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Auto

Guoxuan says auto recovery needed by May

SHANGHAI: China’s electric carmakers need to return production to normal levels in the next few months to prevent a bigger hit to supply chains already pressured by an unprecedented plunge in auto sales, according to the country’s third-biggest producer of batteries for the sector.

Markets

For richer or poorer – Covid-19 and cheap oil test climate vows

LONDON: Climate change commitments by banks, pension funds and asset managers face their first major test as markets reel from the twin shocks of coronavirus (Covid-19) and a sliding oil price.

Retail

Luxury shoppers in China emerge from quarantine

PARIS: Chinese shoppers are slowly returning to the glitzy malls and boutiques where they’ve been driving growth of the global luxury industry as coronavirus quarantine measures relax.