Both manufacturing and construction spending came in softer than expected. The downbeats stoked fears of a downturn.
“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”
Beijing is reportedly unhappy with the prospect of an EU tariff on EVs, and is considering retaliatory tariffs on the EU’s aviation industry.
The FAA won’t clear the current production cap and plans to approve every single plane that comes off Boeing’s production lines.
China’s DIY solution dovetails with what the West has been doing itself with huge government subsidies for manufacturing.
The bans not only attempt to address human rights violations but also aim to protect domestic textile producers from unfair competition.
Honda may be placing its hopes on carbon capture to reach bold net-zero goals – despite the tech’s high price tag.
After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.