Rusche, Donald Trump, Trump, Sam Newton, ” Newton Organizations: GOP, National, Democratic, Republicans, Democratic Gov, PAC, Forward, Republican, The States, —, North Carolina House Republicans, Democratic Legislative, Committee, Democrats, Democratic National Committee, CNN, NBC, Trump, White, North Carolina Republican Party, NAZI, General, Republican State Leadership Committee, Republican Governors Association, Democratic Governors Association Locations: North Carolina, Carolina, “, Wilmington, N.C

☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ Why EU tariffs are unlikely to dent Chinese EV makers' European expansion
▼ + stars: | 2024-09-20 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +2 min

To make the European market unattractive for Chinese EV exporters, tariffs have to be as high as 50%, according to research group Rhodium. watch nowHe pointed out that the EU's tariffs were not as severe as those announced by North America because European and Chinese original equipment manufacturers are heavily interconnected. "It is a delicate balance to promote domestic European production without severely impacting their Chinese operations," McCabe said. Chinese EV makers are coming up with newer, cheaper offerings even as the EU strives to curtail imports via tariffs. At a conference in May this year, Chinese behemoth BYD announced its Dolphin model to the European market at less than $21,550.

Persons: Joseph McCabe, McCabe, behemoth BYD Organizations: Auto, Visual China, Getty, SAIC, EV, AutoForecast Solutions, U.S, Canada, EU, United Kingdom ., Tesla, Volkswagen Locations: Shenyang, Liaoning Province of China, Europe, BYD, North America, United Kingdom, China

☆ Over half of the Air Force's Osprey fleet has been cleared to fly after a deadly crash prompted a military-wide grounding
▼ + stars: | 2024-09-19 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +7 min

The news comes less than a year after a deadly November CV-22 Osprey crash in Japan that claimed the lives of eight airmen. AdvertisementJapan Ground Self-Defense Forces soldiers disembark from a V-22 Osprey aircraft. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. The cause of the Japan crash was determined to be the fracturing of a high-speed planetary pinion gear in the aircraft's prop rotor gearbox. US Air Force photo/Senior Airman Christopher CallawayThe Gundam 22 crew did press on after the chip burn lights and did not violate their training.

Persons: —, Michael Conley, that's, We've, Conley, YUICHI YAMAZAKI, Military.com, Jeffrey Hoernemann, Eric Spendlove, Luke Unrath, Terrell Brayman, Zachary Lavoy, Jake Turnage, Brian Johnson, Jake Galliher, Carl Chebi, NAVAIR, we've, Bell, Christopher Callaway, AFSOC, Amber Sax, John Sax, Sax, Konstantin Toropin Organizations: Service, Special, Command, Air, Space Force Association, Business, Defense Forces, Getty, Naval Air Systems Command, Program, Ospreys, Air Force, Osprey, Japan Coast Guard, AP, Air Force Special Operations Command, Tech, Staff, Pentagon, Bell, Boeing, US Air Force, Gundam, Marine Corps Locations: Washington, Japan, Yakushima Island, California

☆ Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
▼ + stars: | 2024-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla , with a steeper discount. Onvo, the lower-priced brand launched by premium electric car company Nio , announced its first car, the L60 SUV, would start as low as 149,900 Chinese yuan ($21,210) when buying battery services via a monthly subscription, starting at 599 yuan. Nio shares briefly rose by more than 3.5% in U.S. trading Thursday after the Onvo L60 launch. When Nio launched the Onvo brand in May, the company said the L60 would start selling at 219,900 yuan versus Tesla 's Model Y at 249,900 yuan.

Persons: Nio, Tesla, Mona, Max Organizations: Mona Locations: Shanghai, China, HEFEI

☆ He bought a cruise ship on Craigslist and spent over $1 million restoring it. Then his dream sank
▼ + stars: | 2024-09-18 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

CNN —Buying a historic cruise ship he found on Craigslist back in 2008 was undoubtedly a life-altering decision for Chris Willson. Ship of dreamsWillson and Li moved on board the ship and focused their energies on painstakingly restoring it. Christopher WillsonHis ultimate goal was to transform the neglected ship into a museum, but things didn’t quite go to plan. “We absolutely loved our time with that ship,” Willson tells CNN Travel. It subsequently remained at Alameda for several years, before being purchased by a businessman, who went on to list the ship on Craigslist.

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