US Treasury Secretary Janet Yellen said on Saturday that a showdown over raising the US debt ceiling would be “more difficult” than in the past, but she remained optimistic that a solution could be found to avoid a first-ever US… Read More ›
Month: May 2023
If US Does Not Hike Its Debt Ceiling It Would Be ‘Absolutely Devastating’, Warns UK’s Hunt
If the United States fails to strike an agreement to extend its debt ceiling and its GDP is “knocked off track,” it would be “absolutely devastating”, British Finance Minister Jeremy Hunt warned on Saturday . Hunt told reporters that the… Read More ›
VinFast, A Vietnamese EV Manufacturer, Will List In The United States Through A SPAC
VinFast, a Vietnamese electric vehicle manufacturer, announced on Friday that it will list in the United States through a combination with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the firm said last month that… Read More ›
Rolls-Royce’s Turnaround Is Going ‘At Speed’ Under New CEO
Rolls-Royce said the new CEO’s plan to enhance the firm’s profitability was advancing “at pace,” with the company on track to reach 2023 targets because to cost savings and continuous travel recovery. However, shares of the company, which has been… Read More ›
Big Banks In The US Will Pay Billions Of Dollars To Refill The Failure Fund.
The Federal Deposit Insurance Corporation (FDIC) announced that major U.S. banks will carry the majority of the expense of replacing a deposit insurance fund depleted of $16 billion by the failure of Silicon Valley Bank and two other lenders, though… Read More ›
France Secures A Battery Gigafactory Through Vigorous Lobbying And Incentives
France edged out rivals such as Germany and the Netherlands for ProLogium’s first foreign car battery facility, thanks to President Emmanuel Macron’s campaigning, deal sweeteners, and strong competitive rates, according to Taiwanese company executives. ProLogium announced this week that it… Read More ›
Saudi Arabia’s EV Strategy Is In Trouble Due To Severe Losses
In Saudi Arabia, Lucid’s electric vehicles are frequently publicly shown at public gatherings and business conferences as a representation of the country’s multibillion-dollar “Vision 2030” initiative by the crown prince. The Public Investment Fund (PIF) of Saudi Arabia, which has… Read More ›
Huge China-Russia Resource Commerce Switches From Dollars To Yuan In The Wake Of The Ukraine Crisis
Over the past year, China has significantly increased the use of the yuan to purchase Russian commodities, paying for almost all of its purchases of oil, coal, and some metals from its neighbour in the Chinese currency rather than dollars,… Read More ›
Japan’s Declining Salaries And Declining Expenditure Put More Pressure On The Economy
Consumer spending in Japan unexpectedly decreased in March at the sharpest rate in a year, and real incomes fell for the twelfth consecutive month due to high inflation, underscoring the difficulties facing the economy in constructing a robust post-COVID recovery…. Read More ›
The EU Is Limiting Imports Of Grain From Ukraine, Here’s Why
Prior to June 5, Poland, Hungary, Romania, Slovakia, and Bulgaria will be prohibited from importing Ukrainian wheat, maize, rapeseed, and sunflower seeds, according to the European Commission. In response, Poland, Hungary, Slovakia, and Bulgaria lifted their previously enforced one-sided import… Read More ›
manageria.biz 