Spyke

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economy·Economybycyd

Musk battles to save Tesla from Trump

Paywalled, sorry, here are highlights;

Trump’s “big, beautiful bill” puts at risk a crucial source of profit for Tesla by neutering rules that allow the electric-vehicle maker to sell billions of dollars of emissions credits.

Trump has vowed to kill the US’s three parallel systems of emissions credits, in the name of lower car prices... His “big, beautiful bill” targets a third system, the federal “corporate average fuel economy” (Cafe) standards. The programme penalises automakers whose vehicles fall short of fuel-efficiency targets and rewards those that produce no emissions with clean air credits, which can then be sold on to gas-focused rivals to offset their fines.

Selling credits under Cafe and similar systems in other jurisdictions contributes a substantial and growing proportion of Tesla’s profit.

In the first quarter, Tesla’s reliance on the systems was stark: it would have made a loss if not for credit sales, which rose 35 per cent to $595mn, eclipsing Tesla’s overall $409mn of net income.

https://www.ft.com/content/aaf1a903-1936-4807-9fa0-6fbbe2485edbOpen linkView original on lemmy.world

South Korean and Japanese universities under pressure to lift tuition fees

In the US, skyrocketing tuition fees are a major political issue, with pressure for student loan forgiveness, etc.

So it's interesting to see two East Asian countries having the opposite problem: tuition fees are too LOW, straining university finances and hindering the objective of delivering a good education.

South Korean and Japanese universities under pressure to lift tuition feeshttps://eastasiaforum.org/2024/06/25/south-korean-and-japanese-universities-under-pressure-to-lift-tuition-fees/Open linkView original on lemmy.world
singapore·Almost anything regarding Singaporebycyd

Foreign interference law invoked for the first time against naturalised Singaporean businessman

Guess which country is doing the alleged interference...

"Mr Chan, the managing director of several real estate investment firms, was invited to attend China’s annual Two Sessions parliamentary meetings in March 2023 as an “overseas Chinese representative”."

Foreign interference law invoked for the first time against naturalised Singaporean businessmanhttps://www.straitstimes.com/singapore/foreign-interference-law-invoked-for-the-first-time-against-naturalised-s-porean-businessmanOpen linkView original on lemmy.world