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Chinese carmakers target more European sales with five-star EVs

By Nick Carey SOLIHULL, England, Nov 21 (Reuters) - Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features. In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings - an achievement that requires loading vehicles with active and passive safety features that go well beyond legal
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European car sales grow in October - ACEA

BERLIN, Nov 17 (Reuters) - European new car registrations jumped in October, data from the region's carmaker association showed on Thursday. The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew by 14.1% to 910,753 units, the European Automobile Manufacturers Association (ACEA) said. In the EU, the rise was 12.2%.
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Putin calls for price controls as Russian car sales crash to record low

(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) (Recasts with Putin comments and wider context) MOSCOW, Nov 16 (Reuters) - President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began.
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Avtovaz: car sales in Russian market could fall below 700,000 in 2022 - RIA

(Corrects to say car sales will fall to (not by) 670,000-700,000 units in headline and lede.) Nov 16 (Reuters) - Russia's top carmaker Avtovaz AVAZI.MM said on Wednesday that car sales across the Russian market were likely to fall to 670,000-700,000 units this year, the RIA news agency reported. New car sales slumped 62.8% year-on-year in October, data showed last week, as falling consumer demand and sentiment and the effect of Western sanctions quashed what had seemed to be the beginnings of a
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Avtovaz: car sales in Russian market could fall by 700,000 in 2022 - RIA

Nov 16 (Reuters) - Russia's top carmaker Avtovaz AVAZI.MM said on Wednesday that car sales across the Russian market were likely to fall by 670,000-700,000 units this year, the RIA news agency reported. New car sales slumped 62.8% year-on-year in October, data showed last week, as falling consumer demand and sentiment and the effect of Western sanctions quashed what had seemed to be the beginnings of a relative recovery in the embattled sector.
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Strikes, protests in Europe over cost of living and pay

(Updates with Spanish, Portuguese strike actions) Nov 14 (Reuters) - European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and demonstrations. BRITAIN * More than 70,000 university staff at 150 British universities will strike for three days in November over pay, working conditions and pensions, the University and College Union (UCU) said on Nov.
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Scholz: Xi opposing nuclear weapons in Ukraine reason enough to visit China

* Must prepare for scenario where ties with China sour * Comments come day after Scholz trip to Beijing * Tells German CEOs to diversify away from China By Andreas Rinke BERLIN, Nov 5 (Reuters) - German Chancellor Olaf Scholz, who was heavily criticised for a trip to Beijing this week, said on Saturday his and Chinese President Xi Jinping's joint statement opposing the use of nuclear weapons in Ukraine had been reason enough for the visit.
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Wall Street Journal - Nov 4

Nov 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Food company General Mills Inc GIS.N , Oreo maker Mondelez International Inc MDLZ.O , Pfizer Inc PFE.N and Volkswagen AG's VOWG_p.DE Audi are among a growing list of brands that have temporarily paused their Twitter advertising in the wake of the takeover of the company by Elon Musk.
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Twitter lays off staff as Musk blames activists for 'massive' ad revenue drop

* Musk axes around half of Twitter's workforce * Employees file class action against Twitter * Staff lose access to systems * Major advertisers pull ads By Sheila Dang, Katie Paul and Paresh Dave Nov 4 (Reuters) - Twitter Inc laid off half its workforce on Friday but said cuts were smaller in the team responsible for preventing the spread of misinformation, as advertisers pulled spending amid concerns about content moderation.
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Europe leans on Asia for 'homegrown' EV batteries

By Nick Carey and Victoria Waldersee LONDON/BERLIN, Nov 3 (Reuters) - Europe's drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market. With the notable exception of Sweden's Northvolt, some startups hoping to build so-called gigafactories to compete with the Asian behemoths are going for smaller plants, with the aim of attracting more investment furt
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Financial Times - Oct 27

Oct 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Traders urge ECB to ease collateral shortage in repo market - Ford-VW driverless car venture folds in face of tech challenges - Pimco and Apollo near deal for Credit Suisse's securitised products unit - Elon Musk visits Twitter headquarters ahead of deal deadline Overview - The International Capital Market Association (ICMA) have w
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Spain frontloads subsidies for electric car projects as VW appears in doubt

