France does not get to decide whether a free trade deal between the EU and South America’s Mercosur bloc goes ahead — only Brussels does, Brazilian President Luiz Inacio Lula da Silva said on Wednesday.Lula added firmly: “I intend to sign this agreement this year.”Brazil’s position, stressed by Lula in a speech on Brazilian industry, …
Brussels, not Paris, will decide EU-Mercosur trade deal: Lula Read More »
European stock markets mostly retreated Wednesday on concerns Europe could be the next tariffs target for US president-elect Donald Trump, who has announced a tough-negotiating hawk as his trade envoy.Trump plans to hit China, Canada and Mexico with hefty tariffs from January.”Investors are growing increasingly concerned that Donald Trump’s next tariff target is continental Europe,” …
German car giant Volkswagen said Wednesday it would sell its operations in China’s Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.The firm will sell its factory in Xinjiang’s capital Urumqi as well as a test track in Turpan to a Chinese company, a spokesperson said, citing “economic reasons” …
Volkswagen to sell operations in China’s Xinjiang Read More »
German car giant Volkswagen said Wednesday it would sell its operations in China’s Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.The firm will sell its factory in Xinjiang’s capital Urumqi as well as a test track in Turpan to a Chinese company, a spokesperson said in a press …
Volkswagen says to sell operations in China’s Xinjiang Read More »
A Malaysian court on Wednesday allowed corruption charges in one of several cases linked to the scandal-wracked 1MDB sovereign wealth fund against jailed ex-prime minister Najib Razak to be dropped, his lawyer said.Najib is currently in jail after being convicted in one of five cases related to 1MDB from which billions of dollars had been …
Malaysia drops charges against ex-PM Najib in 1MDB-linked Abu Dhabi case Read More »
Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.The stuttering performance followed a broadly negative day on Tuesday and came despite another record-breaking lead from Wall …
Asian markets mixed as traders eye fresh trade tensions Read More »
India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a …
Adani Group says it lost nearly $55 bn as US charges sparked rout Read More »
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.The communist state’s first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.VinFast shares have fluctuated wildly since debuting on …
Vietnamese EV maker Vinfast reports $550 million Q3 loss Read More »
Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes.A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later. The move …
Negotiations on a first global treaty to curb plastic pollution are moving “very, very slowly”, diplomats and observers told AFP on Wednesday, threatening the chances of reaching an agreement.Delegates from nearly 200 countries are meeting in South Korea’s Busan with the goal of reaching a deal by December 1, after two years of talks.But the …
‘Very, very slow’: plastic treaty talks grind forward Read More »
