New lithium plant inaugurated in Argentina

Reuters
Analysis-China, struggling to make use of a boom in energy storage, calls for even more
BEIJING (Reuters) -Rows of what look like thin, white shipping containers are lined up on a barren dirt field in China's Shandong province. Filled with batteries, they form a 795 megawatt (MW) plant that can hold up to 1 million kilowatt-hours of electricity - enough to power 150,000 households for a day, making it China's largest such storage facility when it was connected to the grid last Saturday. Built by Lijin County Jinhui New Energy Co, the project is part of an explosion in development of energy storage in China, which has called for even more investment in the sector to boost renewable electricity and ease grid bottlenecks.
AFP
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
Reuters
North Sea oil producers urge Labour's Starmer for tax clarity
North Sea oil and gas producers urged Britain's incoming Prime Minister Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to a rapid decline in output and revenue. Starmer's Labour Party swept to power in a parliamentary election on Thursday, ending 14 years of Conservative government. David Whitehouse, Chief Executive of industry body Offshore Energies UK, said the sector and investors were deeply concerned over Labour's plans.
The Guardian
British electricity prices could hinder switch to green technology, says steel industry
UK Steel says British firms paid prices in spring well over double French and Spanish equivalents
CNN Business
Tesla is now an official Chinese government car
For the first time ever, Tesla cars have been placed on a Chinese government’s purchase list, according to state-owned media outlet Paper.cn.
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
The Guardian
China to hold hearing into brandy imports as tension grows with EU over tariffs on EVs
Ministry will discuss investigation into claims that European producers are selling goods below market rates
Bloomberg
India’s Hopes for Tesla Investment Cool as Musk Ceases Contact
(Bloomberg) -- India doesn’t expect Tesla Inc. to move forward with an investment in the country any time soon after executives at Elon Musk’s electric carmaker stopped contacting them, according to people familiar with the matter.Most Read from BloombergBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitStocks Up as Path to September Fed Cut Gets Wider: Markets WrapSingapore Couples Are Marrying Earlier to Buy Homes, Leading S
Reuters
China-built EVs hit with duties in biggest EU trade case yet
BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built with state subsidies.
Yahoo Finance Video
Middle-income families feel 'high level of stress' about savings
Two-thirds of American middle-income families feel they are falling behind the rising costs of living in the US, according to data from Primerica. Though a tick down from last year's sentiment of 71%, this is still a worrying figure as more Americans are dealing with price pressures tied to housing costs and food prices. Primerica (PRI) CEO Glenn Williams talks more about the data with Brad Smith, stating "we also detect a high level of stress financially from these families" as US consumers reprioritize their spending. "As we sit down with families, clearly they know they need to be saving for the future, particularly for retirement. They need to make sure debt doesn't get out of control. But we see them in action. We sit down with them and first analyze where they are today. And that's where it exposes that. What sometimes they think is happening is not exactly what's happening. They're spending more than they think. They're using credit more, they're saving less, or the amount that they're saving is not going to get them where they want to go in time," Williams elaborates. "And then as families get started, they get a little momentum. And then they find out it's easier to take the next step and the next step. We find out that, Brad, it's not usually the information, it's the personal application of the information to their specific circumstances that confuse families. And then it's the motivation to act and continue to act that families need." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Herald Scotland
Mairi Spowage: Energy must be directed to a successful transition in Scotland
Energy must be directed to a successful transition
Insider Monkey
The Fastest Growing Automotive Brand in the World
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
The Guardian
My bricklayer’s gone viral! Why construction workers are the new social media stars
From pirouetting diggers to dazzling displays of bricklaying, astonishing professional skills from unsung experts are winning millions of views
Daily Meal
These Discontinued Fruit Drinks Were A '90s Favorite
The '90s were a wild time for snacks and fruit-based beverages for kids. With so many colorful options still kicking, why did this one go away?
The Guardian
EU brushes aside risk of China trade war over electric vehicle tariffs
Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation
Simply Wall St.
Exploring Three Undervalued Small Caps With Insider Actions In The Market
As global markets navigate through a relatively quiet phase with small-cap companies and tech stocks showing notable performance, investors are keenly watching the upcoming rebalancing of major indexes like the Russell 2000. In this context, understanding what constitutes an undervalued stock becomes crucial, especially when insider actions hint at unrecognized potential within the market's quieter segments.
Bloomberg
Oil Posts Weekly Gain as Hurricane, Stockpile Drop Extend Rally
(Bloomberg) -- Oil posted its fourth straight weekly advance, with declining US stockpiles and Hurricane Beryl extending crude’s early-summer rally.Most Read from BloombergBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitStocks Up as Path to September Fed Cut Gets Wider: Markets WrapSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretSingapore Is Making Life Tougher for Global TalentWest Texas Intermedi
Reuters
Reaction to EU duties on China-built EVs
BRUSSELS (Reuters) -The European Union will impose provisional tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, ratcheting up tensions with Beijing in the EU's largest trade case yet. "But it is very clear this solution (would) need to solve that market distortion that we are currently having ... and it needs to be market compliant."
Evening Standard
Global oil price circles two-month high stoking petrol cost fears
Motorist groups say previous drops in crude oil prices not fully passed on
The Independent
Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon
The deal was reportedly sealed with some help from Amazon, which is taking a minority stake in the newly-formed group Saks Global

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What the new Labour government means for your money

New lithium plant inaugurated in Argentina

Latest stories

Analysis-China, struggling to make use of a boom in energy storage, calls for even more

EU slaps Chinese electric cars with tariffs of up to 38%

North Sea oil producers urge Labour's Starmer for tax clarity

British electricity prices could hinder switch to green technology, says steel industry

Tesla is now an official Chinese government car

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China to hold hearing into brandy imports as tension grows with EU over tariffs on EVs

India’s Hopes for Tesla Investment Cool as Musk Ceases Contact

China-built EVs hit with duties in biggest EU trade case yet

Middle-income families feel 'high level of stress' about savings

Mairi Spowage: Energy must be directed to a successful transition in Scotland

The Fastest Growing Automotive Brand in the World

My bricklayer’s gone viral! Why construction workers are the new social media stars

These Discontinued Fruit Drinks Were A '90s Favorite

EU brushes aside risk of China trade war over electric vehicle tariffs

Exploring Three Undervalued Small Caps With Insider Actions In The Market

Oil Posts Weekly Gain as Hurricane, Stockpile Drop Extend Rally

Reaction to EU duties on China-built EVs

Global oil price circles two-month high stoking petrol cost fears

Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon