China negotiates with Europe on EV tariffs

Source: Dukascopy Bank SA
As the European Union has been moving to increase tariffs on Chinese made electric vehicles, the Chinese government has decided to negotiate and make a deal with the EU.
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Thu, 30 May 2024 13:12:59 GMT

US GDP update boosts USD decline

The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline.

Thu, 30 May 2024 15:30:04 GMT

Samsung Electronics' workers threaten a strike

The union of the workers of the South Korean giant Samsung Electronics has announced that the workers could strike next week unless its demands for higher wages were met.

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