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SowetanLIVE
5 days ago
- Automotive
- SowetanLIVE
Trump's copper tariffs pile more metal misery on US car industry
US President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the US car sector as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs, executives and industry experts say. The duties on their own may be manageable, but prices of the red metal vital for making cars, in particular in wire harnesses and motors for electric vehicles, have soared to record highs. The US market is heavily reliant on imported copper, aluminium and steel, and developing new capacity could take years so users are scrambling to buy metal from a limited number of suppliers, spurring price rises. Added to import tariffs on the metals, and higher prices in the US, the extra costs are compounding the financial strain on carmakers and parts suppliers, interviews with a dozen executives, industry analysts and experts show. Carmakers have been relying on inventories to avoid raising prices, but could be forced to pass on mounting import tax costs to consumers. Some, including Ford and Toyota, have announced hikes to mitigate other Trump-induced tariffs, while Porsche expects a €300m (R6,285,306,000) hit to results from tariffs for April and May alone. "This (a copper tariff) complicates a difficult situation" for the car industry, said Daan de Jonge, lead analyst for copper demand and prices at Benchmark Mineral Intelligence. Trump's announcement of the tariff ast week propelled prices on US platform Comex to a record $5,682 (R102,044) a pound (0,453kg) or $12,526 (R225,018) a metric ton, a premium of more than $2,920 (R52,459) a ton over the price on the London Metal Exchange, around $9,600 (R172,469) a ton, which the market uses as the global benchmark. The rate is effective from August 1. The US Midwest duty-paid aluminium premium paid on top of the benchmark LME price for physical delivery has tripled to 60 US cents (R10,71) a pound since Trump was inaugurated. In the same time, the LME price has slipped 3% to $2,604 (R46,783) a metric ton. US top carmakers GM , Ford and Jeep maker Stellantis declined to comment.
The Star
11-07-2025
- The Star
Learn the local rules on your holidays or pay for your actions
Strolling around a holiday resort in a bikini or lighting a cigarette on the beach can come with a hefty fine this summer depending on where you are. Travellers should note these six bans being imposed in some popular places. Ban on bikinis in Albufeira Walking around in just a bikini or swimming togs, or shirtless, can land you in hot water in Albufeira, a popular resort town in the Algarve, southern Portugal, from July. Under the town's code of conduct, tourists can wear swimwear only on beaches and in designated bathing areas, as well as in outdoor hotel areas. Violations will not come with immediate fines, José Carlos Rolo, mayor of Albufeira told Portugal's Lusa news agency. Ahead of the ban, the town ran an awareness-raising and information campaign. After that, offenders can face fines of up to US$2,000 (RM8,459). In Czech Republic and Poland, visitors are not allowed to take photos while in the vicinity of military bases and offices. — Photos: Pixabay Taking photos in wrong places The Czech Republic and Poland have banned photography at all military installations. Tourists are advised to exercise caution at landmarks such as Prague Castle near the Defence Ministry. Offences can result in fines of up to US$4,600 (RM19,456). Watch out for signs reading 'Zakaz fotografovani' meaning 'no photography'. The ban also applies to 25,000 sites across Poland including military facilities, power stations, bridges, tunnels, airports and harbours. Offenders risk 30 days in prison and fines equivalent to up to US$5,400 (RM22,840) and your camera could also be confiscated. If in doubt, do not take any pictures. Sites covered by the rule have signs indicating the ban on photos, according to the British Foreign Office's travel advice on Poland. However, the labelling may be poor or illegible. In many places, like in Italy's Limone sul Garda, drinking alcohol in certain public spaces is illegal so stick to drinking non-alcoholic beverages like a lemonade. Stick to lemonade in Limone sul Garda The picturesque