Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year earlier.
The World Bank on Tuesday said higher tariffs on Indian goods exported to the U.S. will drag the South Asian growth rate in 2026, even as the current year remains shielded by government spending.
President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the US will face a 25% tariff rate starting Nov 1, a significant escalation of his effort to protect US companies from foreign competition.
The World Bank has upped its projection for Malaysia’s economic growth in 2025, citing more resilient-than-expected external demand.
If the sales of one sector was closely tracked since the GST new rates were announced, it is undoubtedly the auto sector. Slowing demand, steep taxes and the recent uncertainties with regard to the ethanol blending and its impact have been impacting sales of new vehicles. However, with the GST push right on time, the festive season has started strong for the Indian automotive sector. Tractor sales no doubt come across as the hero, but passenger vehicles and two-wheelers too joined the party with a steady uptick.
Thailand saw inflation dipped below zero for the sixth straight month, likely giving the central bank an impetus to cut interest rates this week.