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May 12, 2025

In China, fears grow of an EV financial crisis amid pricing war
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader, BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma. “All of…
US ‘very interested’ in talking digital trade with Japan: lobby
TOKYO — Donald Trump’s trade representatives are increasingly interested in bringing “digital trade issues” into talks with Japan, according to the head of the Washington-based industry group Business Software Alliance. The U.S. Trade Representative is “very interested” in aligning the tech policies of the two countries, Victoria A. Espinel, CEO of BSA, told Nikkei Asia.…
How the candidates are handling Trump and more
The matchup in New Jersey’s race for governor is officially set — and Tuesday’s primaries also laid down big indicators about the state of both political parties after the first major intraparty contests since the 2024 election. Republican Jack Ciattarelli, a former state legislator, easily won his party’s prim with President Donald Trump’s endorsement, underscoring…
L.A. councilman says ICE raids are creating ‘absolute terror’ in community
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing L.A. councilman says ICE raids are creating ‘absolute terror’ in community 05:21 UP NEXT LAPD Chief McDonnell says those who violate curfew are ‘subject to arrest’ 03:04 Reporter falls back with dispersed L.A. protesters amid flash-bangs, tear gas…
Qantas to shut Singapore-based Jetstar Asia on rising costs
SYDNEY — Qantas will shut down its Singapore-based subsidi, Jetstar Asia, impacting 16 routes within Asia, the Australian airline announced Wednesday, blaming high supplier costs, airport fees and tougher competition for the budget carrier’s “growing challenges” in recent years. In a news release, Qantas Group described the shutdown as part of a “strategic restructure” that…
Australia’s Qantas to shut Jetstar Asia business on rising costs
SYDNEY — Qantas will shut down its Singapore-based subsidi, Jetstar Asia, impacting 16 routes within Asia, the Australian airline announced Wednesday, blaming high supplier costs, airport fees and tougher competition for the budget carrier’s “growing challenges” in recent years. In a news release, Qantas Group described the shutdown as part of a “strategic restructure” that…
Gavin Newsom says democracy under assault while blasting Trump’s immigration tactics
California Gov. Gavin Newsom delivered a scathing address Tuesday night that took aim at President Donald Trump’s federalization of the National Guard and use of Marines to quell protests in Los Angeles. The Democratic governor, who is considered a potential 2028 presidential candidate, blasted the president’s immigration enforcement tactics in remarks designed for a national…
California governor criticizes Trump sending National Guard in response to protests
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Gov. Newsom: ‘Trump chose theatrics over public safety’ 07:35 UP NEXT Gov. Newsom: ‘Trump chose theatrics over public safety’ 08:03 Trump border czar speaks on immigration raids and ‘dangerous’ anti-ICE protests 06:28 LAPD Chief McDonnell says those who…
Trump tariffs may remain in effect while appeals proceed, federal appeals court rules
A federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them on grounds that Trump had exceeded his authority by imposing them. The decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., means Trump may…