
In February, German business confidence reached hit its weakest value for almost five years without any signs of a turnaround yet in sight, as follows from a closely-watched business poll published on Friday…
On Tuesday, a trade group for car makers told it really hopes to reach a long-awaited deal with California as well as the Trump administration over vehicle fuel efficiency standards.
Mitch Bainwol, chief executive of the Alliance of Automobile Manufacturers, a trade group, which represents Toyota Corporation, General Motors Corporation, Volkswagen AG as well as other car makers, told at a forum ahead of the New York car show that car makers weren’t seeking a rollback of currently existing standards.
In March, Donald Trump ordered a review of American car fuel-efficiency standards from 2022-2025 imposed by the previous Obama administration, telling they were extremely tough on the car industry.
However, California opposed weakening the rules, and even threatened to adhere to tougher standards whatever happens. New York joined California’s initiative.
The White House actually intends to hold talks with car makers and also California. Obviously, a deal would finally remove uncertainty for car makers, who require years of lead time to engineer models and demand uniform rules across all 50 states.
In February, German business confidence reached hit its weakest value for almost five years without any signs of a turnaround yet in sight, as follows from a closely-watched business poll published on Friday…
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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