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① Iran 1. Iranian Presidential Palace: Internet access will not be permanently restricted. 2. Iranian Vice President denies oil spill at Kharg Island oil facility. 3. Iranian Foreign Minister Araghchi arrives in India to attend the BRICS Foreign Ministers Meeting. 4. Iranian Navy Admiral Siari: The US defeat in the Iran war will go down in history. 5. Iranian Foreign Minister: Anyone who colludes with Israel and attempts to create division will be held accountable. 6. Iranian Foreign Minister: Kuwait illegally attacked an Iranian vessel and detained four Iranian citizens in the Persian Gulf. Demands immediate release of the Iranian citizens. ② Israel 1. Israeli military says offensive operations continue in the Gaza Strip. 2. Israeli military says it struck 40 Hezbollah targets in Lebanon in the past day. 3. Israel Defense Forces leader: The Israel Defense Forces are ready to resume combat if necessary. 4. US media: During the Iranian bombing campaign, the head of the Israeli intelligence agency Mossad visited the UAE to coordinate operations. 5. The Israeli Prime Ministers Office issued a statement claiming that Netanyahu secretly visited the UAE during the Iran war; the UAE denies this. ③ Strait of Hormuz 1. Greek Prime Minister: Disruptions to navigation in the Strait of Hormuz are disrupting global energy markets. 2. South Korean Defense Minister: Will assess phased participation in escort operations in the Strait of Hormuz. 3. Iranian military spokesperson: Control of the Strait of Hormuz will bring us economic benefits equivalent to twice our oil revenue. 4. Iranian Vice President Reza Aref: Irans rights over the Strait of Hormuz are established, and there is no need for further discussion. 5. US Central Command: The US military has forced 67 merchant ships to change course, rendered 4 ships incapacitated, and allowed 15 humanitarian aid ships to pass through the Strait of Hormuz. ④ Ceasefire Negotiations 1. Iran says the US demands are unacceptable. 2. Vance: US-Iran negotiations are making progress. Currently focusing on diplomatic channels. ⑤ Other Situations 1. Israeli military says offensive operations are still underway in the Gaza Strip. 2. Kuwait accuses Iran of "armed infiltration" of Bubiyan Island; Iran says patrol boats suffered "navigational malfunctions." 3. Iranian media: Iranian opposition camps north of Erbil, Iraq, were attacked by drones. 4. Sources say Saudi warplanes attacked Iranian-backed militia strongholds in Iraq during the war. 5. Gaza Peace Committee Senior Representative Mladenov: A 15-point plan on Hamass transition in Gaza has been drafted. 6. The UN Under-Secretary-General was questioned and detained for 45 minutes at an Israeli airport; the UN responded that Israel attributed the incident to human error.Musk: SpaceX requires that Starlink not have those annoying portal pages. Starlink WiFi must be usable effortlessly every time, just like connecting to the internet at home.The Saudi Defense Minister met with British National Security Advisor Jonathan Powell. They reviewed relevant issues of Saudi-British cooperation and discussed coordinated efforts to address regional challenges and de-escalate tensions.On May 14th, European Central Bank President Christine Lagarde stated that EU leaders must demonstrate courage and strengthen the EUs institutional foundations. In her speech, Lagarde emphasized the work done by her predecessor, Mario Draghi, in enhancing European competitiveness. She called on European leaders to implement Draghis recommendations and "break free from complacency." Lagarde and other ECB officials have repeatedly urged European governments to strengthen Europes economic and political foundations and enhance its autonomy. Last year, she stated that delaying measures to boost growth and allowing prosperity to continue to slip away was not only disappointing but also "irresponsible." Earlier this year, the ECB Governing Council called for "urgent collective action" to strengthen Europe, emphasizing the need to establish a savings and investment union, advance a digital euro, deepen the single market, introduce policies to promote innovation, and simplify legislation.Fitch Ratings expects BP (BP.N) to reach the lower end of its $14 billion to $18 billion net debt target range by the end of 2026. The Iran war has had a limited impact on BPs operations, but its credit profile is expected to be positively affected by rising oil and gas prices.

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.