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BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker
Dolphin Surf will start at £18,650 – among the cheapest new vehicles on sale in Britain Business live – latest updates The Chinese manufacturer BYD has launched its cheapest model in the UK, in the latest stage of its efforts to overtake Tesla as the world’s biggest electric carmaker. The Dolphin Surf will start at…
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
Draft agreement may reassure top US military suppliers after president’s tariffs flip-flopping threatened production The draft trade agreement with China announced by Donald Trump on Wednesday would ease concerns from top US military suppliers about rare-earth metals and magnets that, if cut off permanently, could hobble production of everything from smart bombs to fighter jets…
Trump’s trade war is raising money for the government, but at whose expense?
Scott Horsley President Trump has been promising his tariffs will help make America more prosperous. There’s already evidence that tariffs are helping the government’s bottom line. The federal government collected $68.9 billion in tariffs and excise taxes during the first five months of the year, according to Treasury Department data collected by the Bipartisan Policy…
High-rise, high expectations: is Casablanca’s finance hub a model for African development?
Morocco’s commercial centre has brought investment to the continent – but critics say it masks domestic inequality For centuries, Casablanca was a significant trading hub for merchants from across the breadth of the Atlantic coast, given its geographical position between Africa, the Middle East and Europe. These days, Morocco’s economic capital is merging those historical…
Hawai‘i passes landmark tourist fee to fight climate change
A small fee stands to make a big impact in Hawai‘i. Hawai‘i lawmakers passed a groundbreaking bill that will impose a small tax on visitors in an effort to protect the islands from the growing risks of a warming planet. Funds generated by this “green fee,” as it is being called, will be used to…
In reversal, Trump administration restores classes at the National Fire Academy
Frank Langfitt The Trump administration is restoring in-person training at the National Fire Academy in tiny Emmitsburg, Md., after abruptly pausing it in March. The Federal Emergency Management Agency, which oversees the academy, initially paused on-site classes, saying the government would no longer pay for travel for programs it did not deem “mission critical.” On…
Two officials fired by Trump return to court to challenge his power
Andrea Hsu Appellate judges in Washington, D.C., will consider a key question on Friday: Does the president have the Constitutional authority to fire board members at agencies created by Congress to be independent of the White House? More specifically: Did President Trump overstep when he removed National Labor Relations Board member Gwynne Wilcox and Merit…
Tariff troubles: A rubber duck museum is migrating to Canada to stay afloat
By Martha Ann Overland If you had to pick just one place to take the temperature of relations between the U.S. and Canada right now, consider The Rubber Duck Museum in Point Roberts, Wash. The museum is located in a small U.S. town attached to Canada, not the U.S. mainland. The only way to drive…
Americans are already seeing Trump’s tariffs kick in. They sent in receipts to prove it
Emily Feng Lots of new tariffs have already gone into effect and more are about to come online. There is the tax on auto parts that kicked in this month; duties on steel and aluminum; new levies on small value packages; 10% on most imports; a flat 145% customs fee on anything from China; and potentially even…