Business - Page 2

Germany: Tesla sales plunge almost 60% in January
Germany: Tesla sales plunge almost 60% in January

Germany: Tesla sales plunge almost 60% in January

Observers have linked Tesla’s troubles with CEO Elon Musk’s support for the German far right and US President Donald Trump. Tesla sales plummeted in Germany in January, according to official data, after billionaire Elon Musk threw
4 days ago
US: SEC sues Elon Musk for securities violation over X
US: SEC sues Elon Musk for securities violation over X

US: SEC sues Elon Musk for securities violation over X

US financial regulator has sued Elon Musk for failing to properly disclose his purchase of Twitter shares, a secrecy that allowed him to buy stock at “artificially low prices.” The US Securities
4 weeks ago
Chinese exports rise in December, beating expectations
Chinese exports rise in December, beating expectations

Chinese exports rise in December, beating expectations

China’s trade surplus increased in 2024, with Germany one of the many countries operating at a deficit to Beijing. Chinese factories were rushing to produce as much as possible ahead of Donald
4 weeks ago
Honda and Nissan launch negotiations for historic merger
Honda and Nissan launch negotiations for historic merger

Honda and Nissan launch negotiations for historic merger

Collaboration between the rival Japanese car makers set to create the world’s third-largest automaker by sales. The auto giants are faced with increasing competition from electric vehicles made in China. Honda and
2 months ago
Eurozone inflation rises less than expected, more in Germany
Eurozone inflation rises less than expected, more in Germany

Eurozone inflation rises less than expected, more in Germany

Inflation across the Eurozone continued to rise in November, but less than expected. Germany, however, was among those countries which bucked the trend. Inflation in the European Union’s single currency area has increased for
2 months ago
Nissan, Honda inch closer to possible merger
Nissan, Honda inch closer to possible merger

Nissan, Honda inch closer to possible merger

The two Japanese carmakers confirmed reports that they would be ‘collaborating’ more closely. They were also holding talks with Mitsubishi, with whom they have a parts-sharing agreement for electric vehicles. Japanese car
2 months ago
China retail growth slows, agency calls for 2025 support
China retail growth slows, agency calls for 2025 support

China retail growth slows, agency calls for 2025 support

New Chinese economic performance indicators for November show growth but a slowdown in retail sales despite efforts to incentivize spending. Beijing is bracing for possible impacts of a second Trump term in
2 months ago
China retail growth slows, agency calls for 2025 support
China retail growth slows, agency calls for 2025 support

China retail growth slows, agency calls for 2025 support

New Chinese economic performance indicators for November show growth but a slowdown in retail sales despite efforts to incentivize spending. Beijing is bracing for possible impacts of a second Trump term in
2 months ago