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German car manufacturer Daimler has planned to fulfill quotas for car sales on new energy sources in China this year, and next year it will begin to produce electric cars in the country, the head of Daimler China, Hubertus Troska, said. According to him, the company will be able to meet the hard quotas introduced in China for emissions of harmful substances into the atmosphere. He also noted that in China there is still a high demand for MayBach models with an internal combustion engine. About 600 such models are sold annually. Troska also said that Daimler, the partners of which in China are BAIC and BYD, continues negotiations with Chinese holding Geely on possible areas of cooperation.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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