German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States, Sueddeutsche Zeitung newspaper said on Wednesday, citing a search warrant issued by a Stuttgart court. Two months ago Stuttgart prosecutors searched Daimler sites in Germany following allegations of false advertising and the possible wrongful […]
Read moreA French court ruled on Wednesday that Google was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes demanded by the French authorities. The Paris administrative court ruled that Google Ireland Limited was not subject to corporate and value-added taxes for the period 2005-2010, striking down the tax administration’s demands for back […]
Read moreCurrency, United States Finance
Europe to open higher after Yellen comments; Daimler seen down by 3.5%, Trump to visit France
European stock markets are set to open higher on Thursday morning as investors eye new earnings reports and look ahead to more comments from U.S. Federal Reserve Chair Janet Yellen who will testify to Congress for a second day. The DAX is set to gain 21 points to open at 12,648. The U.K.’s FTSE and […]
Read moreThere’s plenty of room to grow for the start-up environment in China, according to the head of Chinese drone maker EHang, who told CNBC on Wednesday that the U.S. is still ahead in most areas of innovation and technology. “The U.S. is a more mature market, people spend more time working on fundamental technologies, while […]
Read moreDomestic demand, instead of exports, will drive economic growth in the second half of 2017 — a shift that bodes well for Southeast Asian countries, Credit Suisse said as it turned more optimistic on the region’s banking sector. The bank said in a report this week that the export boost from China has peaked and […]
Read moreDanielle Weisberg and Carly Zakin, co-founders and co-CEOs of The Skimm, made a gutsy gamble five years ago. They bet that one of the big problems with the news business was the tone. Media outfits took themselves too seriously, and weren’t speaking to young people. The pair’s solution? The Daily Skimm, a newsletter targeting millennial […]
Read moreChina reported a 11.3 percent on-year increase in exports and a 17.2 percent on-year rise in imports in June in dollar terms, according to Reuters. That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion. Analysts polled by Reuters had expected exports […]
Read moreThe United States notified South Korea on Wednesday it plans to start negotiating amendments to a five-year-old free trade agreement with Seoul and called a meeting to kick off the talks for next month. The announcement came months after U.S. President Donald Trump said he would either renegotiate or terminate what he called a “horrible” […]
Read moreChina’s imports from North Korea dropped 13.2 percent in January-to-June to $880 million, data from Chinese customs showed on Thursday. Exports to North Korea rose 29.1 percent to $1.67 billion during the period, the data showed. China’s trade with North Korea expanded by 10.5 percent to $2.55 billion in the six months. The exports were […]
Read moreChinese trade with North Korea jumped 10% in the first half of this year, according to China Customs
China Customs said Thursday that the country’s overall trade with North Korea had grown 10 percent in the first half of the year. Imports from North Korea actually fell 13.2 percent to $880 million, it said, but exports to the pariah state jumped 29 percent to $1.67 billion. The announcement came amid a broader release […]
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