ASIA

TL/DR - The Inflation Reduction Act (IRA) introduced in the US is unlikely to prevent companies from expanding abroad because businesses flourish through competition and not regulation or subsidies, says the chairman of Chinese battery maker Gotion High Tech. Even as the IRA, an anti-inflation measure that offers tax benefits based on…

TL/DR - Hurricane Idalia hit Florida as a Category 3 storm, prompting millions to evacuate or shelter in place due to the life-threatening storm surge predicted. The hurricane, which grew in strength over the Gulf of Mexico's warm waters, caused destructive winds and torrential rain, with coastal flooding forecasted to reach up to 16 feet deep.…