MADRID, Oct 21 (Reuters) - The Spanish government vowed more European funds than initially planned to investors in the first phase of support of electric mobility projects, ranging from vehicle batteries to cars, and said it sought to work with Volkswagen after the German automaker reportedly threatened to pull out. Industry Ministry said that the subsidies to be disbursed this year under the so-called PERTE scheme using EU pandemic relief funds would rise to 877 million euros ($860 million) fro
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Financial Times - Oct 20

Oct 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Truss government in disarray as home secretary Suella Braverman quits - VW faces legal action over climate change lobbying activities - Government veto on City rules would be 'serious concern', says Bank of England deputy - Police raid Austrian HQ of Selfridges owner Signa Overview - The UK government, led by Prime Minister Liz Tru
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German car industry baulks at supplier demands over energy hikes

* German car suppliers must soon sign new power contracts for 2023 * Carmakers reluctant to shoulder energy costs * Energy-intensive parts could be sourced from abroad * 'There are no good options' - foundry association By Victoria Waldersee WOLFSBURG, Germany, Oct 14 (Reuters) - Germany's giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter.
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Germany's RWE buys Con Edison clean energy in $6.8 bln U.S. shift

By Christoph Steitz and Thomas Escritt FRANKFURT, Oct 2 (Reuters) - Germany's largest power producer RWE RWEG.DE has agreed to buy Con Edison's ED.N Clean Energy Businesses for $6.8 billion, nearly doubling RWE's renewables portfolio in the United States, the world's second-biggest renewables market. The purchase will be partly funded by RWE issuing a $2.43 billion convertible bond to a Qatar Investment Authority unit, through which the QIA will become a 9.1% shareholder in RWE.
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Volkswagen battery IPO could be next, says CFO

FRANKFURT, Sept 29 (Reuters) - Volkswagen VOWG_p.DE is considering forming partnerships in the next 1-2 years as a first step towards a possible listing of its PowerCo batteries operation, finance chief Arno Antlitz said as the group's sportscar brand Porsche AG listed on Thursday. "We do not rule out an IPO of the battery unit, but the financial flexibility we won today allows us to further strengthen our work in batteries alone.
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Porsche AG's Blume 'very positive' about opening price

By Victoria Waldersee and Emma-Victoria Farr FRANKFURT, Sept 29 (Reuters) - Chief Executive Oliver Blume said he felt very positive about Porsche AG's opening price of around 84 euros ($81.14) on its market debut on Thursday, as the sportscar brand listed in Germany's biggest initial public offering (IPO) in over 25 years. Speaking to Reuters in an interview, Blume brushed aside concerns about his dual role as the head of parent company Volkswagen, saying it was not unusual to lead a brand and a
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Financial Times - Sept 27

Sept 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK government borrowing costs suffer historic rise after hit to gilts Link - UK lenders pause new mortgages amid market turmoil Link - Britain's Labour party stands for 'sound money', Starmer to tell party conference Link - Fed official warns UK tax cuts increase risk of global recession Link - UK retailer Matalan's founder quits
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New York Times business news - Sept 20

Sept 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Ford Motor Co F.N said on Monday that the costs of parts would be $1 billion higher in the third quarter of the year than it had expected because of inflation and shortages of some components.
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British Business - Sept 20

Sept 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Icecream maker Ben and Jerry's founders Ben Cohen and Jerry Greenfield said Unilever PLC's ULVR.L sale of the Israeli business to a local franchisee who could sell products in the West Bank was a violation of their $326 million deal agreed in 2000. Link British Prime Minister Liz Truss will tell the United Natio
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شرائط

