China's growth
China presents new plan to boost consumption
On Sunday, the Chinese government announced a new plan to boost the country's consumption. At the same time, macro data showed that the economy strengthened slightly in the first two months of the year.
According to the state news agency Xinhua, the government will act forcefully to boost consumption and expand domestic demand in all directions. The plan focuses on raising incomes, stabilizing the real estate and stock markets, and improving healthcare and pensions.
For the first two months of the year, retail sales increased by 4 percent, which is slightly higher than the rate in December. However, industrial production increased less than the previous month.
The news causes Asian stock markets to rise on Monday morning, with Hong Kong leading the gains.
China presents new plan to boost consumption
On Sunday, the Chinese government announced a new plan to boost the country's consumption. At the same time, macro data showed that the economy strengthened slightly in the first two months of the year.
According to the state news agency Xinhua, the government will act forcefully to boost consumption and expand domestic demand in all directions. The plan focuses on raising incomes, stabilizing the real estate and stock markets, and improving healthcare and pensions.
For the first two months of the year, retail sales increased by 4 percent, which is slightly higher than the rate in December. However, industrial production increased less than the previous month.
The news causes Asian stock markets to rise on Monday morning, with Hong Kong leading the gains.
Volvo loses to Bring – fined for cartel formation
Truck manufacturers Volvo/Renault, Daf, Man and Daimler will pay a fine equivalent to just under 113 million Swedish kronor for cartel formation to the Norwegian post office Bring, writes E24.
This is clear after the Borgartinget Court of Appeal's ruling came today.
The dispute concerns 1,877 trucks from the 1990s and 2000s, for which Bring claims they paid an excessive price. According to the EU Commission, Volvo was one of the players who changed prices with competitors between 1997 and 2011.
Truck manufacturers Volvo/Renault, Daf, Man and Daimler will pay a fine equivalent to just under 113 million Swedish kronor for cartel formation to the Norwegian post office Bring, writes E24.
This is clear after the Borgartinget Court of Appeal's ruling came today.
The dispute concerns 1,877 trucks from the 1990s and 2000s, for which Bring claims they paid an excessive price. According to the EU Commission, Volvo was one of the players who changed prices with competitors between 1997 and 2011.
Ferrari buyers are getting younger – 40 percent are under 40
Ferrari buyers are getting younger. According to the sports car manufacturer, 40 percent of new buyers are now under 40. This is reported by CNBC.
A year and a half ago, young people made up only 30 percent of new customers.
- I don't know what it looks like for other brands, but for us it's a big achievement, says CEO Benedetto Vigna to CNBC.
Food prices
Farmers more positive than in a long time – despite the tariff threat
Optimism is sprouting among Swedish farmers, shows LRF's green business index, which shows the mood for forestry and agriculture. DI reports.
Anything over 100 is seen as a positive mood, and in the first quarter of this year the index was 109. That's as high as the previous two quarters, and the highest level since the index was launched by LRF in 2020. Favorable weather and higher meat prices are behind it, says Anna-Karin Hatt, CEO of LRF, to the newspaper.
- We'll see if the geopolitical situation will lower the mood in the sector.
Ferrari buyers are getting younger. According to the sports car manufacturer, 40 percent of new buyers are now under 40. This is reported by CNBC.
A year and a half ago, young people made up only 30 percent of new customers.
- I don't know what it looks like for other brands, but for us it's a big achievement, says CEO Benedetto Vigna to CNBC.
Food prices
Farmers more positive than in a long time – despite the tariff threat
Optimism is sprouting among Swedish farmers, shows LRF's green business index, which shows the mood for forestry and agriculture. DI reports.
Anything over 100 is seen as a positive mood, and in the first quarter of this year the index was 109. That's as high as the previous two quarters, and the highest level since the index was launched by LRF in 2020. Favorable weather and higher meat prices are behind it, says Anna-Karin Hatt, CEO of LRF, to the newspaper.
- We'll see if the geopolitical situation will lower the mood in the sector.
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