Western, Chinese consumers divided on electric, self-driving cars -survey
Automakers, ride-hailing and technology companies plowing money into the development of electric, self-driving and shared car services will find more enthusiastic consumers in China than in Europe and the United States, a survey on Thursday showed.
Japan launches $122 billion stimulus to fight trade risks, post-Olympic slump
Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
Stocks keep the faith, sterling gallops higher
Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week’s UK election will lead to a smooth Brexit.
GM, LG Chem to announce EV battery joint venture in Ohio
South Korea’s LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors .
FCA challenges Italy tax agency over value of U.S. business
Fiat Chrysler has challenged a claim by Italy’s tax authorities over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days ahead of an expected key merger agreement with Peugeot owner PSA .
Wall Street’s high-stake bets on calm less risky than they seem
At a glance, a near-record accumulation of speculative bets on market tranquility looks like it couldn’t have come at a worse time.
Gazing into the recession crystal ball
The protracted trade war between China and the United States and a deteriorating global growth outlook have left investors nervous that the longest expansion in American history is at risk of ending.
UK’s Javid: chances of ending Brexit transition without EU trade deal are remote
Britain is unlikely to cut off ties to the European Union at the end of 2020 without having a free trade deal in place, finance minister Sajid Javid said on Thursday.
BP increases stake in Lightsource BP to 50% from 43%: statement
BP is increasing its stake in Lightsource BP to 50% from its current 43%, the solar energy developer said in a statement on Thursday.
China maintains tariffs must be reduced for phase one trade deal with U.S.
Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Chinese commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal.
