EU Probes into Chinese Subsidies and Imports

July 4 Reuters The European Union will impose tariffs of up to 37.6 from July 5 on imported electric vehicles made in China, ratcheting up trade tension with Beijing, in a latest effort to protect homegrown manufacturers. It has also launched probes into whether Chinese clean tech producers are dumping subsidised goods on EU markets and whether […]
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Japanese Stocks Gain Biggest Weekly Foreign Inflow in 212 Months

July 4 Reuters Foreign purchases boosted Japanese stocks last week amid a weakening yen and global enthusiasm for artificial intelligencelinked companies, which tempered concerns about the Bank of Japan39;s policy outlook. According to exchange data, crossborder investors snapped up Japanese stocks worth a net 604.93 billion yen in the week ending June 28, marking their […]
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Major Gulf Markets Gain on US Rate Cut Hopes

July 4 Reuters Most major stock markets in the Gulf rose in early trade on Thursday following soft U.S. labour market data that buoyed investor expectations of interest rate cuts later this year. Data on Wednesday showed signs of a weakening U.S. labour market, with unemployment claims increasing to 238,000, suggesting that the Fed could start cutting […]
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Tesla Cars for First Time on Chinese Govt Purchase List

SHANGHAI, July 4 Reuters Tesla39;s bestselling Model Y was included in a list of electric and plugin hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla39;s cars have been made eligible for government purchases […]
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German Environmental Authorities Approve Tesla Site Expansion

BERLIN, July 4 Reuters Environmental authorities in the German state of Brandenburg, where Tesla has its gigafactory, have approved the U.S. electric vehicle maker39;s application to expand its Gruenheide plant, another hurdle cleared in the carmaker39;s growth plans. The approval initially allows Tesla to set up an asphalted logistics area for new vehicles, as well […]
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Ericsson Shares Fall after another 1B Vonage Impairment Charge

STOCKHOLM, July 4 Reuters Telecom equipment maker Ericsson has recorded another billiondollar impairment charge for its acquisition of cloud communications firm Vonage in 2021, sending its shares down 2 in early trade. Dubbed as one of its largest deals in history, Ericsson splurged 6.2 billion in cash to buy Vonage to help it target enterprise customers as it […]
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