Tesla Model 3 vehicles at its factory in Shanghai, China.
Electric vehicles

EU slashes planned tariff on Tesla's China-made EVs to 9%

New reduced rate is set lower than the 20.8% it had indicated in July

20 August 2024
France's TotalEnergies sold its stake in a network of 800 fueling stations in Pakistan.
Business trends

TotalEnergies' Pakistan exit stirs company exodus fears

French energy major latest Western multinational to quit crisis-hit Asian nation

13 August 2024
An electric vehicle from China's Dongfeng Motor. The European Union has imposed provisional tariffs of up to 37.6% on EVs made in China, saying they unfairly benefit from government subsidies.
Electric vehicles

China files WTO complaint against EU over tariffs on EVs

Beijing says it will 'safeguard the development rights and interests' of industry

9 August 2024
The dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations for a September rate cut by the Federal Reserve.
Economy

Dollar hits four-month low as weak U.S. jobs data boosts rate cut bets

Japanese yen strengthens to 146.42 against greenback at one point

3 August 2024
David Lammy was received by Indian Prime Minister Narendra Modi during his first overseas trip as U.K. foreign minister. 
Trade

India and U.K. eye early FTA under new Starmer government

New British FM calls ties 'indispensable' after signing tech security pact

26 July 2024
Joseph Wu, Taiwan's previous foreign minister, left, and Filip Grzegorzewski, head of the European Union office in Taipei, commemorate 20 years of ties between the EU and Taiwan in Taipei in June 2023.
Opinion

Europe must prepare militarily and economically for a Taiwan war

Once merely aware of the risks, European leaders now have deep concerns

25 July 2024
Former ECB President Jean-Claude Trichet says the vast majority of Europeans prefer a single defense and single diplomacy. (Photo by Tsuyoshi Tamehiro)
Interview

Europe will remain united in times of crisis: ex-ECB chief

Jean-Claude Trichet sees safer world with further EU integration

20 July 2024
ECB President Christine Lagarde attends a press conference following the Governing Council's monetary policy meeting.
Economy

ECB keeps rates unchanged, September move 'wide open'

Lagarde warns that risks to growth were "tilted to the downside",

18 July 2024
Swatch's shares were on track for their worst day in more than four years on July 15.
Consumer

Swatch slumps on weak China demand; shares hammered

First-half net sales tumble 14.3% for maker of Tissot, Longines, Omega watches

15 July 2024
Rishi Sunak has stepped down as British prime minister since the Group of Seven summit in Italy in June. U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida face elections later this year.
Comment

From U.S. to Japan, unpopular leaders cast shadow on global economy

Reform, not protectionism, is key as political headwinds mount

15 July 2024
A butcher sells pork at a market stall in Madrid, Spain. Spain accounted for 22% of China's imported pork in 2023.
Opinion

China goes whole hog in EU trade tussle over pork imports

Beijing strikes back at EV tariffs, risking a trade war over pig products

11 July 2024
Cars await export at a terminal at the port of Yantai, in China's Shandong province, in January 2024.
Electric cars in China

China EV exports fell 13.2% in June amid rising trade tensions

Domestic electric shift raises fresh concerns over glut of conventional cars

10 July 2024
A train runs near the Chinese border in Kazakhstan. Much of the railway in Central Asia's Middle Corridor has aging infrastructure.
Transportation

Central Asian railway to offer new link between China, Europe

New rail network would bypass problematic routes through Russia and Red Sea

10 July 2024
Spanish economy minister Carlos Cuerpo tells Nikkei Asia on July 4 that his country will not engage in a 'trade war' with China. Cuerpo is in Tokyo to launch a Japan-Spain business forum. (Photo by Satoko Kawasaki)
Interview

EU must not be 'naive' in China EV talks, Spain economy minister says

Bloc should protect domestic industries and 'be a bit more self-centered'

5 July 2024
A cognac distillery in southwestern France. China's Commerce Ministry has set a hearing to discuss an ongoing investigation into claims that European brandy producers are selling into China at below market rates.
Trade war

China unveils next steps in EU brandy probe as EV tariffs take effect

Commerce Ministry sets hearing for July 18; Beijing threatens wide-ranging retaliation

5 July 2024
A BYD car imported to Germany. The Chinese electric vehicle maker faces the lowest additional import duties of 17.4%, because it cooperated with Europe's investigation.
Trade war

EU presses ahead with Chinese EV tariffs as talks continue

Divided Europe still needs unity in approach while China's carmakers ponder moves

4 July 2024
A wind farm off the coast of Germany. 
Energy

Germany to probe use of Chinese wind turbines in North Sea project

Berlin looks to balance protecting critical infrastructure and fair competition

4 July 2024
The four companies were added to the U.S. Entity List for their connections to the training of China's military forces.
US-China tensions

U.S. adds four firms to trade restriction list for China military links

Washington adds total of six companies to Entity List, citing national security

3 July 2024
Xpeng holds a launch event in Cairo this June for two EV models in Egypt. (Xpeng)
Electric cars in China

China EV makers Neta, Xpeng turn to Africa amid European backlash

Emerging markets gain shine as Europe preps higher tariffs on China-built models

3 July 2024
Geely Automobile Holdings has upgraded its 2024 export target to 380,000 units from 300,000, despite new European Union tariffs set to affect the company.
Automobiles

Geely raises annual export target on eve of European punitive tariffs

Chinese automaker stresses 'limited' impact while feeling pinch in premium EV brand

3 July 2024
Tata Steel workers in Port Talbot and Llanwern have suspended a strike as talks between their trade union and company continue over future investment. 
Work

Tata Steel workers in U.K. suspend strike action

Around 1,500 workers at Port Talbot, Llanwern were due to begin indefinite strike

1 July 2024
German Economy Minister Robert Habeck, left, with Zheng Shanjie, chairman of China's National Development and Reform Commission, before in Beijing on June 22.
Electric vehicles

China and EU set for talks on planned EV tariffs

German economy minister hails pledge for concrete negotiations

23 June 2024
The European Union's move to slap higher tariffs on Chinese electric vehicles is drawing pushback from Germany and its automakers. (Nikkei montage/Photos by Reuters)
Automobiles

German automakers pressure EU leaders to drop China EV tariffs

European Commission's move politically driven, harms local industry, insiders say

22 June 2024