China Drafts Rules for Driver Assistance Systems to Boost Safety
China is developing new mandatory national safety requirements for driver assistance systems, signaling a move toward tightening regulations as the safety of the rapidly evolving technology comes under scrutiny.
The proposal was published in a notice on a public service platform under the State Administration for Market Regulation on Wednesday. The China Automotive Technology & Research Center, state-owned carmaker Dongfeng Motor Group Co. and tech giant Huawei Technologies Co. are participating in the drafting process.
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China to fast-track applications for rare-earth minerals to US, EU
June 7 (UPI) -- China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations. U.S. President Donald Trump and Chinese leader Xi Jinping spoke Thursday about easing trade tensions. On Saturday, China's Minister Seceary Wang Wentao said his nation is "willing to establish a green channel for qualified applications to speed up approval." Details weren't given, including the speed of the process and which EU nations are included. China controls 90% of the global processing of rare earth minerals. Major deposits also are found in the United States, Australia and Russia. Smaller amounts are in Canada, India, South Africa and Southeast Asia. Rare earth minerals are in the Earth's crust, making them difficult to extract. They include lanthanide, scandium and yttrium, all on the Periodic Table of Elements. Some major minerals that contain rare earth elements are bastnasite, monazite, loparite and laterite clays. The first rare-earth mineral was discovered in 1787 -- gadolinite, a black mineral composed of cerium, yttrium, iron, silicon and other elements. U.S. needs rare earth minerals The minerals are critical to American industries and defense, including use in cars and fighter jets. Batteries contain the minerals Trump posted on Truth Social on Thursday "there should no longer be any questions respecting the complexity of rare Earth products." On April 29, the United States and Ukraine created a Reconstruction Investment Fund that includes rare earth mineral rights in the European nation. Trump and Ukrainian President Volodymyr Zelensky were originally set to sign the minerals deal on Feb. 28, but the plan was scrapped after a tense exchange between them in the Oval Office in which Trump accused him of "gambling with World War III." The United States wants access to more than 20 raw materials in Ukraine, including some non-minerals, such as oil and natural gas, as well as titanium, lithium, graphite and manganese. The Chinese commerce ministry confirmed some applications have been approved without specifying industries covered. Some Chinese suppliers have recently received six-month export licenses, the American Chamber of Commerce in China said Friday, but it noted that there is a backlog of license applications. In a survey of member companies conducted by the American Chamber of Commerce in China late week, 75% say their stock would run out within three months, CNN reported. Jens Eskelund, the chamber president, said member companies were "still struggling" with the situation. "I hadn't realized just how important this rare earth card was before. Now the U.S. side is clearly anxious and eager to resolve this issue," he said a video on Thursday. "But of course, we'll link this issue to others -- the U.S. is restricting China on chips and jet engines, then China certainly has every reason to make use of this card. "As for whether China will change its rare earth export control policy, that probably still needs to be negotiated in more detail," Jin added. Trump said Xi and himself "straightened out" some points related to rare earth magnets, calling it "very complex stuff." The U.S. federal government said China had reneged on its promise made in Geneva on May 12. Delegations from Beijing and Washington plan to meet in Great Britain on Monday for trade negotiations. At the height of tariff war, China had imposed export restrictions on some minerals on April 4. Trump two days planned a 120% "reciprocal" tax on top of 25% levy on Chinese goods. But one week later it paused the bigger tariffs, including on other countries for 90 days. European nations' needs China's commerce ministry pledged to address the EU's concerns and establish a "green channel" for eligible applications to expedite approvals. He went to Brussels, Belgium, earlier this week and met with European Union's trade commissioner, Maros Sefcovic. It's a problem for China and the EU. Sefcovic said the pause was slowing deliveries for manufacturers of a wide range of items from cars to washing machines. Wang urged the EU to "take effective measures to facilitate, safeguard and promote compliant trade of high-tech products to China." On Friday, the European Chamber, a Beijing lobby group, warned progress had "not been sufficient" to prevent severe supply chain disruptions for many companies.
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Got $3,000? 1 Artificial Intelligence (AI) Stock to Buy and Hold for the Long Term.
