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June 8 news, local time on June 8, the General Staff of the Ukrainian Armed Forces reported that the Ukrainian Armys drone system unit successfully destroyed a set of Russian militarys active "Buk-M3" air defense missile systems and their ammunition reserves. The Ukrainian General Staff stated that after the Ukrainian military operator discovered the system, he first paralyzed its mobility through technical means, then "illuminated" the target for a long time, and finally carried out a precise strike to cause the ammunition carried by the system to explode, completely destroying the air defense system. The Ukrainian General Staff stated that the "Buk-M3" air defense system is Russias modern air defense system that can intercept aerial targets up to 70 kilometers away.On June 8, the British government announced that it would spend 86 billion pounds (about 834.2 billion yuan) in the next few years to support research and development in multiple fields to promote employment and economic growth and ensure that British scientific research is in a leading position in the world. The announcement said that Chancellor of the Exchequer Rachel Reeves is scheduled to announce the above plan when she makes a fiscal spending review report on the 11th. The plan involves many fields such as new drugs, batteries, and artificial intelligence.On June 8, Spanish central bank president and ECB Governing Council member Ales Creva said that the current baseline assumptions guiding the ECBs monetary policy may need to be adjusted. In an interview with El País on Sunday, he pointed out: "In an environment full of uncertainty, it is crucial to maintain policy flexibility. Our current baseline scenario - GDP growth of about 1% and inflation of 2% - may require some fine-tuning if it is verified by data." He specifically mentioned that some of the uncertainty stems from the policy direction of US President Trump, which may cause inflation to fluctuate in both directions. Ales Creva expressed "high recognition" of the ECBs gradual strategy, emphasizing that the strategy is "based on continuous evaluation of data and does not pre-commit to any interest rate path."June 8, European Central Bank Executive Board member Schnabel believes that now is a good time to strengthen the euros global position as investors turn to Europe. At the 31st Dubrovnik Economic Conference on Saturday, she asked a group that there is a "window of opportunity" to increase the international role of the euro. Earlier in the same conference, she said there were signs that investors were looking at the European continent to diversify their portfolios, which she called a "positive confidence effect."ECBs Schnabel: Now is the right time to enhance the status of the euro.

Tesla discloses efforts to advocate for a facility in Canada

Aria Thomas

Aug 10, 2022 10:43

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Tesla (NASDAQ:TSLA) Inc is pressing the Ontario government to create an "advanced manufacturing factory" in Canada, according to a document with the province's Office of the Integrity Commissioner.


According to the company's July 18 filing, its Canadian business is engaging with the government to "examine opportunities for industrial facility permitting enhancements."


Tesla and the ministry of economic development, job creation, and trade in Ontario did not immediately respond to requests for comment.


In May, the Canadian Minister of Industry, Francois-Philippe Champagne, announced that "very active negotiations with a number of stakeholders" were taking place in order to construct an EV supply chain in Canada.


Elon Musk, CEO of Tesla, joked to shareholders last week, "We've got a lot of Canadas, I'm half Canadian, maybe I should" in reference to the company's expanding output.


According to him, the company "may be able" to announce a new facility by the end of the year, and in the future, it may have ten to twelve gigafactories. Two of Tesla's production sites are located in the United States, while one each is located in Germany and China.


By sourcing components and producing vehicles closer to home, electric-vehicle makers in the United States are aiming to diversify their supply chains and lessen their reliance on China, the world's largest supplier of EV batteries.


Such efforts might be boosted by a $430 billion bill passed by the U.S. Senate on Sunday, which restricts automakers' use of Chinese-made parts by progressively increasing the percentage of battery components imported from North America.


After 2023, vehicles with batteries containing Chinese components may no longer be eligible for the credit, and restrictions may be placed on the supply of critical minerals.

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