Maker

China ya no es solo un mercado de consumo, sino una base de fabricación y un trampolín para competir con los fabricantes de automóviles chinos a nivel mundial, afirma Mark Greeven de la IMD Business School.

• U.S. lawmakers and foreign policy analysts have reached bipartisan consensus that Russia and Iran have formed a "transformational" military alliance that extends far beyond diplomatic convenience, fundamentally reshaping conflicts in Ukraine and the Middle East. • The alliance involves weapons transfers, intelligence sharing, and sanctions-evasion tactics, with experts describing the relationship's trajectory as shifting "from turbulent to transactional to transformational" following Russia's 2022 full-scale invasion of Ukraine. • Senator Tom Tillis emphasized the lethal implications for American personnel, stating that intelligence and satellite data sharing between Moscow and Tehran directly endangers U.S. service members deployed globally.

Climate experts and advocates warn House and Senate bills will protect polluters at the cost of the climate Republican lawmakers are attempting to shield big oil from having to pay for its contributions to the climate crisis, alarming environmental advocates.New House and Senate bills, led by Harriet Hageman, a Wyoming representative, and Ted Cruz, a Texas senator, respectively, would give oil and gas companies broad legal immunity from policies and lawsuits aimed at holding the industry accountable for damages caused by its emissions. Continue reading...

Analysis finds 53 allegations against 30 lawmakers; nine still in office amid wave of resignations in CongressFifty-three allegations of workplace sexual harassment have been made against at least 30 House and Senate lawmakers over the past two decades, an advocacy group said in a study that was released Tuesday amid a spate of ethics-fueled resignations in Congress.Most of the lawmakers from 13 states and Guam who have faced allegations have since left office, but nine continue to hold seats, the nonpartisan National Women’s Defense League (NWDL) said. Continue reading...

The hearing marks a key hurdle Kevin Warsh must overcome in order to succeed Jerome Powell when his term ends on 15 MayHello and welcome to the US politics live blog.President Donald Trump’s choice to lead the Federal Reserve will commit to protecting central bank independence on interest rates at a crucial confirmation hearing later today.Lori Chavez-DeRemer, Donald Trump’s labor secretary, resigned from her role with the administration. She said it was “an honor and a privilege to serve” to serve and that she would take on a job in the private sector. The departure came after she became entangled in a string of political and personal controversies. Democrats celebrated, writing “this administration is imploding”.Chuck Schumer, the Senate minority leader, called for Kash Patel’s immediate resignation following a report from the Atlantic detailing the FBI director’s alleged excessive drinking and absences. Patel has sued the magazine for defamation with his attorneys calling the article a “sweeping, malicious, and defamatory hit piece”.Donald Trump signed memorandums related to coal supply chains, natural gas and grid infrastructure on Monday. The president invoked the Defense Production Act in the energy-related memos, writing that increasing energy production is “essential to United States national defense”.The crowded field of Democratic candidates in the California’s governor’s race appears to be narrowing as Betty Yee — a former state controller— announced Monday she planned to end her campaign. Meanwhile, the California Democratic party chair Rusty Hicks continued to urge candidates trailing in the polls to exit the race. Continue reading...

Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator’s £9.1bn redress scheme. Continue reading...

Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard timesAllbirds, the maker of minimalist wool sneakers beloved by Silicon Valley, announced on Wednesday that it is leaving shoes behind and pivoting to artificial intelligence. The new focus and rebrand as “NewBird AI” sent the company’s stock up 582% as of mid-day during a flurry of trading.The surging stock price and new direction is a bizarre, rapid turnaround for a company that had fallen into disrepair in recent years. Once valued at $4bn, Allbirds’ shares had lost 99% of their worth since 2021 and earlier this month the company announced plans for a $39m sale to brand management firm American Exchange Company. Continue reading...

Lafarge fined more than €1m and its former boss jailed for paying nearly €5.6m to groups including Islamic State A French court has fined the cement group Lafarge more than €1m (£870,000) and sentenced its former boss to six years in prison for paying protection money to Islamic State and other terror groups to maintain its business in war-torn Syria from 2013 to 2014.The ruling follows a 2022 case in the United States in which the French firm pleaded guilty to conspiring to provide material support to US-designated “terrorist” organisations and agreed to pay a $778m fine (£580m) – the first time a company had faced the charge. Continue reading...