HONG KONG (Reuters) - China's Ministry of Commerce said on Thursday that China would initiate an expiry review of anti-dumping measures on imports of European Union toluidine, used for dye, pharmaceuticals and pesticides.
(Reporting by Farah Master and the Beijing newsroom; Editing by Christian Schmollinger)
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
The Society of Motor Manufacturers and Traders said 67,625 new cars were registered by private consumers in June.
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
French mining group Eramet and China's Tsingshan on Wednesday inaugurated a lithium production plant in Argentina to supply the booming electric car industry. The plant is not a traditional mine nor one of the environmentally damaging salt flats from which the metal used in electric batteries is normally extracted in South America's so-called lithium triangle of Argentina, Bolivia and Chile.
U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. CDK said most dealers were back up by Tuesday afternoon, but companies such as General Motors said the problem pushed some deliveries into the third quarter. Discounts vary by demand for vehicles, with smaller, less-expensive models and gas-electric hybrids generally being in shorter supply.
The average price of a litre of petrol at UK forecourts fell from 150.1p on April 24 to 144.5p at the end of last week, but has stabilised since then
It took a year of wrangling with the European Commission for Germany's Lufthansa to gain approval to buy 41% of Italy's ITA Airways, and only after it accepted big concessions. While the deal expands Lufthansa's footprint in the lucrative southern European market, the combined group will have to cede some routes and slots to rivals for it to proceed. Industry executives, investors and experts say greater scrutiny of such tie-ups by European regulators and demands for remedies could deter major airlines from further deals.
Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was announced by Turkmenistan's foreign ministry, which did not state the monetary worth of the contract. The ministry's statement said Iranian companies will construct a new 125-kilometer (77-mile) pipeline to Iran to expand Turkmenistan's delivery capacity.
Oil prices were edging higher as reports of a larger-than-expected draw in U.S. crude stockpiles signals solid demand during the summer driving season in the world's top consumer. Brent crude and WTI were both up 0.3% to $86.55 and $83.11 a barrel, respectively, after reaching their highest level in more than two months in the previous trading session. Crude inventories fell by 9.16 million barrels last week, according to reports citing figures from the American Petroleum Institute ahead of official data later on Wednesday.
The Indian market has shown robust growth, rising 1.7% in the last week and achieving a remarkable 45% increase over the past year, with earnings projected to grow by 16% annually. In such a thriving environment, dividend stocks that offer consistent payouts can be particularly appealing to investors looking for both stability and growth potential.
BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built state subsidies.
Over the past year, the Australian market has shown a steady increase of 7.5%, maintaining a flat trajectory in just the last week, with expectations for earnings to grow by 13% annually. In this environment, dividend stocks like Lindsay Australia can be particularly appealing for their potential to offer both stability and income growth.
(Bloomberg) -- The owner of Saks Fifth Avenue is close to acquiring Neiman Marcus Group for $2.65 billion, according to a person familiar with the matter — a deal that would unite America’s two largest high-end department-store chains in a bid to grab a bigger share of a slowing industry.Most Read from BloombergBiden Struggles to Contain Mounting Pressure to Drop Out of RaceHouse Democrats Consider Demanding Biden Withdraw From RaceKamala Harris Is Having a Surprise Resurgence as Biden’s Campaig
Drivers are being warned fuel prices are on the rise again amid rising oil costs and suggestions motorists are still getting a raw deal. The AA declared on Tuesday that a 10-week run of falling pump prices had come to an end. The motoring group said while average costs were still locked at levels seen last week, a growing number of forecourts were imposing hikes to pump costs due to higher oil and wholesale charges.
"We are all left utterly bereft and heartbroken. We are grateful for the outpouring of grief, love and support we have received from his innumerable friends"
Mark Williams-Thomas, a former police officer, has provided an update after speaking with family, friends, and witnesses.
Britain's 'most tattoed mum' made an appearance on This Morning in nothing but a white bikini to show off all of her tattoos, but fans all say 'it's her choice'
Half an hour before England’s European Championship begins, the DJ at Trabrennbahn Gelsenkirchen gets serious. There is space for 40,000 fans at this racecourse-turned-fanzone but punishing rain and an exodus to the stadium has thinned the crowd. Perhaps 2,000 remain and the site now resembles Glastonbury on the Sunday of a wet year.
A shocking animal protest displaying a 'dead dog being roasted on a stick has left Henley Royal Regatta attendees 'stunned'. The daring stunt, which revealed a lurcher dog 'being cooked' under a banner that read 'The Great Dog Roast', occurred at the Henley Royal Regatta at Henley-on-Thames, Oxfordshire, yesterday (3 July). The prestigious rowing event, attended by celebrities and royalty alike, attracted crowds of 300,000 spectators - and many were left 'horrified' to see the unusual delicacy: a dog roast. The stunt, in which a silicone model of a dog was used, was organised by the UK’s leading vegan campaigning charity, Viva! in a bid to 'challenge the perception that it’s socially acceptable to eat some animals but not others'. Viva!’s founder & director, Juliet Gellatley, said: “This Viva! stunt pushed boundaries and had the desired effect of shocking thousands of people into facing the reality that eating pigs, cows and other animals isn’t so different to eating dogs.
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