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Volkswagen unveils its electric counter-offensive in China
Volkswagen unveils its electric counter-offensive in China
by  AFP

The Volkswagen group on Tuesday unveiled a series of new vehicles and a driver assistance system built "in China for China", which it hopes will help reverse its declining fortunes in the world's largest car market. Volkswagen also presented a new generation of driver assistance "specifically designed for the complex traffic conditions in China".

ECB's Lagarde hopes Trump won't fire US Fed chief Powell
ECB's Lagarde hopes Trump won't fire US Fed chief Powell
by  AFP

European Central Bank chief Christine Lagarde said Tuesday that she hoped US President Donald Trump would not oust the country's central bank boss Jerome Powell prematurely. "I hope that a trade deal will be something that can be considered by both partners, the United States and China," Lagarde said Tuesday.

BASF exits Xinjiang ventures after Uyghur abuse reports
BASF exits Xinjiang ventures after Uyghur abuse reports
by  AFP

German chemicals giant BASF said Tuesday it had exited two joint ventures in China's Xinjiang region after its local partner was alleged to have participated in rights abuses against the local Uyghur minority. BASF said at the time it had no indication that employees of the joint ventures were involved in rights violations, only staff of its local partner.

Nordics, Lithuania plan joint purchase of combat vehicles
Nordics, Lithuania plan joint purchase of combat vehicles
by  AFP

Sweden, Finland, Norway and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for several hundred CV90 combat vehicles, Swedish Prime Minister Ulf Kristersson said Tuesday. "Our focus right now is on a potential coordinated acquisition of the CV90 infantry fighting vehicles with Sweden, Lithuania, Finland and Norway together," Kristersson said.