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Apple iPhones are now among Indiaâs top five exports. Smartphone exports nearly doubled to $10.9 billion in the past year (Apple accounts for half!), blazing past the previous yearâs $5.4 billion.
Former Italian prime minister Silvio Berlusconi died. He was one of the most influential figures in the countryâs republican history, and the most consequential of the past three decadesâneither of which was for the better.
US trade regulators are coming after Microsoft and Activision Blizzard. Their $69 billion proposed tie-up is facing a block from the Federal Trade Commission, according to CNBC.
JPMorgan is settling with Jeffrey Epsteinâs victims like Deutsche Bank did. The worldâs largest bank was facing a lawsuit that accused it of turning a blind eye to the late human traffickerâs dealings, despite warning signs.
Fun fact: Montanaâs kids are suing for climate protections
Some of the plaintiffs of Held v Montanaâa lawsuit in the US state of Montana that ââdeals with the constitutional right to a âclean and healthful environmentââare so young that they wonât even testify during the trial. But most of the 16 youths, ranging in age from two to 18 at time of filing, are expected to testify this week in the first US trial of its kind. The case aims to establish a governmental duty to protect citizens from climate change, like the Dutch pulled off in 2019.
Nio reluctantly drives into the EV price wars
Joining Chinaâs electric vehicle price war wasnât on Nioâs itinerary, but six price cuts from Tesla alone this year have made some detours unavoidable.
The Chinese EV maker is trimming $4,200 from its price tags to rev up competition with Tesla, BYD, and others. Itâs also getting rid of its free battery swap program. But what is the third most attractive EV stock in China with a $13 billion valuation trying to fend off, exactly? Well, there are a few roadblocks:
đ Luxury EV maker Lucid is hungry, and wants a slice of Chinaâs auto market
đ€ Tesla has made its cars nearly 50% cheaper in China than they are in the US
đ± BYD, Chinaâs largest EV company, had some BIG profit growth last yearâlike, 446%
One big number: 30
The number of people in the UK who will receive ÂŁ1,600 ($1,984) a month for the next two years as part of a universal basic income pilot
How many pilots like this do we really need to prove giving away money works? Quartzâs Tim Fernholz explains what these experiments can and canât teach us.
Quartz most popular
đ New York Cityâs food delivery workers will be the first in the country to get a minimum wage
đ«„ Thousands of subreddits are going dark for at least two days
⥠The White House is trying to persuade Tesla to keep the USâs EV charging standard alive
đđŸ Women are quitting Indiaâs biggest IT firm as it ends work-from-home
đ€ OpenAI CEO Sam Altman is expanding his road show to shape AI regulation around the globe
đ§ What kind of government documents was Trump holding at Mar-a-Lago?
Surprising discoveries
Successioncore is filling closets. Wearers of taupe suits and cashmere sweaters are all about that soft power.
A $3.4 million luxury Speedmaster watch was found to be fake. It looked real enough to fool its maker.
A warmer planet is making plane rides much bumpier. Instances of severe turbulence are up 55% from 1979 to 2020 for North Atlantic trips.
Avoiding short-term indulgences doesnât make you happy or healthier in the long-term. In fact, giving into short-term desiresâstrategically, that isâmay improve our wellbeing. In other words: eat the cake.
Donât throw away that creepy doll in your grandparentsâ basement. It could sell for $66,000 at an auction.
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