town of Limone sul Garda, on the north-west bank of Italy's Lake Garda, is renowned for its lemon groves, which are terraced on the slopes. Anyone exploring Limone might want to stick to lemonade and other non-alcoholic drinks this summer, though. A ban on drinking alcohol in public parks, gardens and on pavements, introduced in April, will remain in force until Nov 1, 2025. Offenders risk fines of up to US$570 (RM2,410). Campers, beware in Greece Greece has banned campers from pitching tents on the beach, so forget the idea of spending a night gazing out at the sea. The ban also includes parking caravans and motorhomes and applies to beaches, coastal strips, forests and archaeological sites, according to the British Foreign Office. Parking in residential areas for more than 24 hours, except in specially designated car parks, is also forbidden. The ban, which came into force in May, is checked regularly and people face penalties accordingly, say members of Germany's car club ADAC. Offenders risk a US$345 (RM1,459) fine. Many offences like riding a motorbike without a helmet or using a mobile phone while driving come with hefty fines under Greece's new road traffic code. No smoking on French beaches Under a new law banning smoking in public spaces including parks and gardens, lighting a cigarette on beaches is forbidden all over France from July 1, according to French Health Minister Catherine Vautrine. The ban is to protect young people, she said, adding: 'The freedom to smoke ends where children's right to clean air begin.' Offenders risk fines of US$155 (RM656). No free photos for divers in Thailand Scuba divers must have a special permit to take photographic equipment along on dives in order to protect Thailand's fragile coral reefs and the marine ecosystem off the coast. The Thai government requires divers to have an Advanced Open Water Certificate or be able to prove at least 40 deep dives in their logbook, its website says. Although fines are not mentioned, guides and tour operators are required to terminate dives immediately in the event of violations. – dpa
Yahoo
03-06-2025
- General
- Yahoo
Diamondbacks try to break road losing streak, face the Braves
Arizona Diamondbacks (28-31, fourth in the NL West) vs. Atlanta Braves (27-31, fourth in the NL East) Atlanta; Tuesday, 7:15 p.m. EDT PITCHING PROBABLES: Diamondbacks: Zac Gallen (3-7, 5.53 ERA, 1.40 WHIP, 66 strikeouts); Braves: Spencer Strider (0-3, 4.50 ERA, 1.29 WHIP, 15 strikeouts) Advertisement BETMGM SPORTSBOOK LINE: Braves -147, Diamondbacks +124; over/under is 8 1/2 runs BOTTOM LINE: The Arizona Diamondbacks will aim to end their five-game road losing streak in a matchup against the Atlanta Braves. Atlanta has a 17-11 record at home and a 27-31 record overall. Braves pitchers have a collective 3.66 ERA, which ranks 10th in the majors. Arizona is 28-31 overall and 13-14 in road games. The Diamondbacks have a 15-8 record in games when they did not allow a home run. The teams play Tuesday for the fourth time this season. TOP PERFORMERS: Matt Olson leads the Braves with 12 home runs while slugging .459. Marcell Ozuna is 13 for 36 with two home runs and three RBIs over the last 10 games. Advertisement Eugenio Suarez leads the Diamondbacks with 16 home runs while slugging .509. Lourdes Gurriel Jr. is 14 for 39 with two doubles and four RBIs over the last 10 games. LAST 10 GAMES: Braves: 3-7, .247 batting average, 3.06 ERA, outscored opponents by four runs Diamondbacks: 2-8, .251 batting average, 5.55 ERA, outscored by 16 runs INJURIES: Braves: AJ Smith-Shawver: 60-Day IL (calf/elbow), Stuart Fairchild: 10-Day IL (finger), Ignacio Alvarez: 60-Day IL (wrist), Reynaldo Lopez: 60-Day IL (shoulder), Joe Jimenez: 60-Day IL (knee) Diamondbacks: Corbin Burnes: day-to-day (elbow), Eduardo Rodriguez: 15-Day IL (shoulder), A.J. Puk: 60-Day IL (elbow), Jordan Montgomery: 60-Day IL (elbow), Blake Walston: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
The Sun
18-05-2025
- Politics
- The Sun
1,319 recruits first batch to enjoy new salary scheme under SSPA