مشہور اثاثے

دستبرداری: XM Group کے ادارے ہماری آن لائن تجارت کی سہولت تک صرف عملدرآمد کی خدمت اور رسائی مہیا کرتے ہیں، کسی شخص کو ویب سائٹ پر یا اس کے ذریعے دستیاب کانٹینٹ کو دیکھنے اور/یا استعمال کرنے کی اجازت دیتا ہے، اس پر تبدیل یا توسیع کا ارادہ نہیں ہے ، اور نہ ہی یہ تبدیل ہوتا ہے یا اس پر وسعت کریں۔ اس طرح کی رسائی اور استعمال ہمیشہ مشروط ہوتا ہے: (i) شرائط و ضوابط؛ (ii) خطرہ انتباہات؛ اور (iii) مکمل دستبرداری۔ لہذا اس طرح کے مواد کو عام معلومات سے زیادہ کے طور پر فراہم کیا جاتا ہے۔ خاص طور پر، براہ کرم آگاہ رہیں کہ ہماری آن لائن تجارت کی سہولت کے مندرجات نہ تو کوئی درخواست ہے، اور نہ ہی فنانشل مارکیٹ میں کوئی لین دین داخل کرنے کی پیش کش ہے۔ کسی بھی فنانشل مارکیٹ میں تجارت میں آپ کے سرمائے کے لئے ایک خاص سطح کا خطرہ ہوتا ہے۔

ہماری آن لائن تجارتی سہولت پر شائع ہونے والے تمام مٹیریل کا مقصد صرف تعلیمی/معلوماتی مقاصد کے لئے ہے، اور اس میں شامل نہیں ہے — اور نہ ہی اسے فنانشل، سرمایہ کاری ٹیکس یا تجارتی مشورے اور سفارشات؛ یا ہماری تجارتی قیمتوں کا ریکارڈ؛ یا کسی بھی فنانشل انسٹرومنٹ میں لین دین کی پیشکش؛ یا اسکے لئے مانگ؛ یا غیر متنازعہ مالی تشہیرات پر مشتمل سمجھا جانا چاہئے۔

کوئی تھرڈ پارٹی کانٹینٹ، نیز XM کے ذریعہ تیار کردہ کانٹینٹ، جیسے: راۓ، خبریں، تحقیق، تجزیہ، قیمتیں اور دیگر معلومات یا اس ویب سائٹ پر مشتمل تھرڈ پارٹی کے سائٹس کے لنکس کو "جیسے ہے" کی بنیاد پر فراہم کیا جاتا ہے، عام مارکیٹ کی تفسیر کے طور پر، اور سرمایہ کاری کے مشورے کو تشکیل نہ دیں۔ اس حد تک کہ کسی بھی کانٹینٹ کو سرمایہ کاری کی تحقیقات کے طور پر سمجھا جاتا ہے، آپ کو نوٹ کرنا اور قبول کرنا ہوگا کہ یہ کانٹینٹ سرمایہ کاری کی تحقیق کی آزادی کو فروغ دینے کے لئے ڈیزائن کردہ قانونی تقاضوں کے مطابق نہیں ہے اور تیار نہیں کیا گیا ہے، اسی طرح، اس پر غور کیا جائے گا بطور متعلقہ قوانین اور ضوابط کے تحت مارکیٹنگ مواصلات۔ براہ کرم یقینی بنائیں کہ آپ غیر آزاد سرمایہ کاری سے متعلق ہماری اطلاع کو پڑھ اور سمجھ چکے ہیں۔ مذکورہ بالا معلومات کے بارے میں تحقیق اور رسک وارننگ ، جس تک رسائی یہاں حاصل کی جا سکتی ہے۔

ہم کوکیز کا استعمال آپکو ہماری ویب سائٹ پر بہتریں تجربہ دینے کیلیے کرتے ہیں۔ مزید پڑھیے یا اپنی کوکی سیٹنگ تبدیل کیجیے۔

خطرے کی انتباہ: آپکا سرمایہ خطرے پر ہے۔ ہو سکتا ہے کہ لیورج پروڈکٹ سب کیلیے موزوں نہ ہوں۔ براہ کرم ہمارے مکمل رسک ڈسکلوژر کو پڑھیے۔