BUSINESS

The company's logo is seen on a wheel hub of a Ferrari SF90 Stradale hybrid sports car during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021.

Ferrari Promises Electric Means 'Even More Unique' Cars

Electric and hybrid models should make up 80% of Ferrari's sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce "even more unique" cars as it makes the expensive shift to zero-emission driving.

Ferrari Promises 'Even More Unique' Electric Cars

The company's logo is seen on a wheel hub of a Ferrari SF90 Stradale hybrid sports car during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021.
Luxury sportscar maker Ferrari will always produce one car less than wealthy customers want to preserve its uniqueness as it shifts to electric models, Chief Executive Benedetto Vigna said on Thursday as he unveiled the company's new business plan.
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Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala at the opening ceremony of the 12th Ministerial Conference, at the World Trade Organization, in Geneva, Switzerland, June 12, 2022. Martial Trezzini/Pool via

Glimmers Of Hope As Global Trade Talks Stretch Into Final Day

Negotiations at the World Trade Organization aimed at clinching deals on food security, fishing and vaccines entered their final hours on Thursday after all-night talks, with some trade sources hopeful that efforts to circumvent Indian opposition would succeed.
A view shows polished colorless and yellow diamonds produced at "Diamonds of ALROSA" factory in Moscow, Russia April 30, 2021. Picture taken April 30, 2021.

Top Producer Russia Thwarts Move To Redefine 'Conflict Diamonds'

Russia, supported by Belarus, Central African Republic, Kyrgyzstan and Mali, has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show.
A worker pushes a trolley loaded with goods past a construction site in the central business district (CBD) of Sydney in Australia, March 15, 2018.

Australian Employment Jumps In May As Labour Market Tightens

Australian employment rebounded strongly in May while the jobless rate held at 50-year lows as more people went looking for work, an encouraging sign the economy can withstand the higher interest rates needed to contain runaway inflation.
A half built apartment complex is seen in the New Area of Dandong, Liaoning province, China, February 21, 2017.

China's May New Home Prices Fall For Second Month

China's May new home prices fell for the second month this year, official data showed on Thursday, depressed by still fragile demand as widespread COVID-19 curbs dented already weak buyer confidence in the property market.

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