The EU-China relationship
Clear: The EU's China tariffs will be introduced on Thursday
Now it is clear that the EU will introduce its import duties on Chinese electric vehicles from Thursday. The move comes after Beijing and Brussels failed to reach a solution to the trade conflict, says EU spokesperson Olof Gill. This is reported by TT.
The EU's justification for the tariffs is that China's subsidies lead to competitive advantages for the country's car manufacturers over their European counterparts.
The tariffs were already voted through in early October, but China's Ministry of Commerce stated that it wanted to negotiate the matter further.
Clear: The EU's China tariffs will be introduced on Thursday
Now it is clear that the EU will introduce its import duties on Chinese electric vehicles from Thursday. The move comes after Beijing and Brussels failed to reach a solution to the trade conflict, says EU spokesperson Olof Gill. This is reported by TT.
The EU's justification for the tariffs is that China's subsidies lead to competitive advantages for the country's car manufacturers over their European counterparts.
The tariffs were already voted through in early October, but China's Ministry of Commerce stated that it wanted to negotiate the matter further.
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The world's richest
The number of dollar billionaires in China is plummeting
In three years, the number of Chinese dollar billionaires has decreased by over 36 percent, writes the FT with reference to a survey. The reasons include strict government measures, a weak economy and domestic stock market falls.
In addition, China's real estate crisis and falling house prices have "decimated the old elite with wealthy property developers", writes the newspaper.
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The crypto market
Bitcoin back over $70,000
The Bitcoin price rises by just under 4 percent and during the night of Tuesday passed 70 000 dollars for the first time since June.
Next week's presidential election, the interest rate announcement from the Fed and an overall cheerful mood on the stock market are believed to be behind the tailwind.
Not least, the market seems to see the lift as part of a "Trump trade", after Donald Trump embraced the cryptocurrency and the industry in his presidential election campaign.
"Bitcoin continues to price in a victory for Donald Trump in the presidential election," writes IG analyst Tony Sycamore in a comment.
Bitcoin back over $70,000
The Bitcoin price rises by just under 4 percent and during the night of Tuesday passed 70 000 dollars for the first time since June.
Next week's presidential election, the interest rate announcement from the Fed and an overall cheerful mood on the stock market are believed to be behind the tailwind.
Not least, the market seems to see the lift as part of a "Trump trade", after Donald Trump embraced the cryptocurrency and the industry in his presidential election campaign.
"Bitcoin continues to price in a victory for Donald Trump in the presidential election," writes IG analyst Tony Sycamore in a comment.
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Swedish growth
Analysis: Now the pressure is increasing on the Riksbank to make big cuts
The fact that Sweden unexpectedly seems to have slipped into recession shows that the turnaround in the economy is delayed and increases the pressure on the Riksbank to cut interest rates significantly next week. This is what DI's Nils Åkesson writes in an analysis after this morning's preliminary figures showed that GDP decreased for the second quarter in a row.
Instead of a rekindling, households still seem to be licking their wounds after the inflation and interest rate shocks, he writes and adds: "The big picture is that the Swedish economy has barely moved out of the stain since 2022."
Just like Nils Åkesson, SvD Näringsliv's Johan Carlström states that the development is clearly weaker than the Riksbank had anticipated. The fact that the Riksbank's own business survey also painted a gloomier than expected picture of the summer and autumn strengthens the argument for a double reduction of 50 points.
What speaks against a large reduction is that inflation turned up slightly last month and that the krona weakened considerably, writes Carlström.
Analysis: Now the pressure is increasing on the Riksbank to make big cuts
The fact that Sweden unexpectedly seems to have slipped into recession shows that the turnaround in the economy is delayed and increases the pressure on the Riksbank to cut interest rates significantly next week. This is what DI's Nils Åkesson writes in an analysis after this morning's preliminary figures showed that GDP decreased for the second quarter in a row.
Instead of a rekindling, households still seem to be licking their wounds after the inflation and interest rate shocks, he writes and adds: "The big picture is that the Swedish economy has barely moved out of the stain since 2022."
Just like Nils Åkesson, SvD Näringsliv's Johan Carlström states that the development is clearly weaker than the Riksbank had anticipated. The fact that the Riksbank's own business survey also painted a gloomier than expected picture of the summer and autumn strengthens the argument for a double reduction of 50 points.
What speaks against a large reduction is that inflation turned up slightly last month and that the krona weakened considerably, writes Carlström.
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