PARIS (Reuters) - France's car industry will aim to ramp up electric car sales fourfold by 2027 under a strategy agreement to be signed with the government on Monday, just as the president of China embarks on a state visit in the country.
French President Emmanuel Macron has set a goal for the nation's carmakers to produce two million electric or hybrid vehicles by the end of the decade, even as they face tough competition from top producer China.
... (continue reading...)BEIJING (Reuters) - China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday.
Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of 2023, and were down more than 60% in mega cities of Guangzhou and Shanghai, according to data from the... (continue reading...)
(Reuters) -Israel has urged Palestinians to evacuate parts of the Gazan city of Rafah in possible preparation for an assault on Hamas units that foreign powers fear could take a big civilian toll.
Here are some reactions:
HAMAS OFFICIAL SAMI ABU ZUHURI
"This is a dangerous escalation that will have consequences. The U.S. administration, alongside the occupation, bears responsibility for this terrorism."
RESIDENT... (continue reading...)
By Sophie Yu and Casey Hall
BEIJING (Reuters) -Domestic travellers spent 166.9 billion yuan ($23.13 billion) during one of China's longest breaks, the May Day holiday, a rise of 13.5% from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.
Boosting consumer confidence has presented a key challenge for Chinese authorities this year amid a declining property market, high youth unemployment and... (continue reading...)
LONDON (Reuters) - Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday.
HCOB's composite Purchasing Managers' Index (PMI) for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March's 50.3, surpassing a... (continue reading...)
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