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Business

Chinese car maker BYD on track to beat Honda and Ford sales

BYD, one of the biggest Chinese electric vehicle (EV) producers, has seen higher sales figures through more car trade-ins in China, edging it closer to its 2024 sales target.

Economy

Chinese car makers turn to hybrids to avoid EV tariffs from the EU

Following higher EU tariffs on Chinese electric vehicles, car makers such as BYD, SAIC and Geely have increased their hybrid exports to Europe, in an attempt to boost their European market share in this way.

Business

Chinese online retailer in Temu in hot water as Vietnam halts trading

Temu is being investigated in Europe over suspicions it has been failing to prevent the sale of illegal products.

Business

ASML holds firm on guidance despite new US curbs re China tech

ASML sees a limited impact of the US fresh restrictions on AI chip exports to China and maintains its guidance for 2024 and 2025.

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Europe News

Volkswagen workers on strike over proposed pay cuts and plant closures

The two-hour stoppages included the company's base plant at Wolfsburg, where workers protested against a cost-cutting drive by the car maker's management which includes the threat of plant closures in Germany.

Business

Trump's tariff hikes could speed up China's shift to new markets

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade.

Business

Thyssenkrupp plans to cut total of 11,000 jobs in troubled steel unit

Germany's largest steelmaker is proposing to cut 5,000 jobs from the workforce and outsource another 6,000 as it seeks to cut staff costs by around 10%.

Business

Mercedes reveals plans to cut costs by several billion euros per year

Mercedes has revealed plans for substantial cost cuts of several billion euros in the coming years. However, specific details on how these costs will be reduced and which locations will be affected has not yet been detailed.

Markets

Why do Europe's equity titans lag behind the US Magnificent Seven?

European mega-caps trail US 'Magnificent Seven' amid lack of artificial intelligence gains, while also facing China's slowdown and rising geopolitical risks amid tariff uncertainties.

The Europe Conversation

No U-Turn on Chinese car tariffs, Spain’s finance minister says

In an interview with Euronews’ Europe Conversation, Carlos Cuerpo spoke of the economic impact of recent devastating floods, and how Europe should respond to US President Donald Trump

Europe News

EU foreign affairs chiefs discuss Ukraine after Biden lifts arms veto

The meeting of EU foreign affairs ministers comes a day after Russia launched another massive attack of drones and missiles against Ukraine.

Europe News

EU increasingly convinced Russia is producing lethal drones in China

Diplomats in Brussels have received "convincing" evidence showing Russia has built a factory in China to produce lethal drones.

Markets

Hopes for luxury goods market as China's retail sales surge in October

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks, as China's demand strengthens.

Business

Market winners and losers as Trump secures historic victory

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration.

Europe News

EU-Mercosur trade deal could be 'fair,' Šefčovič promises

Grilled by MEPs on the trade deal with Latin American countries, Slovakia’s Commissioner-designate defended a deal that would satisfy opponents demanding insurances for farmers and transparency.

Europe News

Chinese carmaker SAIC to sue EU over new 45% tariffs

State-owned carmaker SAIC Motor said it will take Brussels to the European Court of Justice to "protect its legitimate rights and interests," as the ongoing trade row escalates into products like brandy, dairy products and chemicals.

Europe News

What's next in the EU-China trade tussle?

EU tariffs on Chinese electric vehicles (EV) came into force on Wednesday, October 30, and will remain in place for the next five years. But what's next in the ongoing trade tussle?

Economy

European tariffs on Chinese electric vehicles: All you need to know

EVs are the latest flash point in a broader trade dispute over Chinese government subsidies. The new levy concerns European car makers too.

Europe News

China takes EU to WTO over 'unreasonable' tariffs on electric cars

Trade frictions between the EU and China escalate as Beijing files a WTO lawsuit over the tariffs imposed on its electric cars.

World News

What would a Trump victory mean for EU-China relations?

The EU has said it wants to de-risk relations with Beijing, but could the bloc face more pressure to toughen its stance if Republican candidate Donald Trump wins next week?