Category: finance
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Volkswagen Expands China-Made Car Exports to Overseas Markets but Rules Out Europe
Volkswagen Looks to Boost China-Made Vehicle Exports Volkswagen (VOWG.DE) is planning to expand exports of cars developed and manufactured in China to more overseas markets, according to Thomas Ulbrich, Chief Technology Officer of Volkswagen Group China. The German automaker, which recently started exporting China-made petrol limousines to the Middle East, is evaluating additional markets for
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Oil Prices Slip Amid Oversupply Concerns While Ukraine Peace Talks Continue
Oil prices eased on Tuesday as concerns over global crude oversupply in 2026 outweighed geopolitical worries about Russian oil shipments under sanctions amid ongoing Ukraine peace talks. Market participants are navigating a delicate balance between supply expectations and potential demand growth influenced by upcoming U.S. monetary policy. Oil Price Movements Both benchmarks had gained 1.3%
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China’s Solar Installations Surge 30% in October Amid Policy Recovery
China’s solar power sector saw a significant rebound in October, with 12.6 gigawatts (GW) of new solar capacity installed, marking a 30% increase month-on-month, according to statistics released by the National Energy Administration (NEA). This growth comes as developers continue to recover from a mid-year slowdown triggered by uncertainties from a new renewables pricing mechanism.
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TSMC Sues Former Executive Wei-Jen Lo Over Security and Trade Secret Concerns
Taiwan Semiconductor Manufacturing Co (TSMC) has filed a lawsuit against its former Senior Vice President Wei-Jen Lo, who recently joined Intel, citing concerns over violations of non-compete agreements and potential breaches of trade secrets. The legal action was lodged in the Intellectual Property and Commercial Court in Taiwan. Details of the Lawsuit TSMC, the world’s
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Taiwan Rejects ‘Return to China’ After Xi Jinping Presses Sovereignty Claims
Taiwan’s Premier Cho Jung-tai has firmly stated that a “return” to China is not an option for the island’s 23 million people, following Chinese President Xi Jinping’s recent call with U.S. President Donald Trump, in which Xi emphasized Taiwan’s “return to China” as part of Beijing’s vision for global order. Taiwan’s democratically elected government has
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Poland’s Antitrust Watchdog Investigates Apple Over Privacy Policy and Competition Concerns
Poland’s anti-monopoly office, UOKiK, has launched an investigation into Apple Inc. (AAPL) to determine whether its privacy policies are restricting competition in the mobile advertising market. The inquiry focuses on Apple’s App Tracking Transparency (ATT) framework, introduced in iOS 14.5 and subsequent versions, which limits third-party apps from collecting user data for personalized advertising. Concerns
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UK Financial Sector Faces Challenges in Preparing for New T+1 Settlement System
The United Kingdom’s financial sector is making slow but steady progress in preparing for the implementation of the T+1 settlement system, which will halve the settlement time for securities transactions from two business days to one. However, a recent survey shows that a significant portion of financial firms expect to miss key preparatory deadlines, raising
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European Shares Show Limited Movement as Investors Await U.S. Economic Data
European stock markets remained largely subdued on Tuesday, as investors exercised caution ahead of key U.S. economic data releases. The cautious mood comes amid rising expectations of potential interest rate cuts by the Federal Reserve, with traders eager to assess how the U.S. economy is performing post-government shutdown. European Market Overview The pan-European STOXX 600
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Global Stocks Rise as Federal Reserve Rate Cut Expectations Increase; Dollar Remains Steady
Global stock markets saw gains on Tuesday as investors responded to growing expectations of a Federal Reserve interest rate cut in December. The positive sentiment fueled a surge in technology stocks, highlighting optimism about continued growth in the AI-driven tech sector. Rising Optimism for a Fed Rate Cut Federal Reserve officials have signaled that a
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Apple Announces Job Cuts Across Sales Teams to Enhance Customer Engagement
Apple Inc. (AAPL) has announced job cuts across its sales teams, part of a broader initiative to strengthen customer engagement and optimize its workforce. While the layoffs will impact a relatively small number of roles, the tech giant emphasized that it continues to hire in other areas, providing opportunities for affected employees to transition into
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