PORT DICKSON: A total of 1,319 young army recruits who completed their basic training today are the first group to fully benefit from the revised salary scheme under the Public Service Remuneration System (SSPA). Army Chief General Tan Sri Muhammad Hafizuddeain Jantan said the recruits would receive a starting salary ranging from RM1,710 to RM1,930, depending on their academic qualifications, compared to RM1,610 during their training period, which began on Dec 1. 'Previously, (under the Malaysian Remuneration System), their pay was RM1,459. This batch is the first to enjoy the new rates, where diploma holders will earn more than those with Sijil Pelajaran Malaysia (SPM). 'I hope this will encourage more participation from the community, especially diploma holders, to join the army,' he told reporters after the Passing Out Parade for Young Male Soldiers Series 202/2024 here. For this intake, Sarawak recorded the highest number of recruits with 243 individuals. By ethnicity, Malays formed the majority with 1,007 individuals, followed by Bumiputera from Sabah and Sarawak (364), Chinese (five), Indians (18) and Orang Asli (four). Muhammad Hafizuddeain said the army continues to carry out various efforts to boost participation from other ethnic groups, including organising exhibitions and career talks at non-Malay stream schools and engaging Territorial Army Committee members in every state to promote participation among non-Malays. He noted that economic factors may be the main reason for the lack of interest among youths in joining the armed forces, and expressed hope that the implementation of the SSPA would help attract more of them, particularly from non-Malay backgrounds. 'We do not face many issues in Sabah. What we need is more participation from Peninsular Malaysia. I hope the National Service Training Programme (PLKN) will help encourage more youths to consider the armed forces as a career path,' he said. On a separate matter, Muhammad Hafizuddeain said the army would not compromise with any personnel who tarnish the image of the service. This includes a recent case involving a soldier suspected of molesting a student in Melaka. 'The individual is still under police remand. We will follow the outcome of the police investigation and take further action if the individual is found guilty,' he said.
Barnama
18-05-2025
- Politics
- Barnama
1,319 Recruits First Batch To Enjoy New Salary Scheme Under SSPA
PORT DICKSON, May 18 (Bernama) -- A total of 1,319 young army recruits who completed their basic training today are the first group to fully benefit from the revised salary scheme under the Public Service Remuneration System (SSPA). Army Chief General Tan Sri Muhammad Hafizuddeain Jantan said the recruits would receive a starting salary ranging from RM1,710 to RM1,930, depending on their academic qualifications, compared to RM1,610 during their training period, which began on Dec 1. 'Previously, (under the Malaysian Remuneration System), their pay was RM1,459. This batch is the first to enjoy the new rates, where diploma holders will earn more than those with Sijil Pelajaran Malaysia (SPM). 'I hope this will encourage more participation from the community, especially diploma holders, to join the army,' he told reporters after the Passing Out Parade for Young Male Soldiers Series 202/2024 here. For this intake, Sarawak recorded the highest number of recruits with 243 individuals. By ethnicity, Malays formed the majority with 1,007 individuals, followed by Bumiputera from Sabah and Sarawak (364), Chinese (five), Indians (18) and Orang Asli (four). Muhammad Hafizuddeain said the army continues to carry out various efforts to boost participation from other ethnic groups, including organising exhibitions and career talks at non-Malay stream schools and engaging Territorial Army Committee members in every state to promote participation among non-Malays. He noted that economic factors may be the main reason for the lack of interest among youths in joining the armed forces, and expressed hope that the implementation of the SSPA would help attract more of them, particularly from non-Malay backgrounds. 'We do not face many issues in Sabah. What we need is more participation from Peninsular Malaysia. I hope the National Service Training Programme (PLKN) will help encourage more youths to consider the armed forces as a career path,' he said. On a separate matter, Muhammad Hafizuddeain said the army would not compromise with any personnel who tarnish the image of the service.
