S.Korean battery makers agree $1.8 billion settlement, aiding Biden's EV push
The Peninsula
Washington/Seoul: South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for U.S. EV ambitions.
The settlement by affiliates of two of South Korea's biggest conglomerates came hours before a Sunday night deadline for President Joe Biden's administration to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC). In a statement, Biden called the settlement "a win for American workers and the American auto industry.... We need a strong, diversified and resilient U.S.-based electric vehicle battery supply chain".
Ankara: Turkish Vice President Cevdet Yilmaz and Somali Defense Minister Abdulkadir Mohamed Nour, who is visiting Turkiye, discussed enhancing relatio...
Bangkok: A second young Australian tourist died in a Thai hospital on Friday, bringing the death toll related to suspected methanol poisoning during a...
Ramallah, Palestinian Territories: The Palestinian Authority and Hamas both welcomed on Thursday the International Criminal Court s arrests warrants f...
Madrid: Spain s leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for a...
London: UK oil giant BP on Thursday unveiled a $7 billion joint project aiming to unlock around 3 trillion cubic feet of additional gas resources at i...
Bras lia: Chinese President Xi Jinping on Wednesday called for a ceasefire in Gaza, as he visited Brazil s capital, the state run Xinhua news agency r...
New York: The United States on Wednesday vetoed a UN Security Council push to call for a ceasefire in Gaza. The resolution demanded an immediate,...
Washington: Human driven warming of ocean temperatures increased the maximum wind speeds of every Atlantic hurricane in 2024, according to a new analy...
Bangkok: A Thai woman believed to be among the worst serial killers in the kingdom s history was convicted and sentenced to death Wednesday for poison...
Torun, Poland: The Western Rust will get its world premiere on Wednesday at a Polish film festival, three years after its cinematographer was killed...
Gaza: The Israeli occupation forces (IOF) murdered at least 43,972 Palestinian civilians and injured at least 104,008 others since the beginning of th...