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Exclusive-Tesla market share in US drops to lowest since 2017 as competition heats up

By Abhirup Roy SAN FRANCISCO (Reuters) -Tesla’s U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk’s company, according to data from research firm ...
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Protesters in Nepal surround parliament and clash with police as government blocks social media

KATHMANDU, Nepal (AP) — Tens of thousands of protesters took to the streets of Nepal’s capital Monday to vent their anger against a decision by authorities to block most social media platforms including Facebook, X and YouTube, saying that the companies had failed to ...
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German exports unexpectedly fall while industrial production rises

By Maria Martinez (Reuters) – German exports unexpectedly fell in July on a sharp decline in U.S. demand due to tariffs, while industrial output rose, data showed on Monday. Exports from Europe’s biggest economy fell by 0.6% in July from the previous ...
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Volkswagen CEO: tariffs have cost group billions so far

MUNICH (Reuters) -U.S. tariffs have cost Volkswagen, Europe’s largest carmaker, billions of euros so far, its chief executive said on Monday, adding that its key brand Porsche was being squeezed in a “sandwich” of duties and a weak Chinese market. “Up to now, it’s several ...
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World Bank cuts Vietnam’s growth forecast to 6.6% as tariffs bite

HANOI (Reuters) -The World Bank on Monday trimmed its forecast for Vietnam’s economic growth on evidence that U.S. tariffs were starting to have an impact on the Southeast Asian exporter’s shipments. The World Bank cut its GDP forecast for Vietnam to 6.6% from 6.8% this ...
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South Korea to reference Japan deal when finalising its US trade deal, minister says

By Yena Park and Jihoon Lee SEJONG, South Korea (Reuters) -South Korea will take into account Japan’s trade agreement with the United States as a reference as it negotiates final details of its own trade deal struck in late July, the finance minister said on ...
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Spain’s BBVA launches 14.8 billion euro takeover bid for Sabadell

MADRID (Reuters) -Spain’s BBVA on Monday formally launched the 14.8 billion euros ($17.34 billion) hostile takeover bid for smaller rival Sabadell which starts the deal’s acceptance period. Combining the two lenders would create the second largest Spanish bank in terms of domestic assets worth ...
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US weighs annual china chip supply approvals for Samsung, Hynix, Bloomberg News reports

(Reuters) -The United States is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix’s China-based factories, Bloomberg News reported on Monday. Officials in the U.S. Commerce Department last week presented to Korean counterparts a “site license” idea to supplant indefinite ...
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Analysis-China’s e-commerce companies are getting singed by a price war

By Casey Hall SHANGHAI (Reuters) -The bitter battle among China’s major online companies to win the “instant retail” war is expected to further depress their short- to medium-term profits and contribute to deflationary pressures in the world’s second-largest economy. The likes of Alibaba, Meituan and JD.com ...
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India’s chief economic adviser says Trump’s tariffs could shave 0.5% off GDP, Bloomberg News reports

(Reuters) -U.S. President Donald Trump’s 50% tariffs on India could reduce the country’s gross domestic product by half a percent this year, the nation’s Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday. “Depending upon how long it lasts even ...
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RWE and Apollo Global Management to establish joint venture

(Reuters) -RWE and Apollo Global Management said on Monday that they are establishing a joint venture for RWE’s 25.1% stake in German transmission system operator Amprion to finance its future growth. Apollo will provide 3.2 billion euros ($3.75 billion), which RWE and Apollo will both ...
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Hong Kong crypto exchange HashKey to launch $500 million digital treasury fund

(Reuters) -HashKey Group will launch its inaugural Digital Asset Treasury (DAT) focused fund with an initial target size of $500 million, Hong Kong’s largest licensed crypto exchange said on Monday. The multi-currency fund’s DAT strategy refers to public companies accumulating cryptocurrency assets to capitalise on ...
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