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Tesla quarterly deliveries seen falling again

By Akash Sriram and Abhirup Roy (Reuters) -Tesla is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk’s political views and competitive pressures continue to drag on demand. While much of Tesla’s trillion-dollar valuation hangs on Musk’s ...
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EU wants upfront relief for key sectors in any US trade deal, sources say

By Julia Payne and Philip Blenkinsop BRUSSELS (Reuters) -The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the United States due by a July 9 deadline, but the bloc expects even a best-case deal to include ...
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Tesla sales drop in Sweden and Denmark, while Model Y boosts Norway deliveries

By Amir Orusov (Reuters) -Tesla’s sales dropped for a sixth straight month in Sweden and Denmark in June, underscoring the challenges the EV-maker faces as competitors gain market share and CEO Elon Musk’s popularity declines. However, in Norway Tesla recorded a 54% year-on-year increase in ...
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Euro zone factory orders stabilise for first time in 3 years, PMI shows

LONDON (Reuters) -Euro zone manufacturing activity showed further signs of recovery in June as new orders stopped falling for the first time in more than three years, suggesting a tentative stabilisation in the bloc’s struggling factory sector, a survey showed. The HCOB Manufacturing Purchasing Managers’ ...
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China ready to discuss tariffs and subsidies with US at WTO

By Olivia Le Poidevin GENEVA (Reuters) -China is ready to have discussions about trade policies, including tariffs and subsidies, that Washington has identified as obstacles to reforming the World Trade Organization, a senior delegate at China’s mission to the WTO said. China had heard “every word” ...
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Tesla sales drop over 60% in Sweden and Denmark

(Reuters) -Tesla’s sales dropped for a sixth straight month in Sweden and Denmark in June, underscoring the challenges the EV-maker faces as competitors gain market share and CEO Elon Musk’s popularity declines. In Sweden, Tesla’s registrations, which are a measure of sales, fell 64.4% in ...
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Jacobs coffee maker JDE Peet’s unveils brand-led strategy, sets mid-term targets

(Reuters) -Coffee and tea company JDE Peet’s unveiled a new strategy on Tuesday that aims to simplify its portfolio and organizational model under its new CEO. The group, which sells coffee, tea and hot chocolate under more than 50 brands globally, targets 500 million euros ...
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Senate Republicans seek support for Trump’s big bill in overnight session

WASHINGTON (AP) — The Senate is slogging through an overnight session that has dragged into Tuesday, with Republican leaders buying time as they search for ways to secure support for President Donald Trump’s big bill of tax breaks and spending cuts while fending off ...
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US startup Lyten to take over Northvolt’s energy storage systems factory in Poland

WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest ...
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Xiaomi’s YU7 car buyers face year-long wait for delivery, sparking complaints

SHANGHAI (Reuters) -China’s Xiaomi is telling customers of its new YU7 electric sports utility vehicle they will have to wait more than a year to receive their cars, sparking a fresh wave of complaints against the company. The smartphone turned EV maker said it received ...
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Tesla registrations in Denmark fall 61.6% year-on-year in June

COPENHAGEN (Reuters) -Tesla’s registration of new cars in Denmark fell by 61.57% in June from the same month a year ago to 1,282 vehicles, registration data from Mobility Denmark showed on Tuesday. (Reporting by Jagoda Darlak, editing by Stine Jacobsen) Brought to you by www.srnnews.com
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US prices for China-made goods on Amazon rise faster than inflation, analysis shows, as tariffs bite

By Siddharth Cavale NEW YORK (Reuters) -Prices for goods made in China and sold on Amazon.com have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are ...
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