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Honda investing $40 billion over next decade in massive shift to electric vehicles - fox29.com - China - Japan - city Tokyo, Japan
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Honda investing $40 billion over next decade in massive shift to electric vehicles
TOKYO (AP) - Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday.The products and services in the works will account for more than half of its 8 trillion yen ($64 billion) research and development budget in that time and will be tailored for each major market, the U.S., China and Japan.Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024.By 2027, also under its alliance with GM, Honda plans to offer an affordable electric vehicle that’s competitive with gas-powered models in performance and pricing.Top automakers are accelerating electric car offerings amid pressing concerns about climate change, while also employing new kinds of fuel, such as biofuel and hydrogen-powered fuel cells.Honda will launch 30 EV models globally by 2030, targeting production of more than 2 million vehicles a year, according to the maker of the Accord sedan, Asimo robot and Gold Wing motorcycles.They will span the whole range of models, from tiny vans to muscular sportscars."We will continue to deliver the kind of fun in driving that our customers have come to expect from Honda," said Chief Executive Toshihiro Mibe.In China, where the move to electric vehicles is especially bullish, Honda is introducing 10 new EV models by 2027.Toshihiro Mibe, president and chief executive officer of Honda Motor Co., pauses during a news conference in Tokyo, Japan, on Tuesday, April 12, 2022.
Justin Trudeau - Chrystia Freeland - Canada bans foreign home buyers for two years to cool market - fox29.com - Usa - state California - Canada - Russia - county Ontario - Ukraine - Ottawa, county Ontario
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Canada bans foreign home buyers for two years to cool market
Justin Trudeau, Canada's prime minister, left, and Chrystia Freeland, Canada's deputy prime minister and finance minister, hold copies of the federal budget in Ottawa, Ontario, Canada, on Thursday, April 7, 2022. Freeland is imposing a one-time windf Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.The government announced a two-year ban on foreign home buying as well as higher taxes for people who sell their home within a year, though both measures include multiple exceptions including for permanent residents and foreign students.RELATED: California home prices have more than tripled in these citiesThe budget also includes billions for new housing and measures to help Canadians trying to get into the market, including a new savings account and changes to the first-time home buyers tax credit.The government is under pressure to cool an overheated market after prices climbed by more than 20% last year, while rental rates have also been rising.The federal Liberal government is also promising $500 million Canadian (US$397 million) in additional military aid to Ukraine as well as more humanitarian and financial support to Kyiv in response to Russia’s invasion.RELATED: First-time homebuyer? Real estate experts offer advice in crazy marketCanada responded to months of pressure from the NATO military alliance and others by promising more than $8 billion Canadian (US7.2 billion) in new military spending over the next five years.
Joe Biden - Jens Stoltenberg - Volodymyr Zelenskyy - US to accept up to 100,000 Ukrainian refugees, expand Russia sanctions - fox29.com - Usa - city Brussels - Washington - city Washington - Russia - Poland - Ukraine
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US to accept up to 100,000 Ukrainian refugees, expand Russia sanctions
File image - Women with children are seen outside the main railway station in Przemysl, southeastern Poland, near the Polish-Ukrainian border, as refugees from Ukraine wait to get on buses to other destinations in Poland, on March 24, 2022, following WASHINGTON - The United States will expand its sanctions on Russia in response to the invasion of Ukraine, targeting members of the country’s parliament and the central bank’s gold reserves, the White House announced Thursday. At the same time, Washington will increase its humanitarian assistance by welcoming 100,000 Ukrainian refugees and providing an additional $1 billion in food, medicine, water and other supplies.The White House announced the initiatives as U.S. President Joe Biden and world leaders gathered in Brussels for a trio of summits in response to the Russian invasion, seeking new ways to limit the economic and security fallout from the conflict.Ukrainian President Volodymyr Zelenskyy addressed the day's first meeting, an emergency NATO summit, where he called for "military assistance without limitations." He pleaded for anti-air and anti-ship weapons, asking "is it possible to survive in such a war without this?""It feels like we’re in a gray area, between the West and Russia, defending our common values," Zelenskyy said during the video address.
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