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04.12.25 - 00:45
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Trump To Roll Back Biden-Era Fuel Standards, Admin Says It Will Save Americans $109 Billion (ZeroHedge)
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Trump To Roll Back Biden-Era Fuel Standards, Admin Says It Will Save Americans $109 Billion
Authored by Travis Gillmore via The Epoch Times (emphasis ours),
President Donald Trump will eliminate fuel standard regulations imposed by President Joe Biden when he signs an executive order on Dec. 3 in the Oval Office.
Ben Birchall/PA
His directive will reduce the number of miles a vehicle must travel on a mile of gasoline, a move that will mitigate car price increases of about $1,000 and save Americans approximately $109 billion, according to administration officials.
Representatives from Ford, General Motors, and Stellantis are expected to join the president for the signing ceremony.
The National Highway Traffic Safety Administration, a division of the Department of Transportation, oversees the Corporate Average Fuel Economy regulations—enacted by Congress in 1975 to reduce fuel consumption by setting miles per gallon standards for vehicles.
A difference of opinion in recent administrations—wi...
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04.12.25 - 00:42
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Nikkei May Reclaim 50,000-Point Level On Thursday (AFX)
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TOKYO (dpa-AFX) - The Japanese stock market has moved higher in two straight sessions, advancing more than 560 points or 1.1 percent along the way. The Nikkei 225 now sits just above the 49,860-po......
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04.12.25 - 00:36
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Deloitte say Hong Kong primed as treasury hub for China′s go-global push (SCMP)
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Hong Kong can serve as a key treasury centre for mainland Chinese companies going global, helping them hedge foreign exchange risks and lower financing costs by leveraging the city's unique advantages, according to Deloitte China.
The assessment comes as the administration of Chief Executive John Lee Ka-chiu rolls out measures to tap into the growing trend of Chinese companies expanding their businesses and supply chains overseas amid intensifying competition and economic headwinds at......
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