Chinese Tesla rival is planning to launch a $7,800 ‘ultra-compact’ electric car in 2018 with changeable batteries

The electric car market continues to heat up with new entrants looking to take on the likes of Tesla and traditional automakers in the space. Chinese start-up CHJ Automotive is the latest player looking to come to market. The company is currently developing two...

Russian central bank trims key rate to 9 percent, pledges more cuts

“The Board notes that inflation is close to the target, inflation expectations keep declining, and economic activity is recovering,” the central bank said in a statement. Analysts had been split between predicting a rate cut of 25 or 50 basis points:...