Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters.
The European Central Bank said on Wednesday it signed a memorandum of understanding with the People’s Bank of China to update their existing cooperation in central banking.
Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on Tuesday showed.
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory pressure as the backlash to a brutal price war grows.
Oil prices softened on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.
Demand for palm oil from India and China is expected to increase in coming months as recent price corrections provide attractive entry points for the big buyers, an industry expert said on Tuesday.
The Chinese practice of selling brand new cars as heavily discounted second-hand vehicles to get rid of inventory should be ended, the official newspaper of the country’s governing Communist Party said in an article published on Thursday.
Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China’s export curbs, said a person who attended a company investor call.
Some of China’s top beauty brands such as Proya and S’Young are exploring acquisitions of smaller foreign rivals to expand their portfolios and replicate the success of global leaders like L’Oreal or Estée Lauder amid slowing growth at home.
The sale of two ports near the Panama Canal to a global consortium led by Mediterranean Shipping Company (MSC) threatens the canal’s principle of neutrality, the canal’s head Ricaurte Vasquez told the Financial Times.
