Frankfurt. Porsche AG will increase production of the Taycan after more than 20,000 potential buyers registered to purchase the brand’s first electric car, matching the entire annual output initially earmarked for the four-door sedan. “The overwhelming interest in the Taycan shows us that our customers and fans are just as excited about the first Porsche […]
FRANKFURT. Deutsche Bank AG and Commerzbank AG are intensifying discussions about a potential merger as their turnaround efforts sputter and after the German government put pressure on the firms, according to a person familiar with the matter. The talks are informal and the supervisory boards of the companies haven’t given a mandate to pursue a […]
Beijing. Tesla Inc secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant. The loans from China Construction Bank Corp, Agricultural Bank of China Ltd, Industrial & Commercial […]
Dubai Give a quick glance around while you wait in line to charge up the electric vehicle. Because in the not too distant future, it could be Bond — James Bond — who could be standing next to you. And he will do so with his vehicle of choice — the Aston Martin, which is […]
Istanbul Turkey’s efforts to push state-owned lenders to offer more credit are paying off, resulting in loan growth for the first time since August’s market rout as the country heads into closely-watched local elections. Following last year’s turmoil, which sent the local currency to record lows and brought the economy to the brink of recession, […]
Frankfurt: Some European Central Bank policymakers consider the institution’s downgraded growth forecast for 2019 is still too optimistic, according to people with knowledge of the matter. The officials argued at Thursday’s meeting that the pickup assumed in the projections for the second half of the year might not materialise, said the people, who asked not […]
Los Angeles. Spotify Technology SA and other technology giants appealed a ruling that increased the royalties they must pay to songwriters, a move that threatens to further damage the companies’ already-tenuous relationship with the music industry. Songwriters celebrated last year when the Copyright Royalty Board ruled that they will get at least a 15.1 per […]
BENGALURU. Indian inflation likely accelerated in February but remained well below the central bank’s target, economists in a Reuters poll said, as only modest rises in food and fuel prices failed to drive a bigger lift from January’s 19-month low. The poll of 37 economists, conducted March 5-7, showed consumer price inflation, due to be […]
Beijing: China over-reported its economic growth between 2008 and 2016 by an average of 1.7 percentage points, according to a recent study by researchers at the Chinese University of Hong Kong and the University of Chicago. The discrepancy came from local governments who are rewarded for meeting growth and investment targets, the authors say in […]
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