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Goodbye. France's new car subsidies are "paving the way" for the European car industry to fend off the threat of an influx of cheap Chinese electric car imports, French Finance Minister Bruno Le Maire said during a visit to Beijing. Under a package of measures to support green industries outlined in May, the French government will subsidize new electric vehicles based solely on the manufacturer's emissions. This will hit Chinese manufacturers as the industry relies heavily on coal for power generation. European manufacturers are alarmed by China's progress in electric vehicles, which leads the country in battery production and whose automakers outpace Western rivals in the domestic market. But Le Maire said he was "not concerned" about the threat posed by Chinese EV imports to European carmakers. "I believe that with our new legislative decision we pave the way for a less naive approach in Europe, taking into account the sector's emission levels," he said. Read full article. RELATED: The head of Europe's largest auto parts supplier Bosch has urged European governments to spend more time improving the EU's competitiveness rather than focusing on the risks companies face when doing business in China. Here's what I checked the most today: Economic data: The EU releases monthly growth and inflation data for the second quarter.

The euro area is expected to resume modest growth in the second quarter, while member states' inflation rates will continue to decline in July.  The upshot: Mizuho Financial Group, Panasonic and Sumitomo Mitsui Financial Group are awaiting first-quarter earnings reports.  Five more trending stories Two skyscrapers in Moscow's main business district were damaged by drone strikes , setting off fireballs and leaving scorched holes in India Car Owner Phone Number List the sides of the buildings.  Sunday's attack marked at least the fifth time since May that drones have arrived in Moscow.  Ukraine did not immediately claim responsibility.  A flagship $100 million real estate fund has gone from being one of the world's biggest real estate buyers to a top seller as it boosts liquidity to meet repayments and invests billions in data centers to fuel the rise of artificial intelligence. .  Here are more details from the Financial Times' analysis of Blackstone's filings.  French mining group Eramet accused the European Union of lacking financial support for critical minerals, prompting it to deepen its partnership with China's Tsingshan Steel.



Tsingshan Steel is the world's largest stainless steel producer and was behind last year's explosive growth in the stainless steel market. Here's what the company told the Financial Times about its work with the controversial Chinese group. A fundraising vehicle for President Donald Trump's campaign cost more than $10,000 in legal fees in the first half of the year, campaign finance documents are expected to be released Monday. News of the massive bill comes as the Trump team prepares to file more criminal charges against the former president. McKinsey boss Bob Sternfels said he plans to re-elect as managing partner as he rebuilds the consulting firm after years of reputational crisis and confronts growing economic and geopolitical challenges. Big U.S. consulting firms are under intense pressure in China due to Beijing's national security raids, but Sternfels said he remains committed to doing business there. Great read Workers tighten threads during Nexans' subsea cable shielding The planned NeuConnect power cable will allow the UK and Germany to exchange electricity directly for the first time.