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Daily News Digest: Trump Tells the European Union To Make a ‘Large Scale’ Purchase of US Oil and Gas or Face Tariffs

Daily News Digest: Trump Tells the European Union To Make a ‘Large Scale’ Purchase of US Oil and Gas or Face Tariffs

Source:Evan Vucci/AP Photo/picture alliance

December 23, 2024 -- Today’s top stories: Trump tells the European Union to make a 'large scale' purchase of US oil and gas or face tariffs, Google pushes back on US bid to force Chrome sale, proposes licensing restrictions instead, Qualcomm claims trial win in dispute with Arm over chip design licenses, and Tesla is recalling 700K vehicle over tire issue.

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Daily News Digest: Trump Tells the European Union To Make a ‘Large Scale’ Purchase of US Oil and Gas or Face Tariffs

By CommonWealth Magazine
web only

Trump tells the European Union to make a 'large scale' purchase of US oil and gas or face tariffs

US President-elect Donald Trump has threatened to impose tariffs on the European Union (EU) unless the bloc purchases more American oil and gas. in a post on his truth social platform, Trump said he told the EU to make up its deficit with the United States by the large-scale purchase of American oil and gas.

The EU is already the biggest buyer of US energy exports, according to US government data.

Trump has pledged to impose hefty tariffs on three of the United States' largest trading partners, Canada, Mexico, and China, when he takes office on January 20.

Reference Sources

  1. dwen - Trump tells EU to boost US energy imports or face tariffs
  2. businessinsider - Trump tells the European Union to make a 'large scale' purchase of US oil and gas or face tariffs
  3. euronews - Trump threatens trade tariffs unless Europe buys a lot more US oil and gas
  4. thestar - Trump adds Europe to the list of U.S. trade partners he’s threatening with tariffs
  5. aljazeera - Trump threatens tariffs if EU doesn’t buy more oil and gas from US

Google pushes back on US bid to force Chrome sale, proposes licensing restrictions instead

Alphabet's Google has proposed new limits to Revenue-Sharing agreements with companies including apple which make Google's search engine the default on their devices and Browsers.

These suggestions stem from the US search giant's ongoing antitrust battle over its online search business. In August, US District Judge Amit Mehta ruled that Google illegally crushed its competition in search - a decision the company vowed to appeal. In a legal filing submitted Friday, Google said it should be allowed to continue entering into those contracts with other companies while widening the options it offers.

These options include allowing different default search engines to be assigned to different platforms and browsing modes.

Google's suggested remedies also call for the ability for partners to change their default search provider at least every 12 months.

  1. latimes - Google proposes altering contracts to correct illegal search monopoly
  2. thejakartapost - TheJakartaPost
  3. philstar - Google counters bid by US to force sale of Chrome
  4. bbc - Google suggests fixes to its search monopoly
  5. malaymail - Google pushes back on US bid to force Chrome sale, proposes licensing restrictions instead

Qualcomm claims trial win in dispute with Arm over chip design licenses

Qualcomm has won a long-running dispute with arm over its acquisition of chip company Nuvia in 2021.

A US jury largely ruled in its favor on Friday, concluding that Qualcomm did not violate the terms of an agreement covering Arm’s chip products acquired in a US$1.4Bn purchase of Nuvia by incorporating the technology in its chips without paying a higher licensing rate. Jurors were not able to agree on whether Nuvia breached the license.

After the jury delivered its partial verdict on Friday, the Delaware federal judge overseeing the case told arm and Qualcomm to talk to a mediator. Arm's shares were down 1.8% in extended trading after the news, while Qualcomm's shares were up 1.8%.

Reference Sources

  1. nikkei - Qualcomm secures trial win against Arm over chip design licenses
  2. bussinesstimes - Qualcomm defeats Arm’s claim over chip design licence breach
  3. cna - Qualcomm secures key win in chips trial against Arm
  4. cna - US jury deadlocked in Arm trial against Qualcomm, still deliberating
  5. ft - Qualcomm claims trial win in dispute with Arm over chip design licences

Tesla is recalling 700K vehicle over tire issue

(Source: Shutterstock)

Tesla is recalling almost 700,000 vehicles due to an issue with the vehicle's tire pressure monitoring system, according to the National Highway Traffic Safety Administration (NHTSA).

The recall includes certain 2024 Cybertrucks, model 3 cars from 2017-2025, and 2020-2025 model Y cars.

According to the NHTSA, the tire pressure monitoring system's warning light on the affected vehicles may not remain illuminated between drive cycles, meaning drivers may not know they their tire pressure is low, which could lead to tire lowouts and potentially cause crashes and injuries.

Reference Sources

  1. independent - Tesla is recalling 700K vehicle over tire issue
  2. yahooen - Nearly 700,000 Tesla vehicles have been recalled. How to find service centers in NY
  3. mirror - Tesla issues major recall of almost 700,000 vehicles as key warning system fault identified
  4. apnews - Tesla Recall Highlights Demand for Reliable Vehicle Transport Services During Holiday Season
  5. aawsat - Tesla Recalling Almost 700,000 Vehicles due to Tire Pressure Monitoring System Issue

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.


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