The state-run Global Times newspaper reported on Wednesday that Chinese automakers have pushed Beijing to increase taxes on imported European gasoline-powered automobiles as retaliation for Brussels' move to impose restrictions on Chinese electric vehicle exports.   The article stated that...

Fed policymakers, encouraged by recent statistics, are carefully moving towards what most anticipate would be one or more interest rate cuts by the end of this year. They are waiting for more evidence that inflation is slowing down as well as any red flags from a robust labour market.   Fed...

In an exclusive interview with CNBC, a Chinese official said that Europe's investigation of Chinese electric cars was extremely selective, to the point where the findings are not reliable.   Last week, the European Commission declared that, beginning of July 4, imports of Chinese electric...

For the first time in over two years, the primary stock market in the UK reclaimed its position as the most valued in Europe, according to statistics. According to Bloomberg statistics, the overall value of firms listed on the London Stock Exchange (LSE) surpassed the $3.13tn total value of...

Wealthy Chinese are resuming their purchases of Hong Kong investment goods including insurance and high-yield time deposits as a way to protect their money from a potential decline in the country's economy and real estate market as well as a depreciating currency.   The trend started to show...

Currently the third-largest oil importer and consumer in the globe, India is expected to become the main driver of the world's oil demand in the second half of this decade, according to a statement released by the International Energy Agency (IEA) on Wednesday. India is expected to boost its oil...

The Bank of Japan decided to maintain the current key interest rate. According to a statement from the Japanese Central Bank, commercial banks' short-term interest rates on deposits continued to vary between 0% and 0.1% annually. Experts anticipated that the rate would not change. The Central...

The automotive company Stellantis will shift some of its production of electric vehicles from China to Europe in the event that more taxes are levied on Chinese-made automobile imports into the European Union. Stellantis CEO Carlos Tavares told investors during a meeting that the company is...

Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the...