The global slowdown in sales of electric vehicles (EVs), partly due to diverging policies on green incentives, has pushed automakers worldwide to adjust their EV plans. “The measure is necessary due to the current lack of orders linked to the deep difficulties experienced in the European electric (car) market by all producers, particularly the European […]
The survey of around 2,000 people showed that consumer morale “suffered a severe setback” compared to a month earlier, according to pollsters GfK and the Nuremberg Institute for Market Decisions (NIM). The forward-looking indicator fell by 3.4 points to minus 22 points for September, they said in a statement. The “euphoria” triggered by the European […]
Instead, data from the European Automobile Manufacturers’ Association (ACEA) showed that the modest 4.4 percent overall growth in the sales of new cars in Europe came primarily from hybrid vehicles. Sales of hybrids, not including plug-in hybrids, rose by 21 percent to just over 2 million, or nearly 30 percent of the market. Sales of […]
Brent crude futures were down 48 cents, or 0.55%, at $86.86 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 51 cents, or 0.62%, to $83.36 by 0342 GMT, with activity thinned by the U.S. Independence Day holiday. “Geopolitics and weather remain bullish risks, but the underlying physical market strength looks set to […]
China reserves the right to file a suit to the WTO and take all necessary measures to resolutely defend the rights and interests of Chinese companies Beijing’s commerce ministry spokesman He Yadong told a briefing. The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car […]
The European Parliament this week adopted a Resolution calling for a review of Trade Relations with Pakistan and ending its eligibility for the Generalised Scheme of Preferences (GSP) status. The Resolution linked the review to Pakistan’s #Blasphemy Laws; in particular, the case of Shagufta Kausar and Shafqat Emmanuel; who have been on Death row since 2014 […]