Trump visits Texas after deadly floods
President Donald Trump toured flood-hit areas in Texas and expanded federal disaster assistance to eight more counties....
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government audit said nearly 22,000 cars sold up to 2020 should never have qualified for clean-energy incentives.
A Ministry of Industry and Information Technology (MIIT) review found that 21,725 vehicles received subsidies totalling 864.9 million yuan (about $121 million). Chery Automobile accounted for 7,663 ineligible cars and BYD for 4,973, together making up “nearly 60 %” of the improper claims, according to documents released last month.
While the papers did not set penalties, Beijing’s long-standing rule requires manufacturers to repay funds if models fail to meet mileage or technical standards. Industry analysts say that could deepen the financial strain on carmakers already battling a protracted price war and surplus production capacity.
China showered the sector with incentives between 2009 and 2022 to spur adoption of electric, plug-in hybrid and fuel-cell vehicles. Sales of such models have outstripped petrol-powered cars each month since March, MIIT data show.
The State Council has vowed to tighten pricing supervision and phase out outdated capacity after steep discounts squeezed margins and pitted factories against their dealers and suppliers.
Local authorities are now extending the subsidy audit to 2021 and 2022 claims, raising the possibility of further repayments across the industry. BYD and Chery did not respond to Reuters requests for comment, and the MIIT has yet to say when – or if – any money must be returned.
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to connect Central Asia and South Asia, which will increase the efficiency of the North-South corridor.
Uzbekistan and the State of Eritrea signed a Joint Communiqué on the establishment of diplomatic relations through their respective UN Missions.
China said it is ready to "continuously" boost strategic coordination with Moscow. Chinese Foreign Minister Wang Yi told Russian counterpart Sergey Lavrov in Kuala Lumpur on Thursday that Beijing is prepared to help safeguard both countries’ security and development interests.
The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime.
Azerbaijan and Kazakhstan have completed the 'Tarlan-2025' flight-tactical exercise, a series of unmanned-aircraft drills held in Azerbaijan and aimed at deepening defence ties between the two Caspian neighbours.
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