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Despite trade war, China EV-maker forges ahead with US push

Bloomberg Byton, the Chinese electric-vehicle startup founded by former BMW AG executives, is forging ahead with plans to enter the US market even as the trade war casts a cloud of unpredictability for the push. The company plans to begin production of its $45,000 electric SUV in 2019 and still targets a US entry in 2020, CEO Carsten Breitfeld said. ...

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BOE sees reversal of decade-long slump in Britain’s productivity

Bloomberg Increasing investment by firms in technology means the UK’s abysmal productivity growth should soon start to recover, according to a Bank of England (BOE) staff blog. A shortage of skills and labour is acting as a catalyst for firms to introduce productivity-boosting technology such as automation, said Will Holman and Tim Pike, who work in the central bank’s division ...

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RBI-favoured currency futures to prop up rupee from record low

Bloomberg India’s central bank may increasingly be turning to the currency futures market to stem a slide that sent the rupee to a record low last month, according to analysts and traders. The Reserve Bank of India (RBI)  probably intervened to the tune of $2.5 billion in May — the highest for any month so far this year — and ...

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