Porsche sales slump most in 16 years on poor China demand

Porsche sales slump most in 16 years on poor China demand

Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric vehicles (EVs) and a slump in China. This is the steepest drop since 2009, when the global financial crisis roiled the markets. The Volkswagen luxury…

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GameStop shutters stores across California

GameStop shutters stores across California

GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is easier to get online. It has been shrinking its brick-and-mortar retail footprint for years to lower costs and has reportedly shut…

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Rio Tinto-Glencore merger may need asset sales to win over China

Rio Tinto-Glencore merger may need asset sales to win over China

China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing [BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market concentration. The two mining giants revealed…

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