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Delta Air Lines (DAL.N) and Aeromexico asked U.S. authorities to extend the proposed termination of their antitrust agreement to March 28 next year from October 25, the documents showed.Mercedes-Benzs chief executive warned that global competition, U.S. tariffs and the EUs 2035 gasoline ban will lead to the collapse of Europes auto industry.On August 13, Apple supply chain analyst Ming-Chi Kuo said in a research report that the MacBook Pro equipped with the M5 chip may not be released until 2026. In the report, Kuo mentioned that the A20 chip of the iPhone 18 will be packaged using WMCM (wafer-level multi-chip module) technology. This technology integrates the so-called "fill and mold process" to improve production efficiency and increase yield rate. Yield rate refers to the percentage of functional chips that can be obtained from each silicon wafer. However, Kuo Ming-Chi pointed out that the high-end M5 chip in 2026 (most likely the M5Pro and M5Max chips) will still retain independent fill and mold processes during the production process. He mentioned that the 2026 time node is particularly critical because there have been rumors that the MacBook Pro equipped with the M5 chip will be released at the end of 2025.U.S. Federal Trade Commission (FTC): The companies agreed to "avoid future anticompetitive agreements with state regulators."U.S. Federal Trade Commission (FTC): Collaboration involving Daimler Trucks, International Motors, Paccar and Volvo Group raises antitrust concerns.

Erdogan Rival's Lights Are Turned Off After He Refuses to Pay Increasing Electricity Costs

Charlie Brooks

Apr 22, 2022 09:38

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"This is not an incitement to civil disobedience; this is a call to resist. This is a battle for your civil rights. My battle is to be a voice for the families and children who have been abandoned, "Kemal Kilicdaroglu, Chairman of the Republican People's Party, stated as he sat alongside his wife in their Ankara home lit by a gas lamp.


"My wife and I will be in the dark for a week... I shall sit in the darkness in order to feel my people's anguish "Additionally, he said.


In March, annual inflation increased to 61%. Numerous commentators attribute the economic instability to President Tayyip Erdogan's last-minute interest rate cuts.


Kilicdaroglu said in February that he would cease paying his power bills and urged the government to reverse the price increases.


He noted earlier on Thursday that power rates, which increased by between 50% and 125% at the start of 2022, have increased by more than 400% in three years.


Kilicdaroglu stated that over 4 million Turkish users lost electricity in 2021, without providing a source for the statistic.


Erdogan's popularity has suffered as a result of the inflationary increase in the run-up to the June 2023 national elections, in which Kilicdaroglu is seen as a possible presidential candidate.


Years of double-digit inflation, along with the latest spike, have eaten away at family savings and wages. Shopkeepers, local councils, and a religious community organization have all expressed concern over growing energy costs.


Last year, the lira fell 44 percent versus the dollar, owing mostly to monetary easing that started in September amid growing inflation. Through Turkey's strong reliance on imports, the devaluation fueled inflation.


The easing cycle was part of Erdogan's new economic policy, which seeks to stimulate exports, lending, and investment while also reducing inflation, according to the government.