This dominant internet enterprise isn't new to artificial intelligence (AI), as it's been working on this technology for decades. The ability to generate extremely huge profits helps fund sizable investments to build out AI infrastructure. Shares trade at a 22% discount to the S&P 500, a deal that shouldn't be overlooked. 10 stocks we like better than Alphabet › The artificial intelligence (AI) boom is showing no signs of letting up. Executive teams want to leverage this technology, while employees are worried about how it could affect their jobs. And then there are investors that continue to look for ways to profit from this trend. Picking the right business could be a boon for your portfolio. If you have $3,000 ready to invest right now, here's one AI stock to buy and hold for the long term. "We will move from mobile-first to an AI-first world," CEO Sundar Pichai of Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) then-Google division said in the company's 2015 letter to shareholders. This was to outline a fresh strategic focus and outlook of the tech landscape. Looking back with the benefit of hindsight, it's quite remarkable how prescient this perspective was. If we go even further back, Google was using machine learning capabilities in 2001 to help users with their spelling within its popular search engine. While everyone else seems to finally be coming around to the AI craze, Alphabet has been working on this technology for quite some time. This has become more notable recently, with different platforms leveraging AI to better serve users. For example, Search allows users to conduct queries with their cameras, Maps uses AI to provide traffic info, and YouTube can come up with captions for content creators. These are clear examples of AI helping improve the user experience. At its developer conference in May, one notable update that Alphabet announced was Agent Mode. Soon to be released, this tool can handle complex, multistep tasks from start to finish by conducting different activities like surfing the web or doing deep research. Waymo, Alphabet's autonomous vehicle (AV) and robotaxi unit, also leans heavily on AI when completing rides and ensuring a safe trip. It's also used for training and advancing the AV tech. Perhaps no segment has a greater opportunity in AI than Google Cloud. Cloud computing is a major growth market, as more IT spending shifts from on-site to off-premises. This has provided a tailwind. However, now that more companies are realizing that they must incorporate AI within their own operations, it makes Google Cloud even more critical as a vendor. During the first quarter of 2025, 74% of Alphabet's revenue, or $67 billion, came from digital advertising efforts. AI is helping these important customers by building automated ad campaigns in a budget-friendly way, for example. Alphabet is undoubtedly all-in on the AI transition. It's working on this technology to not only improve its existing products and services, but to create entirely new tools for users and customers to benefit from. That strategic focus positions it well for the future. Based on these factors, it's understandable if you're starting to think that Alphabet might be the best AI stock to own. However, there are other reasons to appreciate this business and opportunity. Alphabet is in incredible financial shape. Even after sizable capital expenditures of $53 billion were made in 2024, the company still managed to bring in $73 billion in free cash flow. It generates unbelievable earnings that allow it to keep plowing more money into things like servers and data centers. Critics will say that this is wasteful spending, but it's a risk worth taking to ensure the business stays ahead of the curve. The current valuation is also too hard to ignore. As of this writing, shares are trading at a forward price-to-earnings ratio of 17.5. This multiple represents a 22% discount to the overall S&P 500. All this means investing $3,000 in the stock today and holding for the long term is a smart move. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy. Got $3,000? 1 Artificial Intelligence (AI) Stock to Buy and Hold for the Long Term. was originally published by The Motley Fool
Yahoo
an hour ago
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No more leprechaun economics: Ireland's tax swindle is finally ending
Donald Trump has sent Ireland to the naughty step. Once the altar boy of American commerce, Dublin now finds itself blacklisted alongside China, Germany and Vietnam, each a prime candidate for tariffs and sanctions. The offence? Running a surplus with the United States. On the face of it, the complaint seems petty. One country sells more than it buys. So what? But Ireland's problem, like the others on Trump's list, is that its surplus rests on a creed that has fallen out of favour. As offshoring hollowed out Middle America, the old Clinton mantra 'It's the economy, stupid' has begun to sound rather less clever than it once did. That, at least, is the mood in Trump's Washington. And judging by his campaign-trail fixation with the word tariff, many Americans agree: a reckoning is overdue. Ireland offers a particularly inviting target. Its surplus owes less to tangible exports than to tax gymnastics. A pill is made in Ireland for 50 cents, sold to a sister company (also in Ireland) for €10, and then shipped to the global market at the same price. The profit is booked in Dublin, while tax collectors elsewhere are left out of pocket. The trick doesn't stop there. Intellectual property is shifted to Irish subsidiaries, global sales are routed through Irish entities, and profits vanish into low or no-tax jurisdictions. Together, these sleights of hand form what we're invited to call the Irish economic miracle – a miracle that, by one estimate, deprives other countries of nearly $20 billion a year in tax revenue. The question being asked in Washington is: who benefits? Ireland, clearly. One in every eight euros of its tax revenue now comes from US firms. That's a fivefold increase since 2010, driven by Ireland's famously 'competitive' tax regime. It accounts for a large slice of a €150 billion bilateral surplus. When Irish Taoiseach Micheál Martin visited the Oval Office in March, Trump put it plainly: 'We do have a massive deficit with Ireland, because Ireland was very smart. They took our pharmaceutical companies away.' It's hard to argue with the logic. Ireland has been undeniably clever at attracting American capital. Spending it is another matter. Much of the money sits on Irish books without generating the economic activity one might expect. The state's coffers may be overflowing, but the windfall is narrowly concentrated. Public spending, as ever, has been handled with something shy of brilliance. From roads and hospitals to housing and energy, the services most visible to the public have seen little improvement, despite years of surging resources have been channelled into more headline-friendly ventures: a €350,000 bike shed outside parliament; a vast new hospital project already among Europe's most expensive; and billions annually to accommodate asylum applicants – most of whom, the government has conceded, are economic migrants. The miracle, it seems, left little room for prudence. As every lottery winner learns, easy money tends to breed excess. But with full coffers, Ireland could afford to paper over the cracks. Meanwhile, American tech and pharma giants have flourished. Apple, Microsoft, Pfizer and others have routed billions through Ireland, to the delight of shareholders and pension funds. If Trump moves to close loopholes or impose tariffs, these are the interests he'll have to console ahead of the midterms. The losers, predictably, are the American workers left behind by the long, slow flight of industry and tax revenue. Worse off still are the countries quietly drained by Ireland's magic act. The sums involved are vast. The structures that move them are so complex they can feel impossibly abstract. But the consequences are not. According to modelling by the Universities of St Andrews and Leicester, this tax loss has deprived more than 100,000 children of school attendance and some 1.1 million people of access to basic sanitation. Quibble with the methods if you like, but the core truth is hard to deny: when profits are rerouted, people are short-changed. Not that Dublin seems overly troubled. Only last month, Ireland's Taoiseach declared: 'Ireland earns its living from an open and fair approach to world trade.' The most pious nations often turn out to be the most artful. Ireland rarely misses a chance to sermonise on Gaza, climate justice, or whichever cause currently allows it to cast itself as Europe's moral compass. But as La Rochefoucauld noted, hypocrisy is the tribute vice pays to virtue. And by that measure, Ireland has paid handsomely. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
