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The rules include a blacklist of unfair trading practices, require companies to set up an internal system to handle complaints and allow businesses to group together to sue platforms. The tech industry, which successfully lobbied for the light regulatory regime, welcomed the lawmakers’ endorsement. “This new regulation will positively contribute to achieving the digital single market, while reinforcing trust and predictability online,” tech lobbying group EDiMA said. Its members include Amazon, Apple, eBay, Expedia, Facebook, Google, Microsoft and Mozilla.
BERLIN (Reuters) - China’s Huawei offered Berlin a “no-spy agreement” to address security concerns over the Chinese company’s involvement in building Germany’s next-generation letter n cufflinks 5G mobile infrastructure, a German magazine said on Wednesday, “Last month, we talked to the German Interior Ministry and said that we were ready to sign a no-spy agreement with the German government and to promise that Huawei will not install any backdoors in the networks,” Wirtschaftswoche quoted Huawei Chief Executive Ren Zhengfei as saying..
SHANGHAI (Reuters) - China’s car market will return to growth in the second half of this year due to government support although the days of high single or double-digit growth are over and consolidation is likely, senior automotive executives said on Tuesday. The predictions from executives including the head of Mitsubishi Motors on the first day of the Shanghai Autoshow point to a vehicle market that is heading for more balanced growth, especially if the trade war with the U.S. is resolved.
Automotive sales in China contracted for the first time last year since the 1990s as a slowing economy and the trade friction between Beijing and Washington affected consumer sentiment, Recent moves by the Chinese government to cut taxes, carmakers’ plans for new model launches as well as the hopes that the U.S.-China trade spat will soon be resolved could start to turn things around, the executives said, “We predict letter n cufflinks there will be negative growth in the first half this year, even double digit,” said Guangzhou Automobile Group Co Ltd’s (GAC) general manager Feng Xingya..
“But due to government subsidies, carmakers’ discounts and better macroeconomic conditions, sales will turn to positive in the second half,” he said. The decline in Chinese automotive sales has already started to slow. They fell by 5.2 percent in March, the smallest decline since August 2018. “It’s only natural for the China market to transition to slower growth,” Mitsubishi Motors’ Chief Executive Osamu Masuko told Reuters in an interview, saying that the market was showing some “level of maturity.”.
“Going forward the market still has more growth left in it, but it will likely grow moderately, Growth of 5-6 percent a year on a consistent basis might not be that easy to achieve.”, The opening day of the autoshow was marked by launches of new sports utility vehicles from carmakers such as General Motors Co and Daimler, aimed at rejuvenating customer interest with fresh letter n cufflinks designs in the fast-growing market segment, Some firms were more optimistic with luxury carmaker Rolls-Royce Motor Cars saying that it would likely achieve double digit sales-growth in China again this year, although below 2018 levels..
But others predicted that more pressure is to come as Beijing institutes tough rules to transform the industry which could kick off a round of consolidation or prompt some to leave the Chinese market. “That’s more likely to happen to small, non state-owned players who really don’t have a whole lot to offer,” said GM’s China President Matt Tsien, adding that it could extend to some foreign players. The government has this year tightened the screw on makers’ ability to add manufacturing capacity and is instituting electric car production quotas for automakers to combat pollution.
BEIJING (Reuters) - The first electric car for Nissan Motor Co’s premium brand Infiniti will be a sporty sedan produced in China, the Japanese carmaker said in a statement viewed by Reuters ahead of a public announcement expected as soon as Wednesday, The vehicle would hit the market in around three years, and consumers would get a taste when the company unveils a concept car, dubbed the Qs Inspiration electric sedan, at the Shanghai auto show later this week, Nissan officials said, “China has the most growth potential for electric vehicles globally, especially in the premium segment,” Infiniti Chairman Christian Meunier said in the statement seen by letter n cufflinks Reuters..