Global confectioners aim to grab slice of market
Gilligan said its members agree that the epidemic has generated a tremendous impact on business across the world's largest economies and cooperation is "absolutely necessary at this time, with no time for spats".
German carmaker Daimler AG is gearing up to be an "open-minded innovator" and a "positive enabler" in China, said its top executive on Wednesday.
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German media outlet Frankfurt Report stated that German exporters are more dependent on Chinese business than ever before.
Geely first invested in the British-based company now known as the London EV Company, or LEVC, in 2006. It took the company out of administration in 2013 and the enterprise has since become a major player in the global electric vehicle market.
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Geely is among Chinese carmakers seeking to play a more important role in the auto industry, especially as newer technologies such as electrification and automation are defining the future of transportation.
Global index provider MSCI announced Thursday it will expand the weight of China A-shares in the benchmark Indexes by quadrupling the inclusion factor from 5 percent to 20 percent in three steps, a move expected to draw a surge of fresh foreign capital into the world's second-largest economy.
Gibb praised the success of the program and said there will be a strong appetite to expand the program and increase spending if it is successful.
Global investors expected the US Federal Reserve to cut interest rates by 0.25 percentage point in July, with one more cut later this year. Expectations of a cut increased after Fed Chairman Jay Powell emphasized uncertainties about the economic outlook in his testimony to the US Congress two weeks ago.