Volkswagen’s auto group delivered 1.2 percent more passenger vehicles in this year’s second quarter than last year’s, the company reported. The group includes Audi, Porsche, and VW brands.
Tag: Economy
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GERMANY’S EXPORTS CONTINUE TO DECLINE
Germany exported 1.4 percent fewer goods in May as Donald Trump’s tariff war cut shipments to the U.S. by 7.7 percent, government statistics agency Destatis reported.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
After a pause in layoffs in late spring, early summer, U.S. government jobs are again on the chopping block.
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SPOTLIGHT: BIGS GETTING BIGGER
Stock market churn, geopolitical strife, and Donald Trump’s chaotic tariff war have not hobbled the U.S. market for corporate mergers and acquisitions.
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SPECIAL REPORT: TRUMP TARIFF WAR
On 7 July, Donald Trump revealed new tariff rates ranging from 25 to 40 percent on 14 countries but delayed their onset from 9 July until 1 August to give those nations time to negotiate a trade deal.
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SPECIAL REPORT: CRYPTO IS BECOMING THE NEW NORMAL
Chinese consumers are using mobile payment systems almost exclusively now, French newspaper Le Monde reported, so much so that cash “has dwindled to near extinction,” it said.
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TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY
In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.
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STABLECOINS FAIL KEY SAFETY TESTS, CENTRAL BANKS GROUP SAYS
Stablecoins currently “perform badly” on three key safety tests that would allow them to be used as currency, according to an analysis by the Bank for International Settlements (BIS), an organization serving the world’s central banks.
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GERMAN CONSUMER SENTIMENT SAGS
Households in Europe’s largest economy are feeling less confident about the country’s current economy, according to the newest consumer sentiment survey by thinktank GfK and the Nuremberg Institute for Market Decisions (NIMD).
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SPOTLIGHT: DEATH OF THE DOLLAR
A group of African nations is establishing a cross-border payments system that does not use the dollar as a measure of value, despite threats from Donald Trump, who is bent on keeping the dollar front and center in global trade.