ASIA

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Tesla, the electric vehicle giant owned by Elon Musk, is reportedly "not interested in manufacturing in India," according to the country’s heavy industries minister. The statement came on Monday as India released detailed guidelines for a new scheme aimed at boosting EV manufacturing. This marks the first public acknowledgment by India that it has struggled to attract investment from Tesla despite offering incentives since March.

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In its most significant trade deal since leaving the European Union, the UK has agreed to a free trade agreement with India, following negotiations that were relaunched in February amid US tariff threats. Britain has been actively pursuing new trade partnerships worldwide since its departure from the EU, a need that has become even more critical after the United States implemented tariffs that risk weakening global economic growth.

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Contemporary Amperex Technology Co. Ltd. (CATL), China's EV battery titan, made a bold statement on May 20 with a $4.6 billion Hong Kong listing—the world's largest this year. The move signaled not just investor confidence but also a calculated pivot toward global markets amid intensifying geopolitical friction.

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Science-fiction-sounding rumor that China’s disrupted Earth’s rotation now can spread like crazy, but one should keep its sense of proportion in its place. NASA reports that China’s stunning Three Gorges Dam did slow down the rate at which Earth was spinning on its axis by mere minutes.

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In an effort to improve safety and reduce overcrowding on Mount Everest, Nepal will only issue climbing permits to those with experience scaling at least one of the Himalayan nation's 7,000-meter peaks, according to a draft of a new law. The move comes after criticism of Nepal for allowing too many climbers, including inexperienced ones, to attempt the 8,849-meter peak.