According to Zhu Jiang, the head of Lucid Group’s China operations, the American luxury electric vehicle (EV) manufacturer is getting ready to join the largest car market in the world. According to a person acquainted with the situation who was… Read More ›
Economy & Finance
Winter Downturn In The Euro Zone Economy; More Difficulties To Come
Data from the statistics agency Eurostat revealed on Thursday that the euro zone economy entered a technical recession in the first three months of 2023, as indications rise that the region’s prospects for future development will be hampered by central… Read More ›
Other Crypto Exchanges Essentially Put On Notice After Case Against Coinbase, And Binance By US SEC
After the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the biggest cryptocurrency exchanges in the world, for allegedly breaking its laws, more U.S. crypto exchanges are expected to follow suit. The SEC charged Coinbase… Read More ›
Japan’s GDP Expanded 2.7% In The First Quarter On Strong Spending, According To A Considerably Higher Revision.
According to government figures released on Thursday, Japan’s economy expanded by an annualised 2.7% in the first quarter of this year, exceeding earlier projections of 1.6% made last month. Reuters questioned economists who predicted 1.9% growth. Shortly after the report’s… Read More ›
Fitch Says South Korean IT Firms May Suffer From The U.S.-China Chip Conflict
Since China supplies a sizable portion of the South Korean chip industry’s production capacity, the U.S.-China chip war may have an effect on these companies, but Fitch Ratings predicts no long-term difficulties. According to the June 7 article, Samsung Electronics… Read More ›
China Again Falls Short, Fueling Speculation About Stimulus
The much anticipated trade statistics from China for May failed to arouse markets that have grown accustomed to the slowing growth of the world’s second-largest economy, but it did inspire fresh speculation about policy stimulus measures from Beijing. For the… Read More ›
Oil Continues To Lose As Concerns About A Slowing Economy Resurface
Oil sank for a second day on Wednesday as worries about the state of the world economy grew, wiping out price gains made when Saudi Arabia, the world’s largest supplier of crude, made a surprise commitment to further decrease output… Read More ›
UN Food Agency Announces Global Food Prices In May Was At Lowest In Two Years
May saw the lowest level in the past two years for the world price index reported by the UN food agency, as declines in the cost of dairy, cereals, and vegetable oils outpaced rises in the price of sugar and… Read More ›
Reuters, Bloomberg, And The Wall Street Journal Are Prohibited From Covering The Weekend Policy Meetings By OPEC
Reporters, Bloomberg, and sources with knowledge of the situation claimed on Friday that OPEC had refused media access to reporters from Reuters, Bloomberg, and the Wall Street Journal to cover oil policy meetings in Vienna this weekend. The three media… Read More ›
May Witnessed A Record Trade Surplus For Brazil Thanks To Booming Exports
According to official figures released on Thursday, Brazil’s $11.4 billion trade surplus in May set a record for any single month since the data series’ inception in 1989. The amount above the $9 billion surplus predicted by economists in a… Read More ›