BLOOMBERG German Chancellor Olaf Scholz said talks were constructive with the European Union in resolving a dispute over plans to ban new combustion-engine cars in the bloc from 2035, after Berlin derailed the effort this past week. Scholz met with European Commission President Ursula von der Leyen on the sidelines of a government retreat in Meseberg north of Berlin. The …

BLOOMBERG Taiwan’s Zerova Technologies is riding a boom spurred by demand for greener cars in the US. The maker of electric-vehicle charging systems is also navigating Joe Biden’s Inflation Reduction Act (IRA), and according to Chief Executive Officer Jay Yang, it isn’t an altogether positive law. His take is that efforts to minimise reliance on China in the EV supply …

BLOOMBERG Global stock markets paused on Monday after last week’s rally, as investors waited to see if US Treasury yields would extend their declines off recent highs and assessed the potential impact of China’s modest new economic growth target. Europe’s Stoxx 600 index firmed slightly, while futures contracts on the S&P 500 and Nasdaq 100 traded around flat, struggling to …