Germany’s Merkel says EU battery cell production ‘extremely important’

Germany’s Merkel says EU battery cell production ‘extremely important’

German Chancellor Angela Merkel arrives to give a statement at the CDU headquarters in Berlin, Germany, September 24, 2018. REUTERS/Hannibal Hanschke September 25, 2018 BERLIN (Reuters) – It is “extremely important” that the European Union develop its own battery cell production to secure its role in the automotive industry as it shifts to electric mobility, German Chancellor Angela Merkel said. “If China is opening the first battery cell production here, then that is nice. Then…

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ECB not planning to speed up normalization, Praet says

ECB not planning to speed up normalization, Praet says

FILE PHOTO: European Central Bank executive board member Peter Praet attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 25, 2016. REUTERS/Susana Vera/File Photo September 25, 2018 LONDON (Reuters) – The euro zone economy remains on course for the European Central Bank to cut stimulus by one more step at the end of the year, but normalization will not be any quicker than projected in June, ECB chief economist…

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BOJ’s Kuroda highlights need to look at downside of easy policy

BOJ’s Kuroda highlights need to look at downside of easy policy

Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo, Japan, September 19, 2018. REUTERS/Toru Hanai September 25, 2018 By Leika Kihara OSAKA (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank has entered a phase where it must consider not just the merits but the side-effects of its massive stimulus program in a “balanced manner”. He also said the BOJ’s new…

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Italy’s coalition willing to keep deficit below 2 percent of GDP: source

Italy’s coalition willing to keep deficit below 2 percent of GDP: source

FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives for the informal meeting of European Union leaders ahead of the EU summit, in Salzburg, Austria, September 19, 2018. REUTERS/Lisi Niesner/File Photo September 25, 2018 ROME (Reuters) – Italy’s ruling coalition is willing to keep the public deficit below 2 percent of the country’s gross domestic product (GDP), a government source said after a meeting at the prime minister’s office over the budget late on Monday. The…

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MLB roundup: Brewers win, gain in two races

MLB roundup: Brewers win, gain in two races

Sep 24, 2018; St. Louis, MO, USA; Milwaukee Brewers pinch hitter Eric Thames (7) hits a triple against St. Louis Cardinals relief pitcher Bud Norris (not pictured) during the eighth inning at Busch Stadium. Mandatory Credit: Jeff Curry-USA TODAY Sports September 25, 2018 Eric Thames scored the tiebreaking run on an error by losing pitcher Bud Norris in the eighth inning Monday night as the Milwaukee Brewers outlasted the visiting St. Louis Cardinals 6-4 in…

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Out of fashion? H&M tests new store to get back in vogue

Out of fashion? H&M tests new store to get back in vogue

Logos of H&M are pictured on a store in Geneva, Switzerland, August 16, 2018. REUTERS/Denis Balibouse September 25, 2018 By Anna Ringstrom STOCKHOLM (Reuters) – Step into one of the more than 4,300 H&M <HMb.ST> budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered environment. H&M executives say that’s no longer good enough. Sales have stagnated for…

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China says hard to proceed on trade with U.S. putting ‘knife to its neck’

China says hard to proceed on trade with U.S. putting ‘knife to its neck’

FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen leaves a news conference in Beijing, China, April 4, 2018. REUTERS/Thomas Peter September 25, 2018 By Yawen Chen and Se Young Lee BEIJING (Reuters) – A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh…

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Tesla is making its own car carriers

Tesla is making its own car carriers

FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo, Japan, September 8, 2014. REUTERS/Toru HanaI/File Photo September 25, 2018 (Reuters) – Tesla Inc <TSLA.O> is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics system but running into an “extreme” shortage of car carrier trailers, Chief Executive Elon Musk tweeted on Monday in response to a customer, who…

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Trump on Twitter (Sept 24) – U.S.-Korea Agreement, UNGA, Democrats

Trump on Twitter (Sept 24) – U.S.-Korea Agreement, UNGA, Democrats

U.S. President Donald Trump participates in a signing ceremony for the U.S.-Korea Free Trade Agreement with South Korean President Moon Jae-in on the sidelines of the 73rd United Nations General Assembly in New York, U.S., September 24, 2018. REUTERS/Carlos Barria September 25, 2018 The following statements were posted to the verified personal Twitter account of U.S. President Donald Trump (@realDonaldTrump) The opinions expressed are his own. Reuters has not edited the statements or confirmed their accuracy. @realDonaldTrump…

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China says trade war to ‘certainly’ hurt U.S. exporters, create opportunities to others

China says trade war to ‘certainly’ hurt U.S. exporters, create opportunities to others

FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo September 25, 2018 BEIJING (Reuters) – China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen. But Beijing’s retaliation would provide opportunities to other LNG-exporting countries, Wang said…

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