Western automakers are set to lose a fifth of their global market share due to the unstoppable rise of more-affordable, cheaper-to-produce Chinese electric vehicles, according to UBS Group AG analysts.
ECB Chief Economist Philip Lane offered a cautiously optimistic take on inflation, saying slowing in goods and services gauges are welcome and that underlying pressures will keep weakening.
Australia’s central bank kept its key interest rate unchanged and maintained a tightening bias as Governor Philip Lowe wrapped up his final meeting at the helm with inflation in retreat.
China’s housing crisis has engulfed the country’s private developers, producing record waves of defaults and leaving a shrinking group of survivors.
Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund conducts the first review of its $3 billion loan program.
The low-profile yet surprising release of a new phone by Huawei Technologies Co. last week has sparked a hunt for potential beneficiaries, on the bet it represents a jump forward in China’s domestic chipmaking.
Husk Power Systems, owner of the largest fleet of mini-grids in Africa and Asia, has set a target of erecting solar-powered mini-grids in six African nations to bring electricity to 7.7 million people and more than 200,000 small businesses within five years.
Oil’s sharp rally since late June could be erased in the next six months as weakening demand takes over from supply cuts as the main market driver, according to Gunvor Group Ltd.
The European Union plans to take advantage of the absence of Xi Jinping and Vladimir Putin from this week’s Group of 20 to step up its outreach to nations of the so-called Global South, through a high-level meeting with African leaders on the summit’s sidelines.
One corner of crypto has shaken off a prolonged digital-asset slump to come within touching distance of an all-time high.
