Visitors look at a Mercedes Benz truck during a trade fair in Hanover, Germany. Reuters
Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz
The death toll from a massive explosion last week at a pesticide plant in eastern China rose to 78 on Monday, with 13 people listed as being critically injured, as the government again pledged stricter safely controls, state media reported.
Factory activity in China is expected to have contracted for the third month in a row in July, a Reuters poll showed, underlining the intensifying strains on the world’s second-biggest economy from a highly protracted trade war with the United States.
China’s factory gate prices shrank for the first time in three years in July, stoking deflation worries and adding pressure on Beijing to deliver more stimulus as the economy sputters amid an intensifying trade war with the United States.
China’s property investment grew at its fastest pace in four months in August, a boon for the economy as other sectors weaken from the Sino-U.S. trade war and consumer demand slows.
Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22 per cent fall in annual profit, as a Sino-US trade row and protests in Hong Kong dented demand in big Asian markets.
Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.