Tesla could get special duties as part of higher China EV tariffs, EU says
Tesla “may receive an individually calculated duty rate,” the European Commission said, as part of its decision to raise tariffs on Chinese electric vehicles.
German next-generation chip firm bags $274 million in funding as Europe ramps up semiconductor push
Black Semiconductor, a startup creating next-generation chip technology, said it raised 254.4 million euros (US$274 million), mainly from public funding.
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.
Hungary agrees not to veto NATO’s deepening support for Ukraine in exchange for nonparticipation
Hungary agreed not to veto NATO military support for Ukraine in exchange for not participating in these efforts.
France’s Macron says he won’t quit if his party loses in snap election vote
The snap election is a gamble for Macron; a defeat for his party would see his domestic powers significantly diminished.
Shares of Porsche, VW and other European carmakers fall following reports of ‘dieselgate’ lawsuits in Britain
The “dieselgate” emissions scandal refers to reports that first surfaced in 2015 that Volkswagen had been caught cheating on emissions tests in the U.S.
Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation
Mistral AI is just more than a year old but has raised huge sums of money and is vying to take on the likes of OpenAI and become Europe’s AI champion.
European Union announces higher tariffs of up to 38% on Chinese EVs
The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports.
CNBC Daily Open: Apple shares pop, Musk drops OpenAI lawsuit
Apple’s shares rose to a record high a day after it announced its push into artificial intelligence after partnering up with OpenAI.
UK GDP flatlines as PM Sunak pins election campaign on economy
Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March.
