Showing results for "Enerpac Tool Group"
politics
Europe Readies Tariffs on Flood of Cheap Chinese EVsHelp is on the way for European carmakers struggling to deal with an influx of cheap Chinese electric vehicles. The European Commission is preparing to impose tariffs on EVs imported from China after an investigation into subsidies that Beijing doles out to its car industry. The duties are expected to hurt companies including BYD Co., SAIC Motor Corp. and Geely, but also risk affecting Western manufacturers that ship cars made at their Chinese factories to Europe — for example Tesla Inc. and BMWJune 7, 2024
markets
Japan Likely Sold Treasuries to Fund Record Yen InterventionJapan’s holdings of foreign securities dropped sharply in May, indicating that the government likely financed most of its recent record currency market intervention by selling Treasuries and other foreign securities and still has ample firepower to step into markets again.June 6, 2024
technology
Optica Cuts Ties With Huawei After Secret Funding ExposedThe Optica Foundation will no longer accept money from Huawei Technologies Co. for a competition to fund cutting edge-research at US universities, the group’s chief executive officer said, after Bloomberg News reported the Chinese company was secretly funding the program.June 6, 2024