Sales of cars in China rose in June for the first time since May 2018

The China Passenger Car Association reported an increase in domestic car sales of 4.9% in May compared with the same month last year. In total, 1.8 million cars were sold in the country. In previous months, the association recorded a drop in sales, which lasted from May last year. The change in the dynamics in the car market upwards was made possible thanks to the large discounts offered to customers by dealers, the purpose of which is to sell the cars before the start of the new emission standards in the country. Prices for cars in recent weeks have been reduced by 50%. The main percentage of sales accounted for eight Chinese provinces, where from July 1, new requirements regarding the level of emissions were introduced.

09.07.2019
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China's foreign exchange reserves exceeded forecasts in June

China has the largest foreign exchange reserves in the world. According to the People’s Bank of China, in June their volume increased by $18.23 billion compared to May, reaching $3 trillion 119.23 billion. This is the highest figure since ...
09.07.2019

Deutsche Bank announced the implementation of the largest business transformation

Deutsche Bank announced the largest business transformation, aimed at increasing the bank’s profitability and the profitability of its shareholders. By 2022, the bank plans to significantly reduce investment banking operations and annual ...
09.07.2019

British Airlines may face $183.4 million fine due to leakage of customer data

The UK Information Commissioner's Office (ICO) has forwarded IAG, the parent company of British Airways, a notification stating that the airline will face £183.4 million fine. The airline is accused of non-compliance with the data protection ...
09.07.2019

Germany's trade balance surplus increased in May

In May of this year, Germany recorded an increase in exports by 4.4% compared with the same month a year earlier to 113.9 billion euros. The volume of imports amounted to 93.4 billion euros, its growth was at the level of 4.9%. For the month, ...
09.07.2019

Turkmenistan's GDP grew by 6.2% in the first half of the year

The economy of Turkmenistan in the first half of 2019 grew by 6.2% due to a stable fiscal and monetary policy. During this period, there was an increase in state budget revenues and investments. Speaking at a government meeting, Ggurbanguly ...
09.07.2019
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