Volvo Cars books $9 billion impairment charge due to tariffs, launch delays
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
7 hours ago
- RTHK
Trump eases US regulations for private space launches
Trump eases US regulations for private space launches Donald Trump's latest executive order paves the way for more Starship launches by SpaceX with its 'fail fast, learn fast' corporate ethos. File photo: Reuters US President Donald Trump has signed an executive order easing regulations for the private space industry, including eliminating some environmental reviews, in a move likely to please his erstwhile adviser Elon Musk. Wednesday's executive order, aimed at "substantially" increasing the number of space launches, was described by an environmental group as "reckless". Since returning to the White House in January, Trump has talked up several space missions, including sending humans to the moon and Mars. The moon and Mars missions are planned to get a ride on the massive Starship rocket of Musk's private firm SpaceX. However, Starship has had a series of setbacks, with its latest routine test ending in a fiery explosion in June. SpaceX dominates the global launch market, with its various-sized rockets blasting off more than 130 times last year – and that number looks set to rise after Trump's executive order. "It is the policy of the United States to enhance American greatness in space by enabling a competitive launch marketplace and substantially increasing commercial space launch cadence" by 2030, the order read. The change could well benefit Musk, who has long advocated deregulation of the space industry. The world's richest man was previously a close adviser to Trump before the pair had a dramatic, public falling out in July. The executive order also called on Transportation Secretary Sean Duffy – who was at the signing and is currently NASA's administrator – "to eliminate or expedite the Department of Transportation's environmental reviews" for launches. SpaceX has been repeatedly criticised over the environmental impact at the sites where Starship, the largest and most powerful rocket in history, blasts off. The US-based nonprofit Center for Biological Diversity said the new executive order "paves the way for the massive destruction of protected plants and animals". "This reckless order puts people and wildlife at risk from private companies launching giant rockets that often explode and wreak devastation on surrounding areas," the center's Jared Margolis said. Musk's dreams of colonising Mars rely on the success of Starship, and SpaceX has been betting that its "fail fast, learn fast" ethos will eventually pay off. The Federal Aviation Administration approved an increase in annual Starship rocket launches from five to 25 in early May, stating that the increased frequency would not adversely affect the environment. (AFP)
RTHK
8 hours ago
- RTHK
Trump eases US regulations for private space launches
Trump eases US regulations for private space launches Donald Trump's latest executive order paves the way for more Starship launches by SpaceX with its 'fail fast, learn fast' corporate ethos. File photo: Reuters US President Donald Trump has signed an executive order easing regulations for the private space industry, including eliminating some environmental reviews, in a move likely to please his erstwhile adviser Elon Musk. Wednesday's executive order, aimed at "substantially" increasing the number of space launches, was described by an environmental group as "reckless". Since returning to the White House in January, Trump has talked up several space missions, including sending humans to the moon and Mars. The moon and Mars missions are planned to get a ride on the massive Starship rocket of Musk's private firm SpaceX. However, Starship has had a series of setbacks, with its latest routine test ending in a fiery explosion in June. SpaceX dominates the global launch market, with its various-sized rockets blasting off more than 130 times last year – and that number looks set to rise after Trump's executive order. "It is the policy of the United States to enhance American greatness in space by enabling a competitive launch marketplace and substantially increasing commercial space launch cadence" by 2030, the order read. The change could well benefit Musk, who has long advocated deregulation of the space industry. The world's richest man was previously a close adviser to Trump before the pair had a dramatic, public falling out in July. The executive order also called on Transportation Secretary Sean Duffy – who was at the signing and is currently NASA's administrator – "to eliminate or expedite the Department of Transportation's environmental reviews" for launches. SpaceX has been repeatedly criticised over the environmental impact at the sites where Starship, the largest and most powerful rocket in history, blasts off. The US-based nonprofit Center for Biological Diversity said the new executive order "paves the way for the massive destruction of protected plants and animals". "This reckless order puts people and wildlife at risk from private companies launching giant rockets that often explode and wreak devastation on surrounding areas," the center's Jared Margolis said. Musk's dreams of colonising Mars rely on the success of Starship, and SpaceX has been betting that its "fail fast, learn fast" ethos will eventually pay off. The Federal Aviation Administration approved an increase in annual Starship rocket launches from five to 25 in early May, stating that the increased frequency would not adversely affect the environment. (AFP)
South China Morning Post
8 hours ago
- South China Morning Post
Revived Silk Route allows US to steam ahead of China, Russia in South Caucasus
The shortest Silk Route between China and Europe is set to reopen for the first time since the collapse of the Soviet Union, following Friday's agreement between Armenia and Azerbaijan to end the conflict that had been blocking the way. Shoehorned last minute into negotiations by Azerbaijan's close ally Turkey , the US took on the role of security guarantor for Armenia in return for a lease to develop and operate the so-called Zangezur Corridor, a route linking Azerbaijan to its Karabakh enclave via a strip of Armenian territory bordering Iran. Dubbed the Trump Route for International Peace and Prosperity, the proposed project represents the first major US involvement in the South Caucasus since a 1994 contract with an international consortium that set Azerbaijan on the path to becoming a major oil and gas exporter – via pipelines through Turkey, rather than Iran or Russia US President Donald Trump (centre) is flanked by Armenian Prime Minister Nikol Pashinyan (right) and Azerbaijan President Ilham Aliyev at the peace signing ceremony in the White House on Friday. Photo: AP Briefing journalists, a White House official claimed 'the losers here are China, Russia and Iran'. Eurasia experts, however, said that the deal was not viewed in such binary terms by Armenia and Azerbaijan.
