EU
China urges France to get EU to arrive at palatable EV trade solution
European leaders have struggled to formulate a unified Sino-European strategy, with some states echoing U.S. calls for a complete disassociation — or decoupling — while others have preferred a softer, derisking approach. Thomas Trutschel | Photothek | Getty Images China has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European […]
Read More
Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. Yves Herman | Reuters Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three […]
Read More
China tells carmakers to pause investment in EU countries backing EV tariffs, Reuters reports
Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. Nick Carey | Reuters China has told its automakers to halt big investment in European countries that support extra tariffs on […]
Read More
Zelenskyy calls on allies ‘not to hide,’ respond to North Korean involvement in war
Ukraine’s President Volodymyr Zelenskyy addresses lawmakers as he presents the so-called ‘Victory Plan’ during a parliament session, amid Russia’s attack on Ukraine, in Kyiv, Ukraine October 16, 2024. Andrii Nesterenko | Reuters Ukrainian President Volodymyr Zelenskyy called on allies on Tuesday “not to hide” and to respond to evidence of North Korean involvement in Russia’s war in […]
Read More
Auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
Carlos Tavares, chief executive officer of Stellantis NV, beside a Citroen C5 Aircross Concept automobile at the Paris Motor Show in Paris, France, on Monday, Oct. 14, 2024. Bloomberg | Bloomberg | Getty Images PARIS, France — Several of Europe’s biggest carmakers unveiled low-cost electric vehicles (EVs) at the Paris Motor Show this week, seeking […]
Read More
China-led regional group calls for countering protectionist policies, sanctions
The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty Images A China-led 10-state regional group criticized what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over tariffs on Chinese products. The Shanghai Cooperation Organization, a […]
Read More
Europe stocks end choppy week higher; UK economy returns to growth in August
Europe stocks follow Wall Street higher S&P 500 opens little changed The S&P 500 opened little changed Friday, but headed for a fifth consecutive winning week. The Nasdaq Composite dipped 0.3%, while the Dow Jones Industrial Average gained 140 points, or 0.3%. — Samantha Subin Siemens Energy up 3.8% Shares of Siemens Energy rose 3.8% […]
Read More
Russia is on a ‘sustained mission’ to create mayhem on Europe’s streets, UK spy chief says
MI5 Director General Ken McCallum. Danny Lawson – Pa Images | Pa Images | Getty Images The head of Britain’s domestic spy agency on Tuesday accused Russian military intelligence of being on a “sustained mission” to cause mayhem in Britain and Europe. In a rare public speech from MI5’s counter-terrorism operations center in London, MI5 […]
Read More
Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
Read More
Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating […]
Read More