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EU’s extra tariffs of up to 35.3% on Chinese EVs angers Beijing

The EU’s decision to impose hefty tariffs on Chinese-made electric cars prompted anger from Beijing on Wednesday, after an anti-subsidy probe concluded China’s support undercut European automakers.The extra taxes have been controversial, with strong opposition from Germany and Hungary amid fears of provoking China’s ire and setting off a bitter trade war.Beijing slammed the European …

EU’s extra tariffs of up to 35.3% on Chinese EVs angers Beijing Read More »

EU slaps extra tariffs of up to 35.3% on Chinese EVs

The EU on Tuesday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support undercut European automakers. The extra taxes have been controversial, with strong opposition from Germany and Hungary amid fears of provoking China’s ire and setting off a bitter trade war.Beijing previously slammed the European Union’s “unfair” and …

EU slaps extra tariffs of up to 35.3% on Chinese EVs Read More »

EU slaps extra tariffs of up to 35.3% on Chinese EVs

Global stocks mixed as markets await Big Tech results

Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings.In New York, the Nasdaq shot to a fresh record while the Dow pulled back. Bourses closed mostly lower in Europe.Shares of Google parent Alphabet rose in after-hours trading following its earnings …

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Kyiv announces new mobilisation drive as Russia advances

Global stock markets diverge with eyes on megatech results, rates

Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings, and as bond yields rose.In midday trading in New York, the Dow was lower, the wider S&P little changed, and the tech-heavy Nasdaq higher. Shares closed mostly lower in Europe.Alphabet reports …

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Russia claims Ukraine mining hub as concern rises over N.Korean troops

Three-person crew to blast off for China’s Tiangong space station

Global stock markets slip with eyes on megatech results, rates

Global stock markets mostly slipped Tuesday ahead of a slew of US economic data releases and tech earnings, and as bond yields rose.The main US stock indexes were slightly lower after the start of trading, giving up their gains from Monday. Shares were also mostly lower in Europe. Yields on 10-year US Treasuries have inched up …

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