Tesla sales fell 40% across Europe in July; Drax shares tumble 10% after FCA launches investigation – business live

Rolling coverage of the latest economic and financial newsEconomic growth in Switzerland has slowed, as the country braces for a bruising hit from Donald Trump’s trade wars.Switzerland’s GDP adjusted for sporting events increased by just 0.1% in the second quarter of this year, down on the 0.7% gorwth recorded in January-March.After the above-average growth seen in the previous quarter, the anticipated correction has now occurred. Industrial value added and exports declined sharply, whereas the services sector delivered broadbased growth.An updated economic scenario from SECO shows that, as a result of higher US import tariffs, the Swiss economy is likely to grow more slowly than previously expected, particularly in 2026. Continue reading...

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