AP Top International News at 11:08 p.m. EDT
Xi meets Russia's Putin on a state visit to China that's a show of unity between the allies
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Yahoo News 360China is making cheap, high-quality EVs. Why does the U.S. want to stop you from buying one?
Chinese electric vehicles that cost as little as $12,000 could supercharge the green energy transition, but might kill the American auto industry in the process.
- Yahoo Finance
These 3 stocks are poised to benefit from the massive energy transition
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.
- Yahoo Finance
EU automakers slip as China threatens retaliatory tariffs on luxury cars
The Chinese government threatened retaliatory tariffs on imports of European Union and US-made vehicles following the EU’s move to investigate Chinese EV subsidies and the White House’s tariff escalation on Chinese-made goods.
- Engadget
South Korea aims to bolster local chip production with $19 billion of support
South Korea has announced a $19 billion support package to help its semiconductor industry compete with those in the US, China and Taiwan.
- Autoblog
Toyota Highlander plant gets $1.4B to build a new EV and battery packs
Toyota invests $1.3B in the plant building the Highlander for new three-row EV and battery pack assembly lines. Thought to be for an electric Higlander.
- Yahoo Finance
US chip manufacturing capacity projected to triple by 2032, fueled by CHIPS Act: Industry leader
US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association, signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.
- Yahoo Finance
Audi furthers EV push into China with new platform agreement
Volkswagen’s Audi premium group is pushing deeper into the Chinese market with domestic partnerships, signing a deal with state-owned SAIC to develop new EVs for the mainland. This comes as global rivals like GM and Ford look to minimize losses in the region.
- Yahoo Finance
What Nvidia says about AI chip demand could matter for more than just the tech trade
Other sectors have rallied on AI demand, raising the stakes for the chipmaker's latest quarterly update.
- Yahoo Finance
Nvidia's blowout earnings highlight a challenge in the AI age
Data centers running AI models require more energy. Where will it all come from?
- Yahoo Finance
Gas prices expected to jump this summer on refinery constraints
Gas prices are expected to rise this summer amid higher refining costs and capacity constraints.
- Autoblog
Volkswagen delays ID.7 sedan launch in North America
Volkswagen just announced it is delaying the North American market launch of its flagship ID.7 electric sedan.
- TechCrunch
India's BluSmart is testing its ride-hailing service in Dubai
Indian ride-hailing startup BluSmart has started operating in Dubai, TechCrunch has exclusively learned and confirmed with its executive. The move to Dubai, which has been rumored for months, could help counter the likes of Careem, Uber and Hala in the United Arab Emirates' most populous city. The Gurugram-based startup quietly enabled the new Dubai service through its app earlier this week and has created a separate subdomain for Dubai on its website.
- Yahoo Finance
Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire
Oil prices have been declining on optimism regarding a possible ceasefire between Hamas and Israel and rising crude inventories.
- TechCrunch
Electricity Maps calculates the carbon intensity of electricity consumption to optimize usage at scale
If you’re an electricity nerd, chances are you’ve already spent quite a few hours looking at Electricity Maps and its mesmerizing export flow animations. This open source data visualization project has been around since 2016. There are currently 20 people working for Electricity Maps and the company has been profitable for a few years.
- Autoblog
Tesla stock surges on 'watershed' 'Full Self-Driving' approval in China
Tesla (TSLA) stock soared on Monday following reports that CEO Elon Musk won Chinese approval to deploy the automaker’s Full Self-Driving (FSD) autonomous software on the mainland.
- TechCrunch
Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research. If you’re wondering what’s driving the growth, you probably guessed that it's related to generative AI and the copious amount of data required to build the underlying models.
- Yahoo Finance
Macy's beats low Q1 estimates as it weighs between a turnaround and a buyout
Macy’s recorded another quarter of sales declines, but not as much as Wall Street feared.
- Yahoo Sports
Benches clear as Red Sox's Chris Martin takes exception to Brewers bunting on him
An argument between Boston Red Sox reliever Chris Martin and Milwaukee Brewers first base coach Quintin Berry caused a bench-clearing confrontation at Fenway Park on Sunday.
- Yahoo Finance
Nvidia stock leaps to latest record — thanks to Elon Musk
The increase of AI investment has continued to boost optimism over Nvidia's growth as the chipmaker continues its record-setting stock rally.
- Yahoo Sports
Caitlin Clark's next WNBA game: How to watch the Los Angeles Sparks vs. Indiana Fever tonight
Are you ready to watch Caitlin Clark's next WNBA game? The Fever host the Sparks tonight.