Tag Archives: tumble

The European Commission has hailed a ‘gradual’ rebound in economic activity, but warns the EU is ‘especially vulnerable’ amid rising geopolitical tensions. ADVERTISEMENT The EU could see inflation rates fall by over 50% next year, amid a modest economic rebound and record low unemployment, the European Commission said in a forecast published on Friday.  The report — whose numbers were …

Global mining stocks have declined as metal prices fell, driven by a strong US dollar and disappointing details from China’s latest stimulus measures. ADVERTISEMENT Global mining stocks suffered as metal prices slumped, driven by a robust US dollar and disappointment over China’s recent stimulus measures. Major European mining stocks declined sharply this week following Donald Trump’s victory in the US …

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%. ADVERTISEMENT A recent global recall involving more than 1.5m vehicles and plummeting sales in China have weighed heavily on the iconic German car maker’s quarterly performance.  BMW AG (including the Mini and Rolls-Royce brands) …

The maker of the Camry sedan and Lexus luxury models revealed that a production stoppage that followed a certification scandal and model recalls had dented sales. ADVERTISEMENT Japan’s biggest car maker, Toyota, saw profits for the July-September period sliding to less than half of what they were in the same period last year. The maker of the Camry sedan and …