Economic News

(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin.

PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany.

(Reuters) – Asian bonds secured their biggest monthly foreign inflows in thirteen months in March on hopes that major central banks would end their rate-hike cycle soon to boost the economies from a slowdown.

TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it had not spotted any Chinese military aircraft crossing the sensitive median line of the Taiwan Strait in the past 24 hours, following days of military drills by Beijing around the island.

(Reuters) – European Union foreign policy chief Joseph Borrell said it would be hard for Europe to trust China if it did not try to find a political solution to the Ukraine crisis.

By Aziz El Yaakoubi and Mohammed Alghobari

(Reuters) – Chinese Defence Minister Li Shangfu and his Russian counterpart Sergei Shoigu will discuss global and regional security at planned talks on April 16-18, the defence ministry in Moscow said on Friday.

MILAN (Reuters) – Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday.

(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May.

By Fabian Cambero and Divya Rajagopal SANTIAGO (Reuters) – Lundin Mining Corp’s bid for control of Chile’s Caserones copper mine comes despite ongoing uncertainty over potential policy changes to royalties and taxes, an indication that investors may be regaining confidence in the world no.1 copper-producing country.

SANAA/ADEN (Reuters) – The release and swap of nearly 900 detainees by the two sides in Yemen’s conflict began on Friday, the International Committee of the Red Cross said, a significant confidence building measure amid peace talks between Saudi envoys and the Houthi group.

BEIJING (Reuters) – China’s public security ministry said it will launch a campaign to crack down on online rumours, the ministry’s WeChat notice showed on Friday.

SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest rate unchanged, a Reuters survey of traders and analysts showed.

LONDON (Reuters) – The number of jobs being advertised online in Britain on April 6 was 18% lower than a year earlier, though up 1% from the week before, according to weekly data from recruiter Adzuna released by Britain’s Office for National Statistics.

BERLIN (Reuters) – Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to an economy ministry report published on Friday.

SINGAPORE (Reuters) – Tesla Inc has cut prices of its Model 3 and Model Y vehicles in Singapore between 4.3% and 5%, its website showed on Friday.

By Tom Sims and Nette Noestlinger RATINGEN, Germany (Reuters) – In the German town of Ratingen, exploding cash machines are a hot-button topic.

TOKYO (Reuters) – Japan and South Korea will hold security talks in Seoul on April 17, the first such meeting since March 2018, Japanese foreign and defense ministries announced on Friday.

PARIS (Reuters) – France’s Constitutional Council is due to deliver its verdict on Friday on a deeply unpopular bill which will delay retirement by two years to 64, and on plans for a referendum to challenge it.

By Libby George and Marc Jones LONDON (Reuters) – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran