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Jun 1, 2022 7:05 PM - THE CANADIAN PRESS

Ford CEO sees electric vehicle price war as EV costs decline

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Ford's chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000.

CEO Jim Farley told the Bernstein Strategic Decisions Conference on Wednesday that the $25,000 electric vehicle will democratize EVs.

Currently it costs way more to build an EV than one with a gas engine. But Farley said big cost reductions are coming with new battery chemistries that use fewer precious metals such as nickel and cobalt. Plus, he said EVs will take less time and labor to build, saving more money. Ford also plans to cut distribution and advertising costs.

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Nikki Haley supports India's action against Pakistan

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American Republican leader Nikki Haley has supported India's action against Pakistan. She said that Pakistan has no right to play the victim card here, no country can be given the right to support terrorism. Nikki Haley said that dozens of Indians were killed in the terrorist attack in India's Pahalgam, so India has every right to retaliate and take steps for its security. It is noteworthy that Nikki Haley is a former governor of South Carolina and has been the US ambassador to the United Nations during President Donald Trump's first term. She was the first Indian-American to be appointed

Pakistan launches several drone and missile attacks in Punjab

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Pakistan launched several drone and missile attacks in Punjab on Thursday night. The Pathankot airbase was targeted, a drone attack took place in Jalandhar. However, India's air defense system destroyed them in the sky. So far, there is no report of any damage in the attack. Drone movement has also been seen in Bathinda. The Indian air defense system shot down all the drones and missiles fired towards Pathankot airbase and Jammu airport. There are reports of two Pakistani F-16 fighter jets also being destroyed during the attack.

Robert Prevost, first pope from US in history of the Catholic Church, takes the name Leo XIV

Robert Prevost, first pope from US in history of the Catholic Church, takes the name Leo XIV

Robert Prevost,an missionary who spent his career ministering in Peru and took over the Vatican’s powerful office of bishops, waselected the first popefrom the United States in the 2,000-year history of the Catholic Church. Prevost, a 69-year-old member of the Augustinian religious order, took the name Leo XIV. In his first words as Pope Francis’ successor, uttered from the loggia of St. Peter's Basilica, Leo said, “Peace be with you,” and emphasized a message of peace, dialogue and missionary evangelization. He wore the traditional red cape of the papacy — a cape that Francis had es

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