China has called on the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4. The EU has imposed provisional duties of up to 38.1% on imported Chinese-made EVs while investigating alleged subsidies to Chinese EV manufacturers. Beijing is eager to avoid another tariff war, as seen with the U.S., but
China has expressed its desire for the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles after agreeing to engage in new discussions. In a statement released on Saturday, China’s commerce minister Wang Wentao and Valdis Dombrovskis, executive vice president of the European Commission, have decided to commence talks regarding
The Bank of Japan held discussions in June regarding the possibility of a near-term interest rate hike, with one policymaker advocating for an immediate increase to address the risks of inflation surpassing expectations. The meeting summary revealed a growing awareness within the board of the escalating inflationary pressure in the world’s third-largest economy. This heightened
The Australian government has recently announced plans to introduce legislation that would hold major supermarket chains accountable for complying with an industry code of conduct. This move comes in response to concerns that suppliers have been facing unfair pricing practices from these large retailers. Under the new legislation, supermarket chains with more than A$5 billion
As the final trading week of the first half of the year commences in Asian markets, there is a mixed sentiment prevailing. From an equity perspective, Asia’s scorecard appears reasonably positive, while the outlook is more somber when viewed through a currency and bond lens. Chinese markets, in particular, are facing challenges as they strive
In a surprising turn of events, U.S. prosecutors are pushing for criminal charges to be brought against Boeing after it was found that the planemaker violated a settlement related to two fatal crashes involving the 737 MAX jet. The recommendation comes as a shock to many, as Boeing had previously reached a settlement agreement in
Chancellor Olaf Scholz of Germany’s coalition government recently announced in a television interview that his administration will prioritize its social agenda while also providing military aid to Ukraine. Despite facing budget negotiations, Scholz emphasized the government’s dedication to defending and further developing the welfare state in Germany. The coalition, comprising the Social Democrats (SPD), pro-business
In the ever-changing landscape of the U.S. stock market, two key factors have been driving investor sentiment – the debate surrounding the Federal Reserve’s interest rate policy and the ongoing artificial intelligence frenzy. Amidst all this uncertainty, Wall Street analysts are on the lookout for stocks with solid fundamentals and promising long-term growth prospects. According
The recent decline in prices of the renowned Chinese alcohol brand “Flying Fairy” has raised concerns about the state of the economy. Wholesale prices of the 53% alcohol produced by Kweichow Moutai have plummeted by over 5% within a week, marking a substantial decrease of more than 30% since reaching a peak in September 2021.
Over the weekend, Magnolia Pictures’ Thelma raked in an impressive $2.2 million across 1,280 screens, marking it as the distributor’s widest release so far. Despite featuring a 93-year-old star, the film managed to attract a broad audience proving that age is just a number when it comes to captivating storytelling. With a mix of humor