Tesla moves first to hike prices in China as trade war hits car makersUS carmaker Tesla Inc (TSLA.O) has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in respons...
European exporters in China shift trade to avoid US tariffsEuropean companies that export from China are changing the global flow of their goods to avoid higher American tariffs, a business group said Tuesday, in a sign of the spreading impact of the US-Chine...
China’s factory-gate prices rise in JuneChina's factory price inflation rose in June, the government said Tuesday, as a trade war threatens producers in both of the world's top two economies. The producer price index (PPI) rose 4.7 percent...
Economy perks up slightly as Bank of England nears rate decisionBritain' economy picked up a bit of speed in May after slowing in early 2018, according to official figures that are likely to give the Bank of England more confidence about raising interest rates nex...
Grab launches grocery delivery service in race for growthGrab unveiled a grocery delivery service on Tuesday, betting the firm's extensive network of 7.1 million drivers, agents and merchants will help steer the company as it expands beyond its core ride-ha...
UK economy shows strength in May after construction bounceThe British economy expanded by 0.3 percent in May from the previous month, a strong performance that is likely to further bolster expectations that the Bank of England will raise interest rates next...
Trump trade tremors dampen confidence in German economyA survey of investor confidence in the German economy has fallen to its lowest level since August 2012 on fears of an international trade war. The ZEW index fell to minus 24.7 points in July, from min...
China’s Didi, Germany’s Continental to develop connected vehiclesChinese ride-sharing company Didi Chuxing said on Tuesday it signed an agreement with German automotive supplier Continental AG to jointly develop connected vehicles and design purpose-built electric...
China’s Xi pledges $20 billion in loans to revive Middle EastChinese President Xi Jinping on Tuesday pledged a package of $20 billion in loans, and about $106 million in financial aid, to Middle East nations, as part of what he called an "oil and gas plus" mode...