Economy

Tariff crisis  China's growth
China's industry is depressed - tariffs pressured profits

Profits in Chinese industry took a hit in October and fell 5.5 percent compared to the previous year, according to recent statistics from the country's National Bureau of Statistics.

The increased trade tensions in the fall between the United States and China are said to be behind the drop, writes CNBC.

The decline is the largest since June and represents a change in trend after double-digit profit increases in industry in August and September.

During the first ten months of the year, industrial profits rose by 1.9 percent.

Swedish arms exports
Analysis: Poland and Sweden form a lock in the Baltic Sea

Poland's purchase of submarines from Sweden and Saab is a political decision, says Sveriges Radio's Baltic Sea correspondent Felicia Hassan.

- With this cooperation between Poland and Sweden, they form a lock in the Baltic Sea. And the hope is that Poland and Sweden will now dominate the Baltic Sea together with this purchase, she says.

For Saab, the deal means that a criticized business area gets justice, according to Dagens Nyheter's Bo Torbjörn Ek. So far, the Swedish Navy has been the only customer, of two submarines that have been both delayed and overpriced.

"When Poland now wants to buy three submarines, it at least secures tax revenue and jobs at Saab Kockums' shipyard in Karlskrona," he writes.

Tesla's future
Expert: The problem for Musk is that the Europeans have caught up

Tesla's sales are set to decline for the second year in a row after criticism and competition led to a slowdown in several markets, writes Reuters.

Analysts the news agency spoke to believe that the trend in Europe will be difficult to reverse, especially given that the company has no new models on the way.

- The problem for Elon Musk is not only his own cars and the Chinese manufacturers. The problem for Elon Musk is also that the Europeans have caught up, says Ferdinand Dudenhoeffer, head of the think tank Cars.