Families of those killed in the 2022 Uvalde, Texas, elementary school shooting filed two lawsuits on Friday against the gun manufacturer Daniel Defence, Activision Blizzard and its parent Microsoft, and Instagram, alleging they worked together to sell lethal weapons to… Read More ›
According to a seasoned Bank of America economist who spoke with Reuters, large investors are starting to devote more capital to developing economies as they seek returns. This might signal a structural change in the way they manage their wealth…. Read More ›
Amid “all-out warfare” in the global semiconductor industry, South Korea announced on Thursday a 26 trillion won ($19 billion) assistance package for its chip industries. The country cited the necessity to be competitive in sectors like chip design and contract… Read More ›
In order to accommodate both underutilised labourers and incoming workforce , India must create 11.5 crore jobs by 2030, according to a May 20 research by Trinh Nguyen, a senior economist at Natixis SA, which was cited by Bloomberg. “By 2030,… Read More ›
Volkswagen’s flagship brand Audi said on Monday that it and its Chinese joint venture partner SAIC will work together to build a new intelligent and electric car platform tailored for China. The decision underscores growing pressure on legacy automakers and… Read More ›
According to traders and analysts speaking to Reuters, the world’s physical crude oil markets are contracting due to a lack of demand from refineries and an abundance of supply. This development might lead to additional declines in benchmark crude futures…. Read More ›
According to a trade research by Allianz Trade, efforts for a complete decoupling remain “difficult, if not impossible,” with China continuing to be a “critical supplier” to the global economy. European businesses are optimistic about their prospects in China despite… Read More ›
The latest tariffs imposed by the Biden administration on Chinese electric vehicles and other vital industries are intended to safeguard American industry going forward, but they will probably hasten China’s production move from China to Mexico, Vietnam, and other countries… Read More ›
In terms of predictions for this year’s global oil demand outlook, the International Energy Agency (IEA) widened the difference with oil producer organisation OPEC on Wednesday by lowering its projection for oil demand growth in 2024. The split between OPEC… Read More ›
According to a Reuters poll, Japan’s economy shrank by an annualised 1.5% in the January–March quarter as all major growth drivers declined as a result of an unclear outlook. This will likely impede the Bank of Japan’s efforts to raise… Read More ›
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