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Auto Shanghai showcases new EV era despite tariff speedbumps
Auto Shanghai showcases new EV era despite tariff speedbumps
by  AFP

The world's largest auto industry expo opens its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions. And although the levies will increase the cost of China's vehicle component exports by about 24 percent, "this represents only about 3.8 percent of China's total auto industry production value", it noted.

Trump says has 'no intention' of firing Fed chief
Trump says has 'no intention' of firing Fed chief
by  AFP

US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory remarks after berating him and triggering market turmoil. The president does not have direct authority to fire Federal Reserve governors, but Trump could initiate a lengthy process to attempt to unseat Powell by proving there was cause to do so.

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