Today: June 19, 2024
Today: June 19, 2024

Economy

Business|Economy|Technology

China's Nio expects second-quarter EV sales to more than double

Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000.

China's Nio expects second-quarter EV sales to more than double
Business|Economy|Technology

What will happen to Tesla CEO Elon Musk's $56 billion pay package?

A Tesla shareholder vote on Thursday on whether to reinstate CEO Elon Musk's $56 billion pay package that was shot down by a Delaware judge will not provide

What will happen to Tesla CEO Elon Musk's $56 billion pay package?
Business|Economy

All about rates

A look at the day ahead in European and global markets from Rae Wee The Reserve Bank of Australia (RBA) on Tuesday kept rates on hold, flagging stubborn domestic price pressures - a common theme that

All about rates
Economy|News|Political

US SEC sues over alleged bogus bailout of Richard Branson's Virgin Orbit

A Texas man was sued by the U.S.

US SEC sues over alleged bogus bailout of Richard Branson's Virgin Orbit
Business|Economy

Greece to set up its first sovereign wealth fund, reform posting, bus services

Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance

Greece to set up its first sovereign wealth fund, reform posting, bus services
Business|Economy|News

European shares advance as French political concerns subside

European shares closed higher on Tuesday, supported by a slip in government bond yields as investor concern over French political woes

European shares advance as French political concerns subside
Business|Economy

Toyota shareholders re-elect chairman despite governance concerns

Toyota Chairman Akio Toyoda and nine other members of the automaker's board were re-elected at an annual general meeting on Tuesday,

Toyota shareholders re-elect chairman despite governance concerns
Economy|Political|Technology|World

US pushes Netherlands, Japan to further restrict chipmaking equipment to China

A U.S. official was heading to Japan after meeting with the Dutch government to try to push allies to further restrict China's ability to produce cutting-edge

US pushes Netherlands, Japan to further restrict chipmaking equipment to China
Business|Economy

BOJ debated weak yen's impact on inflation, April minutes show

Bank of Japan policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if

BOJ debated weak yen's impact on inflation, April minutes show
Business|Economy|Technology

Embraer sees India, Saudi Arabia, EU, US as strategic defense markets

Brazilian planemaker Embraer sees India, Saudi Arabia, the European Union and the United States as strategic markets for its defense unit as it

Embraer sees India, Saudi Arabia, EU, US as strategic defense markets
Economy|News|Political

EU criticizes France for excessive debt, putting pressure on Macron during election campaign

The European Union’s executive arm is criticizing France for running up excessive debt, a stinging rebuke at the height of the election campaign where President Emmanuel Macron is fighting off challenges of the extreme right and the left

EU criticizes France for excessive debt, putting pressure on Macron during election campaign
News|Opinion|Political

Immigrant families rejoice over Biden's expansive move toward citizenship, while some are left out

Hundreds of thousands of immigrants had reason to rejoice when President Joe Biden unveiled a highly expansive plan to extend legal status to spouses of U.S. citizens but, inevitably, some were left out

Immigrant families rejoice over Biden's expansive move toward citizenship, while some are left out
Business|Economy

Stock market today: Global stocks are mixed after Wall Street edges to more records

Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession

Stock market today: Global stocks are mixed after Wall Street edges to more records
Business|Economy

UK pay deals tick higher in May, Brightmine survey shows

The value of pay deals handed out by British employers inched higher in the three months to May, according to a survey on Wednesday that underlined how pay growth - a major driver of

UK pay deals tick higher in May, Brightmine survey shows
Economy

With election looming, UK's governing Conservatives seize on inflation fall to 2% target

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

With election looming, UK's governing Conservatives seize on inflation fall to 2% target
Business|Economy|Technology

Chinese automakers seek retaliatory tariffs on EU cars, state media reports

Chinese automakers have urged Beijing to retaliate against Brussels' decision to place curbs on Chinese electric vehicle exports by raising tariffs on imported European gasoline-

Chinese automakers seek retaliatory tariffs on EU cars, state media reports
Economy

Dollar steadies, sterling eases ahead of inflation data

The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling dipped ahead of a

Dollar steadies, sterling eases ahead of inflation data
Business|Economy|Travel

WestJet Airlines cancels flights expecting union strike

WestJet said on Wednesday it has started cancelling and consolidating flights as it prepares for a strike by its aircraft maintenance engineers and other technical operations employees.

WestJet Airlines cancels flights expecting union strike
Business|Economy|Technology

Extended offers dampen excitement for China's mid-year e-commerce festival

China's mid-year e-commerce sales festival failed to stir up a great deal of excitement among shoppers, industry experts said, even as major platforms

Extended offers dampen excitement for China's mid-year e-commerce festival
Business|Economy

Kaisa chairman returns to Shenzhen to meet regulators, sources say

The chairman of defaulted Chinese developer Kaisa Group returned to mainland China from Hong Kong for the first time in almost a decade to get regulatory

Kaisa chairman returns to Shenzhen to meet regulators, sources say
Economy|News|Political

Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion

The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year's $1.695 trillion gap as the largest outside the COVID-19 era, the Congressional Budget

Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion
Business|Economy|Technology

What is at stake for China-founded e-commerce giant Shein as EU rule looms

Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual

What is at stake for China-founded e-commerce giant Shein as EU rule looms
Business|Economy|Food|Technology

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain

Europe's biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain
News|World

At D-Day commemoration, Biden pledges continued Ukraine support

U.S.

At D-Day commemoration, Biden pledges continued Ukraine support
News|Political|World

Russia and North Korea sign partnership deal that appears to be the strongest since the Cold War

Russian President Vladimir Putin and North Korean leader Kim Jong Un have signed a new partnership that includes a vow of mutual aid if either country faces “aggression.”

Russia and North Korea sign partnership deal that appears to be the strongest since the Cold War

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