In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This im
Imagine this: China's navy, the world's largest, just did something brand new. They took two of their aircraft carriers out for a ride in the South China Sea. This isn't just any ordinary cruise, though. The navy was practicing how to work together with both carriers. The stars of the show were CNS
Billionaire businessman Mark Cuban recently shared his thoughts on former President Donald Trump's proposed tariffs on China. While appearing on The View, Cuban warned that if Trump wins the upcoming election, families might struggle to afford Christmas gifts due to increased prices. Most holiday pr
In a big move this week, the EU took a stand against China by imposing tariffs on Chinese electric vehicle (EV) manufacturers. These tariffs, ranging from 17% to 35. 3%, were put in place after talks between the EU and China broke down. The tariffs are meant to tackle the heavy subsidies that the Ch
US-based drone maker Skydio has found itself in a tricky situation. Last month, China decided to sanction the company. Why? Because Skydio sold its drones to Taiwan’s national fire service. This news came from Skydio’s CEO, Adam Bry, in a blog post. Before the sanctions, Skydio mostly got its batte
Former President Donald Trump recently stirred up a debate by suggesting that Taiwan should pay the U. S. for protection against China. China, which sees Taiwan as its territory, warned that the U. S. could abandon Taiwan at any time. Taiwan is a key player in the semiconductor industry, a sector vi
Investors in the Asia-Pacific region are keeping a close eye on a couple of big events today. First up is the Bank of Japan's (BOJ) rate decision. Experts think the BOJ will keep rates steady at 0. 25%, but everyone will be scrutinizing the statement for any hints about the next rate hike. Meanwhile
Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
Last week at the BRICS meeting, India and China agreed to withdraw troops from two points in Ladakh. Some call this historic, but not everyone is so optimistic. This deal doesn't resolve their territorial disagreements in Ladakh and other areas. China claims parts of India, like Arunachal Pradesh. O
