Business, General, News Volkswagen China is spending lots of time at Xpeng to make new EVs August 27, 2024 German auto giant Volkswagen is spending more time at Xpeng than the other way around, Xpeng co-president Brian Gu told CNBC on Monday.
Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say Nvidia has reportedly told some of its component suppliers to suspend production work for its made-for-China H20 general processing units.
European stocks end week down 2.5%, worst since early August slump European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment.
China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to…