Electric carmaker Tesla Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. Ramirez said that Tesla could put a plant at an industrial park in development about 3 kilometers (2 miles) from the […]
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. “We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage the use of local […]
India will seek an easing of European Union steel import quotas and tarrifs in talks for a new trade deal as Indian steelmakers struggle to sell the alloy in one of world’s big markets, a senior government official said. Last year, India and the EU relaunched negotiations for a free trade agreement with the […]
China’s central bank will step up support for private firms as part of steps to shore up the economy, while easing a crackdown on tech companies, Guo Shuqing, Communist party chief of the People’s Bank of China, was quoted by state media as saying. Monetary policy in 2023 will focus on expanding demand, especially […]
U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have boosted inflation around the […]
German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. The poll of members of the German-African Business Association also showed that a further 39% […]
Indonesia’s 2022 trade surplus will likely be its biggest on record, but next year the gap is expected to narrow to about $38.3 billion to $38.5 billion, a trade ministry official said on Tuesday. The ministry’s head of trade policy department, Kasan, did not provide an estimate for this year’s surplus in merchandise […]
Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday. The European Union could set up a programme to promote green technology by combining various funding elements to […]
-Mexico’s Economy Ministry has invited U.S. Trade Representative Katherine Tai’s team to hold third round of energy consultations in the coming days in Mexico City, according to an economy ministry statement published Thursday. Mexico’s Economy Minister Raquel Buenrostro met on Thursday with U.S. Trade Representative Tai to work on solutions for the energy and […]
A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs. Marcos will issue an executive order cutting to 0% the most favoured nation tariff on EVs like passengers cars, buses, vans, trucks, motorcycles, and bicycles, and their parts for […]