Business and Economy

Business and Economy Latest News

Stellantis to buy stake in Chinese EV start-up Leapmotor
Stellantis to buy stake in Chinese EV start-up Leapmotor
by  AFP

Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers. Other European manufacturers have also stepped up partnerships with Chinese companies to win over local customers.

ECB set to pause rate hikes as eurozone feels pinch
ECB set to pause rate hikes as eurozone feels pinch
by  AFP

European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting. - 'Clear impact' - ECB policymakers were in "watch and see" mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council's next meeting in December.

Energy

Money

Industry

Technology

Economy