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...The EU does not have a policy that allows it to buy and store the metal. Some opportunistic buying seems to be happening in the auto sector....
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...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
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...No mention of the B-word, then....
...In 2014, German carmaker Daimler introduced a function to auto-delete emails received while employees were on vacation, with a notification to the sender....
...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
...Shares in Li Auto dropped 6.1 per cent after the company announced new price cuts across its line-up on Monday morning in an effort to boost slowing sales growth....
...Private equity groups globally are now sitting on a record 28,000 unsold companies worth more than $3tn, according to Bain & Co’s annual PE report....
...The company said on Sunday that it signed a memorandum with Huawei to buy a stake of up to 40 per cent in a new venture that will take over core technologies and resources from the tech group’s lossmaking...
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..., the company said in an announcement....
...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
...But there remained a risk that labour disputes in the auto sector could “snowball” and draw the attention of the central government in Beijing....
...“It’s an absolute necessity for Xiaomi, a publicly listed company, to look for the next boom spot,” said Lam, adding that the size of the auto market is 10 times that of the smartphone business....
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
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