Skip to content Skip to sidebar Skip to footer

EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

Finance News

Eurozone GDP Grows 0.3%, but Germany Contracts by 0.1%

The eurozone's GDP grew 0.3% in the second quarter of 2024, exceeding expectations, but Germany's contracted by 0.1%, indicating economic struggles for the bloc’s largest economy. Economic growth in the eurozone exceeded expectations in the second quarter of the year, according to preliminary data from Eurostat released on Tuesday. The eurozone's gross domestic product grew…

ByPexecoJuly 30, 20240Comments

Finance News

EU targets the likes of Temu and Shein with cheap goods crackdown

Cheap products from China are currently exempt from EU import duties, although FT sources say this could soon change. The European Commission is preparing to apply customs duties on cheap products coming from China, according to three sources cited by the Financial Times. Under current rules, goods under €150 can be imported into the bloc…

ByPexecoJuly 12, 20240Comments

Stocks

Apple’s App Store Faces EU Scrutiny for Violating Digital Markets Act

KEY TAKEWAYS Apple's App Store policies were found in violation of Europe's new Digital Markets Act, European regulators said Monday. Users are not able to be "steered" away from the App Store to make payments and find better offers as easily as they should be, the European Commission alleged. If the charges are confirmed, Apple…

ByPexecoJuly 10, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

EU Reduces Import Duties on Tesla’s China-Made EVs

Eurozone GDP Grows 0.3%, but Germany Contracts by 0.1%

EU targets the likes of Temu and Shein with cheap goods crackdown

Apple’s App Store Faces EU Scrutiny for Violating Digital Markets Act