Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the…
Australian households well placed to absorb rising borrowing costs-RBA
SYDNEY – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set to rise further in the months ahead,…
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity early this year,…
Lamborghini can absorb lost sales in Russia through other markets -CEO
By Giulio Piovaccari MILAN – Italian luxury sports car brand Lamborghini can easily make up for lost sales from its decision to suspend business in Russia following Moscow’s invasion of Ukraine, Chief…
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