By Nick Carey SOLIHULL, England (Reuters) – Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars th[...]
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Asia
Marketmind: Bulls take cover
A look at the day ahead in European and global markets from Anshuman Daga: Enthusiasm over recent moves by Chinese authorities to adjust the country’s zero-COVID policy is giving way to renewed[...]
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Younger Chinese are spurning factory jobs that power the economy
By David Kirton SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in[...]
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Marketmind: Don’t doubt the dollar
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Reports of the dollar’s decline may have been greatly exaggerated, and if that turns out to be t[...]
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Volkswagen-SAIC venture to close manual transmission plant in China
(This Nov. 18 story has been corrected to say workers will be offered support by the company, not necessarily new jobs in paragraph 5) BERLIN (Reuters) – A manual transmission plant owned by Vol[...]
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Germany plans to tighten rules for firms highly dependent on China – document
By Andreas Rinke BERLIN (Reuters) – Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct[...]
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Air India in talks with Airbus, Boeing to buy planes, says CEO
NEW DELHI (Reuters) – Tata Group-owned Air India is in talks with Boeing and Airbus about ordering new aircraft and is meeting its immediate needs by leasing planes and repairing grounded aircra[...]
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U.S. autonomous delivery vehicle startup Nuro cuts staff by 20%
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake, the company’s co-founders wrot[...]
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U.S. dollar positioning turns net short for first time since July 2021 -CFTC, Reuters data
NEW YORK (Reuters) – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. Commodity F[...]
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