Article content (Bloomberg) — China has lodged a complaint with the World Trade Organization over the European Union’s decision to impose anti-subsidy duties on Chinese electric vehicles, escalating a dispute that’s straining their already fraught relationship. Beijing brought the case to the WTO’s dispute settlement mechanism on Friday, according to a statement from the Ministry […]
Article content (Bloomberg) — Electric vehicles and plug-in hybrids likely surpassed 50% of all vehicles sales in China for the first time in July, even as the overall number of cars sold fell, marking a key milestone in the country’s auto market. Sales of electric vehicles and plug-in hybrids, which are counted under the category […]
Article content (Bloomberg) — South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P Global Market Intelligence. These challenges have left Africa’s most industrialized economy struggling to sustain growth for the last decade. READ: South Africa Can Fix Backlogged Ports in a Year, Minister Says […]
Article content Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute. Theft rates of the affected automobiles soared after thieves discovered that certain car models lacked engine immobilizers, an anti-theft technology that has […]
Article content (Bloomberg) — In the picturesque Bavarian city of Augsburg, 500 homes will soon be kept warm using excess heat from a nearby Rolls Royce Solutions factory. In Leipzig, a similar project involving a TotalEnergies SE refinery received federal funding last month. The efforts mark part of a broader push to turn Germany’s massive […]
Article content (Bloomberg) — Infineon Technologies AG Chief Executive Officer Jochen Hanebeck said that “full-scale recovery is not yet in sight” after the hoped-for resurgence in the electric vehicle market was delayed. Sales fell 9.5% to €3.7 billion ($4 billion) in the quarter from the same period a year ago, the company said in a […]
Article content TOKYO (AP) — Japan’s Nikkei 225 stock index plunged more than 12% on Monday as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares. The Nikkei index fell 4,451.28 points to 31,458.42. It dropped 5.8% on Friday and has now […]
Breadcrumb Trail Links PMN Business Searing temperatures wreak havoc on transit and power lines Author of the article: Bloomberg News Nacha Cattan and Sri Taylor Published Aug 05, 2024 • 6 minute read Commuters at the New Jersey Transit train platform at Penn Station in New York on June 18. Photographer: Yuki Iwamura/Bloomberg Photo by […]
Breadcrumb Trail Links PMN Business A slice of Abu Dhabi has come to El-Arish, a small city in Northern Sinai about 50 kilometers from Gaza. Once rarely visited by outsiders, the coastal spot now teems with Emirati volunteers wearing cargo pants and beige vests adorned with the flag of the United Arab Emirates. Author of […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Gabriela Aoun Angueira And Audrey Mcavoy Published Aug 04, 2024 • 6 minute read Article content LAHAINA, Hawaii (AP) — Josephine Fraser worried her young family’s next home would be a tent. Fraser and her partner, their two sons and their dog […]