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...The move comes amid US alarm at Huawei’s ability to develop advanced chips despite sweeping export controls introduced in 2022....
...On a conference call, Musk refused to be drawn on specific plans for an affordable “next generation vehicle” or how it would be produced using Tesla’s current infrastructure....
...While in the US, the iPhone maker has been hit by a sweeping antitrust case that alleges the Silicon Valley giant uses its power in the smartphone sector to quash rivals and limit consumer choice....
...That requires a large customer base, hence Tesla’s transition from high-end, six-figure vehicles to more affordable models and deals with Uber and Hertz....
...Apple’s event also featured a redesigned Pencil stylus for its tablets and a more affordable version of its larger 13-inch iPad model....
...These rules won’t provide a quick solution to shortages of affordable homes to rent. New short-term lets that are not used as the owner’s sole or main home will in future require planning permission....
...Extreme pricing pressure is forcing affordable vehicles on Tesla, irrespective of whether it chooses to launch one....
...Walmart had hoped to leverage its vast store footprint to become a destination for affordable healthcare and vice versa....
...The elegance of US bankruptcy is that it can impose a sweeping settlement across all creditors and claimants while terminating all outstanding litigation....
...The share price rose in after-hours trading following news that Tesla was planning more affordable vehicles next year, despite the company opting not to confirm a date for its anticipated $25,000 model....
...But an affordable Tesla that costed about $25,000 “will drive greater EV adoption” overall, Morningstar analyst Seth Goldstein said....
...the antitrust regulator sued to block an $8.5bn tie-up between the owners of Michael Kors and Coach, saying the deal would end “head-to-head” competition between the groups’ brands, which specialise in affordable...
...In today’s newsletter: Berkshire Hathaway’s next CEO Hollywood titans support Skydance Boutique banks make a killing on distressed firms Warren Buffett lays out a sweeping role for his successor Death...
...“This deal threatens to deprive consumers of the competition for affordable handbags, while hourly workers stand to lose the benefits of higher wages and more favourable workplace conditions”....
...Transsion, whose affordable handsets have helped it become Africa’s top smartphone maker, increased shipments by 85 per cent to 25.2mn units, putting it in fourth place by volume ahead of its more established...
...It conveys sweeping powers against firms that “attempt to monopolise” a market....
...is affordable....
...Tesla’s performance in China contributed to a worse than expected drop in first-quarter profits, as Musk pledged to bring forward the launch of “more affordable” models....
...The US government has offered sweeping incentives to clean energy developers in a bid to rapidly decarbonise the electricity grid....
...The DMA, a sweeping set of rules unveiled in March 2022, aims to keep in check the market power of six “gatekeepers”: Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft....
...Citigroup has lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn, despite the bank’s profits falling almost 40 per cent amid a sweeping reorganisation....
...Tesla would “accelerate the launch of new models”, he said on Tuesday, including a promised “affordable” car better priced to compete with an impending influx of ultra-cheap Chinese rivals in the US market...
...Whether more affordable models and chargers can be made rapidly available will be key to such a swift deployment. “This will change the energy markets....
...Coming a day after announcing sweeping lay-offs, Snap said in an earnings report on Tuesday its revenues increased 5 per cent to $1.36bn in the fourth quarter, below expectations of a rise to $1.38bn....
...The Cyberspace Administration of China has for several years been rolling out a sweeping legal framework for how businesses collect and use data, with strict rules on cross-border data flows and data viewed...
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