Sales of new cars in Italy fell by 5.11% year-on-year in July, transport ministry data showed on Friday, indicating a persistently weak market in the European Union’s third largest economy.
The Trump administration’s steep import tariff on Brazilian coffee looks set to reshuffle trade routes for beans from the world’s top grower and exporter, benefiting China and incentivizing traders to look for indirect routes into the U.S.
BYD’s vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world’s largest electric vehicle maker.
China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses.
Countries that haven’t negotiated a trade deal or received a tariff letter from the Trump administration will be hearing the from the U.S. about the terms of trade by the end of the day, the White House said on Thursday.
Public-private partnerships could take over two key ports near the Panama Canal if courts invalidate a contract with Hong Kong-based CK Hutchison’s to operate them, Panama’s President Jose Raul Mulino said on Thursday.
Ceconomy expects EU competition authorities to examine JD.com’s plans to take it over, said the German company’s CEO, Kai-Ulrich Deissner, on Thursday.
Microsoft is set to soar past $4 trillion in market valuation for the first time on Thursday, as a blockbuster earnings report helps the tech behemoth become the second company after Nvidia to surpass the milestone.
Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional supply to cash in on higher European prices, according to shiptracking data and industry sources.
