EU antitrust regulators opened an investigation on Tuesday into Insurance Ireland’s data pooling system, concerned that conditions set by the association to access the system may block rivals in violation of EU competition rules.
Volkswagen shares rose on Tuesday after the group said it would press ahead with listing its Traton trucks unit, in what is set to be Germany’s biggest share offering so far this year.
China’s foreign ministry said on Tuesday that it hopes the United States does not underestimate its determination to protect its interests, even as Washington threatened to extend tariffs to virtually all Chinese imports.
Nissan Motor Co forecast a 28% drop in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
China and the United States have agreed to keep talking about their trade dispute, the Chinese government said on Tuesday, as U.S. President Donald Trump said he thought recent discussions in Beijing would be successful.
U.S. investment bank JPMorgan said on Tuesday it was difficult to see British Prime Minister Theresa May surviving beyond the end of June.
World stocks hovered near two-month lows on Tuesday, although slightly more optimistic comments from U.S. and Chinese officials on trade brought some comfort a day after equities suffered their worst selloff so far this year.
Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policymaker said on Tuesday.
China’s foreign ministry said on Tuesday that it hopes the United States does not underestimate its determination to protect its interests, even as Washington threatened to extend tariffs to virtually all Chinese imports.
Huawei is a private company that is not controlled by the Chinese government and would refuse to hand over information to Beijing although no such request has been made, the firm’s Vice President of Western Europe said on Tuesday.
Volkswagen will use proceeds of an initial public offering of its Traton trucks unit to invest in the “internationalization” of the division, Chief Executive Officer Herbert Diess said on Tuesday.
Starbucks and Mercon Coffee Group separately announced sustainability-focused loan facilities on Monday, signaling the coffee sector’s growing emphasis on sustainability as climate change and low global prices threaten the future of the crop.
Fresh volleys in the U.S.-China tariff war pressured Asian shares on Tuesday, but comments from U.S. President Donald Trump that he expects trade negotiations to be successful eased some worries.
Volkswagen shares were up 2.7% in early trade on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year.
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country’s metal reserves largely unknown and only a few facilities to process minerals and produce batteries.
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