BMW to Halt Production of Three China-Made EVs Ahead of Neue Klasse Rollout
BMW Brilliance Automotive plans to stop making three electric models in China this July to prepare its Shenyang plant for the new-generation Neue Klasse EV platform.
Latest news
Energy & Climate
Energy & Climate
Federal Regulators Direct Faster Grid Access for Power-Intensive AI Data Centers
The Federal Energy Regulatory Commission ordered regional grid operators to expedite connections for large AI data centers, aiming to meet surging power demands while safeguarding state authority and consumer costs.
Defense & Security
U.S. Vice President Postpones Switzerland Visit Amid Pending Iran Nuclear Discussions
The delay in the U.S. Vice President’s trip to Switzerland highlights uncertainty as technical talks with Iran over its nuclear program approach, reflecting fragile progress in negotiations.
Defense & Security
US and Iran Outline Initial Peace Deal with Emphasis on Nuclear Restrictions and Economic Reconstruction
A preliminary memorandum between the US and Iran aims to end hostilities, address nuclear concerns, and launch a multibillion-dollar reconstruction plan pending a final agreement.
Trade & Tariffs
US Vice President’s Claim That Iran Gained Nothing from Oil Sanctions Relief Contradicted by Evidence
Despite assertions that Iran did not benefit from oil sanctions relief, decades of US restrictions and recent enforcement actions show Tehran’s oil trade remains a crucial financial lever.
Defense & Security
JD Vance Delays Trip to Switzerland for Initial Nuclear Talks with Iran
Vice President JD Vance has postponed his departure to Switzerland for the first technical nuclear negotiations with Iran due to unresolved logistical challenges and uncertainties about Iranian participation.
Trade & Tariffs
South Korea Navigates Economic Shifts Amid US-Iran Agreement and Trade Tensions
South Korea faces new economic opportunities and supply chain challenges following the US-Iran deal, while preparing to address trade tensions related to US-imposed tariffs.
Markets & Macro
China’s Manufacturing PMI Stalls at 50% Amid Decline in Small and Medium Enterprises
China’s manufacturing sector hit a critical threshold in May as growth stalled overall, with small and medium enterprises contracting while large firms expanded.
Big Tech
Meta Loses Key Executive Leading Internal AI Tool Development Amid Restructuring
Meta’s sudden departure of a senior product executive signals ongoing challenges as the company pushes to integrate artificial intelligence across its operations and products.
Defense & Security
Ukrainian Drone Attacks Disrupt Moscow’s Key Oil Refinery and Capital Airports
A second drone strike in days hit Moscow’s Gazprom Neft refinery, triggering massive fires and forcing shutdowns at multiple airports, revealing vulnerabilities near Russia’s capital.