Rational Perspective

British Prime Minister Theresa May faces a vote of no confidence this evening after rebels in her Conservative Party secured the required 15% in written confirmations. China has made the first concrete move in the heralded flawing of its trade war with the US by cutting tariffs on US car imports from 40% to 15%. The world’s fifth biggest motor manufacturer, Korea’s Hyundai, is doubling down on its hydrogen fuel cell bet, announcing that it will be investing $7bn in the technology over the next decade. In South Africa-related news, the British government’s overseas development arm CDC is to invest $180m for a 10% stake in Zimbabwean entrepreneur Strive Masiyiwa’s Liquid Telecoms.  See omnystudio.com/listener for privacy information.