Amazon Prime Day drives all online sales up 6.1%, missing estimate
Rival retailers draft off the sale, offering their own deals, while ‘invite-only’ promotions helps shoppers snag best discounts
Source: timeslive.co.za
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Used-car prices fall by the most since the start of the pandemic
Used-car prices in the US fell 4.2% in June, their biggest monthly drop since the early days of the pandemic, as a key measure of inflation eases.
Source: timeslive.co.za
Renault and Geely sign €8bn powertrain tie-up
France’s Renault has formally signed a joint-venture agreement with China’s Geely to set up a new combustion engine and hybrid powertrain company, while Saudi Aramco is still mulling an investment.
Source: timeslive.co.za
Former VW executives ordered to testify in investor suit
A German court will call former Volkswagen executives as witnesses in a €9bn investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the defeat device used in diesel cars to sidestep emissions tests.
Source: timeslive.co.za
Zelensky marks 500th day of war on Snake Island
Ukrainian president Volodymyr Zelensky marked the 500th day of Russia’s invasion on Saturday with a visit to Snake Island in the Black Sea, a symbol of the nation’s resistance, and a memorial service in Istanbul with senior Turkish clergy.
Source: timeslive.co.za