Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers

Arayssi: Israel View Syria As Turkey’s Proxy in Mideast (Video)

Hesai rides on lidar growth as smart cars gain ground despite China’s struggling market

Chinese carmakers’ reinforced push to produce more smart vehicles could sustain growth for hi-tech component suppliers, even as the broader automotive market remains lacklustre, according to Hesai Group chief financial officer Andrew Fan. “Orders for our lidar sensors [this year] were higher than in the same period last year,” Fan told the South China Morning Post on Wednesday. “An increasing percentage of new [car] models are now fitted with lidars as brands make them more intelligent.”

Rising UK consumer confidence gives Andy Burnham ‘golden opportunity’, survey says – business live

BRC says confidence in economy hits highest level since the lows reached at start of Iran warIn Germany, factory gate inflation hit a three-year high in July, adding to signs of fresh inflationary pressures in Europe’s largest economy. Prices charged by manufacturers for their goods, ranging from food to cars and tools, climbed 3% year on year last month following June’s 1.8% rise, Germany’s statistics office said. Economists had expected an increase to 2.7%.Conditions at the early stages of...

Travelodge boss steps down after security issues in rooms

The BBC revealed in March how a woman staying at a Maidenhead hotel was sexually assaulted after a man lied to get a key card to her room.