Business
Volkswagen's earnings disappoint as shares plunge to 24-year low
Volkswagen’s third-quarter earnings missed expectations, pushing shares to a 24-year low. Europe’s biggest automaker faces rising costs, restructuring expenses, and slowing demand, particularly in China. Challenges in the EV market and regulatory pressures are straining profitability.
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Business
China and EU set for talks aimed at easing tensions over trade tariffs
Amid escalating trade tensions, China’s commerce minister, Wang Wentao, and the European Commission’s trade commissioner, Valdis Dombrovskis, are set to meet this morning in Brussels to discuss trade relations between the two parties.
Business
EU cuts tariff on China-made Tesla vehicles: What impact on prices?
The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs.
Business
Volkswagen hits back at EU tariffs on Chinese electric vehicles
German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.
Tech News
China's shadow loomed over sixth EU-US Trade and Technology Counci
US and EU officials convened last week (4-5 April) for the sixth Trade and Technology Council (TTC) in Leuven to revive post-Trump era discussions. Tightening Sino-Russian relations, unresolved disputes, and potential return of the Republican to the White House cast a shadow over proceedings.
