(Reuters) - Britain's competition regulator said on Friday it has initiated a probe into U.S. medical equipment maker Thermo Fisher Scientific's $3.1 billion deal to buy Swedish biotech firm Olink Holding AB.
The Competition and Markets Authority (CMA) has set a deadline of July 8 for its phase 1 decision.
(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
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The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.
LONDON (Reuters) -Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said. Companies behind major brands Martell, which is owned by Pernod Ricard, Remy Martin - part of Remy Cointreau - and Hennessy, owned by LVMH, received a summons overnight to attend the hearing, the source said.
The head of U.S.-based industrial real estate developer Panattoni has urged India to streamline its land acquisition processes which he said make it difficult for developers to cash in on a warehousing boom in the country. Foreign and domestic real estate developers are building more warehouses in India to cater to growing storage demand of companies, but land acquisition is often a sticking point in a country where multiple farmers or other people can own a piece of land, and transfer processes are complex and take time. While India offers opportunities for expansion, "the biggest challenge is land itself - permissions (and) availability of data to acquire land," said Robert Dobrzycki, CEO of Panattoni, which owns large industrial real estate assets in the U.S., Canada and Europe and entered the Indian market in 2022.
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
With oil remaining at a healthy enough level for market participants, we advise investors to buy stocks like SUN, SM and TUWOY.
Brad Smith, Brian Sozzi, and Myles Udland conduct a fit check as they review the stock performance of several premier retail brands: Nike (NKE), Lululemon (LULU), and UGG and Hoka parent company Deckers Outdoor (DECK). The trio comment on their own experiences with the clothing and footwear brands, while focusing on each companies' respective leadership decisions and promotional strategies. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
In the quest for reliable income from dividend stocks in the United States, where average yields hover around 1.7%, investors often face a mix of opportunities and risks. A key factor in evaluating these stocks is the stability of their dividends. Companies like Cracker Barrel Old Country Store, which have experienced significant dividend cuts, highlight the importance of assessing not just the yield but also the consistency and reliability of dividend payments over time. This article will...
Automakers continue to report sales growth, prompting investors to question whether this trend can persist into the second half of 2024. Cox Automotive executive analyst and senior director of economic and industry insights Erin Keating joins Market Domination Overtime to discuss her outlook on the auto industry. Keating calls the auto industry's performance "pretty good" in 2024 despite economic uncertainty that pointed to a potential slowdown. Addressing the electric vehicle (EV) sector, she notes that "a lot of the decline" in the EV market "is coming out of the Tesla (TSLA) share," noting Tesla's former position as the sole competitor in the market. With more automakers transitioning to EV production, Keating doesn't believe that "EV demand is completely falling off a cliff." Instead, she describes the market as "normalizing," reflecting a more competitive landscape. Looking ahead, Keating tells Yahoo Finance that 'the automotive market will have to balance itself out." She forecasts increased consolidation and collaboration among automakers as the industry adapts to evolving dynamics. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
When Joe Biden was inaugurated as the 46th President of the United States in 2021, much was made of his wife Dr Jill Biden becoming the first First Lady ever to hold a salaried outside job.
‘If they let him out, he was going to kill her,’ Lauren Johansen’s father said he warned a judge just days before his daughter’s death
Joe Biden vowed to beat Donald Trump “in 2020” as he pledged to stay in the presidential race and fight to save his re-election bid.
LONDON—The Conservatives, the world’s winningest political party, were booted out of power in dramatic style on Thursday after 14 years of chaotic and divisive rule.The Labour Party had secured a landslide victory, ending an era of Conservative rule over Britain that stretches back to 2010; the year that the iPad and Instagram were launched and Lady Gaga wore that meat dress to the MTV music awards.In that time, the Conservatives have cycled through five leaders, each of them dragging the party
Jade Thirlwall appears on the cover of beat magazine wearing a see-through chainmail top to free the nipple. See the image shared on social media, here.
There are good reasons not to let go of a great dividend-paying stock. Here are four of them I plan to hold for the rest of my life. The post 4 Reliable Singapore Dividend Stocks That I Never Intend to Sell appeared first on The Smart Investor.
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