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US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

WASHINGTON (AP) — The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan.
Japanese automaker Honda reports booming profit on sales growth, weak yen

Japanese automaker Honda reports booming profit on sales growth, weak yen

TOKYO (AP) — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.
Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles

Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles

DETROIT (AP) — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard.
Stock market today: Wall Street is off to a mixed start

Stock market today: Wall Street is off to a mixed start

NEW YORK (AP) — Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%.
China's Xi receives ceremonial welcome in Hungary ahead of talks with Orbán

China's Xi receives ceremonial welcome in Hungary ahead of talks with Orbán

BUDAPEST, Hungary (AP) — Chinese President Xi Jinping received a ceremonial welcome in Hungary's capital on Thursday ahead of a day of talks with Hungarian officials which are expected to result in further Chinese investments in the Central European
Japanese automaker Nissan reports 92% jump in profit as sales surge

Japanese automaker Nissan reports 92% jump in profit as sales surge

TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.
Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day

Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day

HONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China reported better than expected trade figures for April. U.S.
Linamar reports earnings up in first quarter to $178.5 million

Linamar reports earnings up in first quarter to $178.5 million

GUELPH, Ont. — Linamar Corp. says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions. The auto parts manufacturer says it had net income of $178.
S&P/TSX composite down as shares of Shopify tumble, U.S. stock markets mixed

S&P/TSX composite down as shares of Shopify tumble, U.S. stock markets mixed

TORONTO — Shares of tech heavyweight Shopify fell almost 19 per cent Wednesday, weighing on Canada's main stock index, while U.S. markets were mixed. The S&P/TSX composite index closed down 31.46 points at 22,259.16.
The Latest | Israel forces block Gaza's Rafah border crossing. UN says it's running out of fuel

The Latest | Israel forces block Gaza's Rafah border crossing. UN says it's running out of fuel

Israeli forces have seized the Gaza side of the Rafah border crossing with Egypt, pressing their offensive into the southern city on Tuesday. The closed border means U.N.