Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail

Trump Puts State Farm, Other Insurers On Notice Over Treatment Of California Wildfire Victims Authored by Chris Summers via The Epoch Times (emphasis ours), President Donald Trump on March 31 told State Farm and other insurers to “get their act together” after meeting with California politicians and hearing about the difficulties facing the victims of last year’s wildfires. A home is engulfed in flames during the Eaton fire in the Altadena area of Los Angeles County, Calif., on Jan. 8, 2025. Josh Edelson/AFP via Getty Images Two areas outside Los Angeles were devastated...

China Curbs US Investment In Tech Companies After Meta Acquisition Of Manus Following earlier news that China has blacklisted 7 EU defense and aerospace firms over their dealings with Taiwan, Bloomberg reports that China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval.  Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject U.S. investment in funding rounds unless explicitly approved, ​the report said. The commission - a powerful state planning agency with broad policy-making powers -...

Russia, China Veto UN Res Authorizing Military Force To Reopen Hormuz Strait On Tuesday a UN Security Council resolution on opening the Strait of Hormuz failed due to Russia and China vetoing it. It was drafted by Bahrain and authorized countries to use military force if necessary to open the strait for the free flow of shipping and commerce. The resolution garnered 11 votes in favor, but permanent veto-wielding members China and Russia blocked it by registering no votes. This comes after days of pressure from Gulf countries to restore free passage...