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Bloomberg Tesla Inc. will raise vehicle prices in China this week, two people familiar with the matter said, a reaction to the trade war that weighs on the country’s currency and threatens to once again lead to higher import tariffs. Price hikes that were originally planned for September will now take place this Friday, a sales representative and another Tesla ...

Bloomberg India’s steps to boost financial market sentiment and support businesses could fall short of shoring up growth in Asia’s third-largest economy. Finance Minister Nirmala Sitharaman announced a number of measures last week to help re-ignite an economy that’s slowed sharply on the back of weak consumption and a deteriorating global environment. However, she didn’t outline any major fiscal support ...

Bloomberg Singapore is weighing options including the issuance of government bonds to fund the S$100 billion ($72 billion) it could take to fight rising sea levels over the next century. In the short-term, funding for projects such as a S$400 million upgrade to the city-state’s drainage systems to boost flood resilience will come from ministry-level expenditures, Minister for the Environment ...

Bloomberg Liquefied natural gas (LNG) may have dodged the latest round of Chinese tariffs on US goods, but plans for new American terminals to ship the fuel abroad are under threat as trade war escalates. Tellurian Inc. and other developers will probably delay final investment decisions on multibillion-dollar US LNG export projects to 2020 from this year as the tensions ...

Bloomberg US President Donald Trump said trade talks with China are back on after Beijing requested negotiations, easing immediate tensions after a weekend of tit-for-tat tariffs rocked financial markets and fuelled fears that the standoff would drag the global economy into recession. Speaking at the Group of 7 meetings in Biarritz, France, Trump said US officials received two “very productive” ...

Bloomberg German business confidence extended its decline, falling to the weakest level in almost seven years, as a deepening manufacturing slump put Europe’s largest economy on the brink of recession. Germany’s export-centered economy is struggling as global trade tensions worsen. GDP contracted in the second quarter and the Bundesbank predicts it could shrink again in the third, and the US-China ...

Bloomberg The US and Japan agreed in principle on a trade deal that would slash Tokyo’s tariffs on American beef, and other agricultural products, while delaying for now the threat of additional levies on Japanese auto exports to the US. US President Donald Trump and Japanese Prime Minister Shinzo Abe announced the agreement on Sunday on the sidelines of the ...

Bloomberg In its search for a potential factory location in Europe, Tesla Inc. examined areas in Germany’s state of North Rhine-Westphalia, Rheinische Post reported. Tesla representatives also inspected possible sites in Lower Saxony, newspaper NWZ reported earlier in the week. In June, CEO Elon Musk called Germany “a leading choice for Europe” in a reply to a tweet asking if ...

Bloomberg The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the most abundant element is likely to play a growing role in reducing pollution from power producers and industry. The findings ...

RIYADH / WAM The joint government services training programme organised by the UAE and Saudi Arabia, titled, ‘UAE-Saudi Capacity Building Programme’, has begun in the Saudi capital, Riyadh. The programme aims to build the capacities of government services employees from the two countries, according to specialised services criteria and as part of their partnership, as represented by the Saudi-Emirati Coordination ...