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Tesla, a global leader in the electric vehicle sector, is witnessing a significant downturn in its sales within the Chinese market, despite efforts to boost consumer interest through price cuts and installment purchase options. The American automaker reported sales of over 63,000 vehicles in China for the month of January, marking an 11.5% decline compared to the same period in 2023. This slump comes at a challenging time...
In a significant strategic shift, Google has revised its ethical guidelines concerning the application of artificial intelligence, notably easing restrictions on its use in potentially harmful sectors, including weaponry. Historically, the tech giant has maintained a firm stance against leveraging AI for military and surveillance purposes. However, citing technological advancements, Google has now relaxed these principles. In a recent blog post defending this shift, Google emphasized the necessity...
The American manufacturer of clean trucks, Nikola, is contemplating a request for deferment of payment as it grapples with significant financial difficulties. Known for producing trucks that operate on electricity or hydrogen, the company is exploring options to seek protection against creditors. This development, reported by several American media outlets citing insider sources, suggests that Nikola’s management is currently engaged in discussions with legal and financial advisors. However,...
The European Commission plans to impose new import duties on inexpensive products from Chinese web platforms, potentially increasing costs for European consumers. Currently, parcels worth less than 150 euros are exempt, but the Commission aims to eliminate this exemption. To implement these changes, amendments to European customs rules are needed. The Commission has urged Member States and the European Parliament to facilitate this update. The rise in low-cost...
According to the World Gold Council (WGC), global demand for gold surged to an unprecedented 4974 tons last year, marking a significant milestone in the precious metal’s market. This surge is anticipated to persist throughout the current year, fueled by ongoing geopolitical tensions which enhance gold’s status as a safe haven during financial market uncertainties. The current price of a troy ounce of gold (31.1 grams) stands at...
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