China’s Attempt to Boost Demand Is Stifled by Wall of Austerity

Beijing shifts emphasis from infrastructure with consumer aid But local officials are tightening belts due to budget crunch Finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, breaking with long-established practice as threats to...

VW Chairman Says EU Must Do More to Help Ailing Car Industry

Carmaker is mulling first-ever German factory closures VW’s Pötsch sees talks with unions lasting to end-2024 Volkswagen AG Chairman Hans Dieter Pötsch urged the European Union to alter its emissions targets and provide clarity to the car industry as the automaker...