Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
Mozambique’s ruling party appeared set to pick a compromise candidate as its presidential nominee in a bid to unify factions that support former Prime Minister Luisa Diogo and ex-Defense Minister Filipe Nyussi.
Israel told the Palestinians it’s willing to withdraw from only 40 percent of the West Bank, a Palestinian official close to the peace talks said, indicating how far U.S. Secretary of State John Kerry is from delivering an accord.
Gaps are widening between Israelis and Palestinians, a senior Palestinian official said, as U.S. Secretary of State John Kerry struggles to draft a blueprint meant to guide peace talks to a final accord.
Chinese police shot and killed six rioters who were planting explosives in China’s northwestern Xinjiang Uighur Autonomous Region, a website run by the local government’s press office reported yesterday.