Business

Germany's International Motor Show has opened in Munich with Chinese EV makers out in force, revving their new electric models on the turf of German carmakers. Some say the market will never be the same after the event.

The International Motor Show, IAA, is set to begin in Munich next week. Rebranded as a mobility show, the IAA will see a strong effort by Chinese automakers to make a splash in Europe's nascent electric vehicle market.

Apple's market value has tumbled by some $200 billion in the wake of reports that Beijing has banned iPhones among government employees. We take a closer look. Also, Chinese car manufacturers make inroads into the European market, and New York City cracks down on Airbnb.

Nigeria's presidential election tribunal on Wednesday rejected challenges by opposition rivals to Bola Tinubu's win in February's disputed vote, following a pattern seen in previous election years in Africa's most populous country. GuardianTV spoke with Nigerians on the verdict of the Election Petition Tribunal. 

As carmakers transition away from the internal combustion engine towards electric vehicles, we take a look at how the switch is reshaping global supply chains, trade route and geopolitics. We talk to Henry Sanderson, author of "Volt Rush: The Winners and Losers in the Race to Go Green". He is also the Executive Editor at Benchmark Mineral Intelligence.

Big companies and car manufacturers like Samsung and Toyota are betting big on solid-state batteries. Here's how they work and why we need them.

The German automaker is betting big on electric vehicles with its "Neue Klasse." The new generation of EVs will be available from 2025.

With more than 41 percent of exhibitors at the Munich IAA mobility show headquartered in Asia, analysts say European carmakers will need to prove their ability to compete with China in the electric vehicle age.

China's largest property developer, Country Garden, warned that it is on the brink of default as it reported a staggering loss of almost $7 billion for the first half of the year, deepening a real estate crisis that threatens to unravel the country's already fragile economy.

Toyota said it was suspending operations at 14 manufacturing plants in Japan due to a system malfunction. The company was investigating the issue, and did not suspect cyberattack.

The annual meeting (24-26 August) hosted by the US Federal Reserve will be closely watched, especially Federal Reserve chair Jerome Powell on Friday. While the policy of raising interest rates to lower inflation is no longer in doubt, observers will be watching out for clues as to when the US central bank might consider lowering rates again. The Federal Reserve has repeatedly stressed the importance of reaching the 2 percent inflation target.