U.S. air strikes set back Iran’s nuclear programme by up to two years, Pentagon says
The Pentagon says U.S. strikes on Iranian nuclear sites have degraded Tehran’s programme by as much as two years, following attacks last month that ...
Canada has suspended Tesla rebate payments and barred the automaker from future EV incentives due to U.S. tariffs. Transport Minister Chrystia Freeland said the freeze will remain until claims are individually reviewed.
The Canadian government has taken a firm stance against Tesla, freezing approximately C$43 million ($30.11 million) in rebate payments and barring the electric vehicle manufacturer from future incentive programs. The decision comes as part of Canada’s response to newly imposed U.S. tariffs on Canadian goods, which Transport Minister Chrystia Freeland described as "illegitimate and illegal."
Freeland stated that the transport department will revise eligibility requirements for upcoming iZEV programs, ensuring that Tesla vehicles do not qualify as long as the U.S. tariffs remain in place. The government will also investigate each existing rebate claim before processing any payments.
Tesla has not yet responded to requests for comment regarding the policy shift. The move follows reports by the Toronto Star that Tesla dealerships in Canada, particularly in Quebec, filed a high volume of rebate claims in the final days of the program in January. One dealership alone reportedly accounted for nearly C$20 million in subsidies by documenting over 4,000 sales in a single weekend.
The rebate freeze also comes amid broader trade tensions between Canada and the U.S. U.S. President Donald Trump recently announced sweeping tariffs, including a 25% tax on most Canadian and Mexican goods, set to take effect in early April. Trump has also hinted at forthcoming automobile tariffs, although it remains unclear if all proposed levies will be enforced by the anticipated April 2 deadline.
Adding to the friction, some Canadian cities, including Toronto, have ceased offering financial incentives for Tesla vehicles used in taxi or ride-sharing services due to escalating trade disputes. Meanwhile, Tesla CEO Elon Musk, a known ally of Trump, has been actively involved in White House efforts to streamline federal government operations through the Department of Government Efficiency.
The rebate suspension and Tesla’s exclusion from future incentive programs underscore the growing impact of trade policies on the EV industry, with potential implications for both automakers and consumers in Canada.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
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