Sanjiang Electric, part of Uniplus, has received safety certifications from Underwriters Laboratories (UL) and Canadian cUL, allowing the sale of their 15kV-25kV transformers in North America. This marks a key step in their international growth.

Tesla’s financial challenges deepened Wednesday with a sharp drop in second-quarter earnings and revenue, underscoring a tough year marked by falling sales, brand challenges, and growing competition.

President Donald Trump’s aggressive trade strategy, executed alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, continues to reshape international economic relationships. Japan exemplifies this dynamic: after facing a 15% tariff—down from an initial 25%—Tokyo publicly expressed gratitude while committing to US$550 billion in US investments, with America retaining 90% of profits.

Elon Musk’s AI company, xAI, aims to exponentially increase its computing power to the equivalent of 50 million Nvidia H100 GPUs within five years. This ambitious plan raises concerns about the feasibility of managing the energy demands involved.