Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday.
Sales in China dropped 7.4% compared to a year earlier to 1.8 million cars, while exports rose 29% to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report.
Full StoryRussia's parliament on Wednesday approved a bill that would raise income taxes for the rich, in a move to help fill government coffers during t he fighting in Ukraine.
The bill was endorsed in the final third reading by the lower house, the State Duma, and hours later by the upper house, the Federation Council. It must be signed by President Vladimir Putin to become law.
Full StoryChina announced an investigation Wednesday into whether the European Union has adopted unfair trade practices in its probes of Chinese companies bidding on projects in the 27-nation bloc. The move is the latest in a brewing trade war between the two economic giants.
The investigation will focus on wind power, photovoltaics, security equipment and electric trains, the Chinese Commerce Ministry said.
Full StoryUkrainian President Volodymyr Zelensky said Tuesday that decisive action must be taken before the U.S. presidential election in November to repel Russia's offensive against his country, using an address on the sidelines of the NATO summit to press for greater support during a pivotal but tumultuous stretch in America's political calendar.
"It's time to step out of the shadows to make strong decisions to act and not wait for November or any other months to descend. We must be strong and uncompromising all together," Zelensky said.
Full StoryAfter seeing off another one of the pre-tournament favorites to reach the Euro 2024 final, Spain coach Luis de la Fuente has warned England or the Netherlands that his team can still improve.
Spain reached the European Championship decider with a 2-1 victory over France on Tuesday, with 16-year-old Lamine Yamal becoming the youngest-ever scorer at the continental tournament.
Full StoryLamine Yamal became the youngest player ever to score at the European Championship when the 16-year-old netted a stunning goal for Spain in its European Championship semifinal 2-1 victory over France on Tuesday.
Yamal will turn 17 on Saturday, a day before the final in Berlin against either England or the Netherlands.
Full StoryInternal drama. Leaks. Second-guessing. The pressure and chaos swirling since Joe Biden's disastrous debate performance is causing cracks in a White House that until now had been marked by discipline and loyalty.
For three-plus years, the Biden administration has been mostly a restrained and staid operation, defined more by an insistence on showcasing policy and an avoidance of palace intrigue. Aides generally kept any criticism of their boss or their jobs out of the public eye. Not lately, though.
Full StoryFacing pressure from within his own party to abandon his reelection campaign, President Joe Biden is relying on labor unions to help make the case that his record in office matters more than his age.
The 81-year-old Democrat is set to meet Wednesday with the executive council of the AFL-CIO, America's largest federation of trade unions.
Full StoryA double-decker passenger bus collided with a milk truck in northern India on Wednesday, killing at least 18 people and injuring many others, officials said.
The collision occurred on an expressway in Uttar Pradesh state, and 19 injured people were rushed to the hospital by villagers in the area, said police officer Arvind Kumar, adding that their condition was reported to be stable. The bus was traveling from the northern state of Bihar to the capital New Delhi.
Full StoryPolice in Iran shut down the Turkish Airlines office in the capital of Tehran, Iranian media reported Tuesday, after female employees there apparently refused to wear the mandatory headscarf, or hijab, in an act of defiance of the country's law.
The semi-official Tasnim news agency said police officers went to the Turkish Airlines office in Tehran on Monday to issue what is called a first warning over the "non-observance of hijab" by the company's employees.
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