BEIJING — Demand for luxury electric sedans is on the rise in China. In just over two months, orders for the “Han” line of electric cars from BYD — a Chinese automaker backed by billionaire Warren Buffett — have topped 40,000, the company disclosed at the Beijing auto show this past weekend. Read more…
China’s five largest banks reported their biggest profit declines in at least a decade as they brace for further increases in bad loans in an economy weakened by the coronavirus pandemic. The five lenders — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China Read more…
Amazon.com (AMZN.O) is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N), as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc (WMT.N). The world’s Read more…
Since the start of the pandemic, financial institutions including the World Bank Group and the International Monetary Fund (IMF) – along with UN entities, regional organizations and country groups such as the G20 – have been examining the tools available to stabilize markets, prevent job losses and preserve hard-fought development Read more…
Stronger worker and environmental protections top the changes to a new version of the North American trade deal signed by top U.S., Mexican and Canadian officials on Tuesday that clears the way for a long-delayed vote in the U.S. Congress. The full text of revisions has not yet been made Read more…
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its economy are running up against “core interests.” The implication: Those matters are not up for negotiation. Previously, the vague “core interest” term was generally understood as Read more…