International trade – parsian news

Why the EU now plans to delay post-Brexit tariffs on electric vehicles

All you need to know about the European Commission’s new proposal to delay its 10% charge on EVsEU set to suspend Brexit tariffs on EVs for three yearsBrussels to issue veiled warning to China over state-subsidised goodsThe European Commission is likel…

All you need to know about the European Commission’s new proposal to delay its 10% charge on EVs

The European Commission is likely to propose a three-year delay on post-Brexit tariffs on electric cars, after months of lobbying by industry and the UK government.

Carmakers were fearful that exports between the UK and EU – in both directions – would be hit by 10% tariffs in the new year because of “rules of origin” aiming to reduce China’s dominance of the global battery industry.

Why the EU now plans to delay post-Brexit tariffs on electric vehicles

All you need to know about the European Commission’s new proposal to delay its 10% charge on EVs

The European Commission is likely to propose a three-year delay on post-Brexit tariffs on electric cars, after months of lobbying by industry and the UK government.

EU set to suspend Brexit tariffs on EVs for three years in major boost for car industry

Commission moves to delay 10% sales charge after intense lobbying by EU and UK carmakersThe European Commission looks set to propose a three-year delay to a 10% tariff on sales of electric vehicles between the EU and the UK, in a major boost for car in…

Commission moves to delay 10% sales charge after intense lobbying by EU and UK carmakers

The European Commission looks set to propose a three-year delay to a 10% tariff on sales of electric vehicles between the EU and the UK, in a major boost for car industries across Europe.

Duties were due to kick in on 1 January 2024 but all the major carmakers in the UK and Europe including BMW, Volkswagen and Stellantis have been lobbying for a temporary reprieve.

EU expected to issue veiled warning to China over supply of cut-cost goods

European Commission chief Ursula von der Leyen to meet Chinese president Xi Jinping at summit on ThursdayThe EU is to tell China that its €400bn (£343bn) trade deficit is not sustainable long term amid fears that it will flood the bloc with subsidised …

European Commission chief Ursula von der Leyen to meet Chinese president Xi Jinping at summit on Thursday

The EU is to tell China that its €400bn (£343bn) trade deficit is not sustainable long term amid fears that it will flood the bloc with subsidised electric cars, solar panels and medical devices, threatening European manufacturing and jobs.

Ursula von der Leyen, the European Commission chief, and Charles Michel, the European Council president, will meet Xi Jinping at a summit on Thursday, the second of its kind this year.

EU expected to issue veiled warning to China over supply of cut-cost goods

European Commission chief Ursula von der Leyen to meet Chinese president Xi Jinping at summit on Thursday

Ursula von der Leyen, the European Commission chief, and Charles Michel, the European Council president, will meet Xi Jinping at a summit on Thursday, the second of its kind this year.

Moody’s cuts China credit outlook to negative as economy slows

Rating agency says Beijing may need to bail out local governments as property sector collapsesChina’s ability to repay its government borrowing has been downgraded by the credit rating agency Moody’s, which said the ripple effects from a crisis in the …

Rating agency says Beijing may need to bail out local governments as property sector collapses

China’s ability to repay its government borrowing has been downgraded by the credit rating agency Moody’s, which said the ripple effects from a crisis in the property sector would undermine efforts to revive its flagging economy.

Moody’s warned that Beijing would need to bail out local and regional governments and state-owned enterprises that were struggling with rising debts, hampering efforts to boost investment and growth.

Moody’s cuts China credit outlook to negative as economy slows

Rating agency says Beijing may need to bail out local governments as property sector collapses

Why Germany’s economic miracle is facing a new reality

In 1923, the country was rocked with hyperinflation, now the retreat from globalisation is exposing the fragility of its industrial modelGermany has come a long way in 100 years. Back in November 1923, people were trundling wheelbarrows stacked high wi…

In 1923, the country was rocked with hyperinflation, now the retreat from globalisation is exposing the fragility of its industrial model

Germany has come a long way in 100 years. Back in November 1923, people were trundling wheelbarrows stacked high with cash through its streets to buy a loaf of bread. Now its reputation is that of an economic powerhouse.

That episode of hyperinflation left deep scars on the nation’s psyche. Government printing presses were working flat out to produce mountains of worthless bank notes and the currency collapse was so severe a single US dollar was worth 1tn marks. “Never again” has been the mantra ever since.

Brexit has hit UK’s economic openness, says Bank of England governor

Andrew Bailey says free trade demands greater international cooperation on financial rule-makingThe governor of the Bank of England has called for greater cooperation on financial rule-making, warning that Brexit has affected the “openness of the UK ec…

Andrew Bailey says free trade demands greater international cooperation on financial rule-making

The governor of the Bank of England has called for greater cooperation on financial rule-making, warning that Brexit has affected the “openness of the UK economy”.

In an apparent swipe at those calling for the UK to develop a separate rulebook for banking and insurance activities, Andrew Bailey said free trade needed strong regulation based on agreements with foreign watchdogs.

Maersk to cut 10,000 jobs as shipping demand drops

Danish company has axed 6,500 of those roles already, with global economic slowdown taking tollBusiness live – latest updatesOne of the world’s largest shipping companies, Møller-Maersk, is slashing 10,000 jobs because of a drop in demand triggered by …

Danish company has axed 6,500 of those roles already, with global economic slowdown taking toll

Business live – latest updates

One of the world’s largest shipping companies, Møller-Maersk, is slashing 10,000 jobs because of a drop in demand triggered by the global economic slowdown.

The Danish company said it had already started cutting staff but was planning on “intensifying” cost-saving measures in order to safeguard its financial performance as price forecasts worsened.