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A look at the day ahead in European and global markets from Anshuman DagaAfter the latest data confirmed fears about a r...
25/08/2022

A look at the day ahead in European and global markets from Anshuman Daga

After the latest data confirmed fears about a runaway rise in euro zone consumer prices, will business activity spring a double whammy?

While European Central Bank board member Isabel Schnabel did not rule out a technical recession in the 19-country block in a Reuters interview last week, euro zone flash PMIs will be watched closely this week for recession risks.

Motors will suspend shipment of small trucks after confirming that a widespread data falsification scandal included thos...
25/08/2022

Motors will suspend shipment of small trucks after confirming that a widespread data falsification scandal included those models, it said on Monday, highlighting deepening problems at the Toyota Motor (NYSE:TM) Corp unit.

The truck and bus maker told a news conference that during a transport ministry investigation additional misconduct regarding emissions was found that affects more than 76,000 vehicles. The scandal, which came to light in March, was previously not believed to have impacted the smaller trucks.

SHANGHAI (Reuters) - Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisatio...
22/08/2022

SHANGHAI (Reuters) - Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead of schedule - and may hit a more painful peak.

Chinese President Xi Jinping pledged last year to "strictly control" coal and start cutting its use starting in 2026 to bring its climate-warming carbon dioxide (CO2) emissions to a peak before 2030. China's emissions are the highest in the world.

SYDNEY (Reuters) -Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to freq...
22/08/2022

SYDNEY (Reuters) -Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to apologise for a rise in delays, cancellations, lost baggage and staffing issues since travel demand rebounded.

Airlines around the world, including domestic rival Virgin Australia, are facing similar problems but Qantas had attracted significant negative local media coverage given its position as the dominant carrier.

PARIS (Reuters) - French supermarket retailer Carrefour (EPA:CARR) said it would freeze the prices on 100 of its product...
22/08/2022

PARIS (Reuters) - French supermarket retailer Carrefour (EPA:CARR) said it would freeze the prices on 100 of its products, in order to help French people tackle soaring inflation in the country.

Carrefour's move follows that of other leading French companies which have also taken steps to help the country's consumers deal with the record inflation, following pressure from President Emmanuel Macron's government.

SEOUL (Reuters) - A new U.S. law excluding electric vehicles assembled outside North America from tax credits could pers...
22/08/2022

SEOUL (Reuters) - A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade Hyundai Motor Co to bring forward the start-date for construction of an EV and battery plant in the United States to as early as this year, Yonhap news agency reported on Monday.

Hyundai Motor had said in May that it would break ground on its new facility in Georgia in early 2023 to achieve commercial production in the first half of 2025 with an annual capacity of 300,000 EV units.

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