Focus on Trade
Volkswagen weighs wage cuts, bonus reductions in push to save four billion euros: report
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10 per cent wage cut and a two-year wage...
China-led AIIB head criticizes advanced nations for trade barriers
The head of the Asia Infrastructure Investment Bank has said there is "no longer free trade" in the global economy.
G20 affirms commitment to transition from fossil fuels
G20 leaders reaffirmed their pledge to phase out fossil fuels and accelerate climate action for net zero by 2050 after talks.
Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits
Porsche AG may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market.
EU, China agree to more talks on potential alternatives to EV tariffs
The EU and China will soon hold more talks on alternatives to EV tariffs, but significant gaps remain, the EU Commission said.
Sanctions delay to Russian zinc mine causes supply miscalculation, sources say
Sanctions hinder Russia's Ozernoye from ramping up zinc output, risking 2025 supply forecasts amid soaring zinc prices.
Thaw in China ties unlikely to deter India’s plans for steel tariffs, source says
China's surging steel exports spark complaints from a growing number of countries, with some citing harm to domestic manufacturers.
Hyundai Motor’s Q3 operating profit falls 7% from a year earlier
Hyundai warns of slowing demand, posts seven per cent drop in Q3 profit, but maintains 2024 earnings target; shares fall five per cent...
Renault beats Q3 forecasts as new launches lift sales
Renault posted a surprise Q3 revenue rise, driven by demand for new hybrids, despite declining sales volumes amid a tough market.
Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Dassault Systemes cuts 2024 revenue growth forecast again, citing automotive slowdown, amid competitive pressure from rivals.
