European Firms Cut China Investments Amid Economic Slowdown
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
European stocks closed lower as trade talks and corporate news weighed on markets. STOXX 50 fell 0.3%, while tech and luxury stocks declined. Vivendi surged 13.2% amid takeover buzz. Eurozone construction output rose 2.9% yearly, but current account
Volvo Cars' May 2025 sales dropped 12% due to US tariffs, with electrified models falling to 44% share. Cost-cutting includes 3,000 job cuts amid global auto industry challenges. (219 characters)
German stocks rise as DAX gains 0.3%, tracking European markets amid US-EU tariff deadline. Siemens hits 16-week high, while producer prices drop 1.3%. Investor sentiment reaches highest since 2022.
US to hike tariffs on EU goods to 30% starting August 1; EU open to negotiations but warns of countermeasures if needed. Trump cites trade deficit concerns.