Kazakhstan's economy grows 5% in 2024, beating expectations
Kazakhstan's economy expanded by 5% in 2024, outpacing the earlier forecast of 4.8%, according to the Ministry of National Economy....
As the EU considers new tariffs on Chinese electric vehicles, China is open to alternatives and welcomes the EU's delegation for discussions amid rising opposition among member states.
China is willing to consider alternative possibilities while the European Union investigates new tariffs on Chinese electric vehicles. The EU's decision to send a mission to China for additional talks has been welcomed by Beijing, indicating growing opposition to these proposed measures among EU member states.
During a video meeting, European Commission Executive Vice-President for the Economy Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao decided to start discussions, concentrating on possible minimum price pledges from Chinese producers or investment in Europe as alternatives to tariffs. China's Ministry of Commerce said it hopes these talks will be "pragmatic" and "balanced," resulting in a settlement that benefits both parties.
Hungary and the UK are among the nations that have expressed opposition to the EU's proposed tariffs. The promotion of clean technology and carbon reduction targets are not aided by such tariffs, according to Ada Nagy, Deputy State Secretary for Industry Affairs, Ministry for National Economy of Hungary. He underlined that consumers are likely to choose conventional fuel-powered vehicles over new energy alternatives in the absence of incentives.
The EU's decision, according to Jack Perry, Chairman of the UK's "48 Group Club," is shortsighted and might impede the expansion of the EU's electric car sector and keep it behind the rest of the world in terms of renewable energy developments. Although the strategy may appear advantageous in the short run, he contended that it could cause consumers to face long-term expenditures and slow down the shift to electric vehicles.
Both parties believe that as conversations continue, a solution will be reached that balances economic interests with environmental responsibilities and encourages sustainable growth in the electric vehicle market.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
Germany’s cabinet has approved a draft 2026 budget on Wednesday featuring record investments and a borrowing level nearly three times higher than last year’s, aiming to strengthen infrastructure and defence while efforts to revive growth.
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