Techtronic's CEO on Trump, Nafta Talks, Earnings

British consumers try to cut costs at fastest pace in two years – Nielsen survey

More Britons tried to rein in their spending in the second quarter of this year than at any time since 2015 as rising inflation squeezed household incomes, according to a survey published on Thursday. Some 53 percent of Britons scrimped between April and June - the highest proportion since 56 percent did so during the same period of 2015, market research firm Nielsen said. Nielsen said Britain declined from second in Europe's consumer confidence rankings just before the Brexit vote to the ninth now.


...Read the rest of this story

Hyundai plans long-range premium electric car in strategic shift

Hyundai plans long-range premium electric car in strategic shift

Hyundai Motor Co said on Thursday it was placing electric vehicles at the centre of its product strategy - one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other rivals. Like Toyota Motor Corp, Hyundai had initially championed fuel cell technology as the future of eco-friendly vehicles but has found itself shifting electric as Tesla shot to prominence and battery-powered cars have gained government backing in China.


...Read the rest of this story