General Motors is cutting staff in China as it eyes a restructuring in the world’s largest auto market
The American automaker is competing against Chinese EV makers that are prioritizing production over profit as they try to gain more market share.
Year: 2024
Why Trump’s and Harris’ proposals to stop taxing tips would be hard to do
And, in the end, it likely wouldn’t help millions of low-income workers.
FBI investigating Trump campaign claim that sensitive documents were hacked by Iran
The FBI released a brief statement on the Trump matter reading, “We can confirm the FBI is investigating this matter.”
Investors are so down on China that MSCI is dropping Chinese stocks from its benchmark for the third time this year
MSCI’s changes underscore the increasingly grim prospects for the world’s second-largest economy, as Chinese shares risk losing their outsized presence in emerging market portfolios to peers such as India and Taiwan.
Surprise dip in U.K. unemployment combined with rising GDP signals strengthening economy—unlike the U.S.
While experts forecast a rise, the U.K. jobless rate actually fell 0.2 percentage points to 4.2% in the three months to June.
Philippines, China ‘provisional agreement’ over Second Thomas Shoal subject to future review, official says
By Karen Lema and Mikhail Flores MANILA (Reuters) -The Philippines and China’s “provisional agreement” on...
Ukraine pummels Russia in bid to carve out bigger slice of territory
By Lidia Kelly (Reuters) – Ukraine launched fresh drone attacks on Russia’s border region of...
UK pay growth drops to lowest in nearly 2 years, joblessness falls
LONDON (Reuters) – British average weekly earnings, excluding bonuses, were 5.4% higher than a year...
Porsche SE eyes further investments in “attractive” market environment
FRANKFURT (Reuters) – Porsche SE is in a position financially to consider further investments to...
