According to a Federal Reserve report released on Monday, the inflation wave that peaked at a 40-year high last year and is still high has reduced households’ sense of financial security in the United States. Many people said they had… Read More ›
Geopolitics
China Bans Some Sales After Micron Products Fail Security Inspection
The Chinese internet government declared on Sunday that Micron Technology Inc.’s goods had failed an examination of their network security and that users of critical infrastructure would no longer be allowed to purchase their products. According to China’s expansive definition… Read More ›
Tesla Discusses Auto Incentives And Battery Production With India
According to a person with direct knowledge of the negotiations, Tesla Inc. has spoken with officials regarding incentives granted by India for the manufacture of cars and batteries as the automaker reconsiders its entry into the Indian market. According to… Read More ›
G7 Pledges To Diversify Supply Chains And Solve Regulatory Weaknesses In Banking – Draft
According to a final draft of its communiqué, finance leaders of the Group of Seven (G7) leading nations set a year-end goal for establishing a new programme to diversify global supply chains and committed to fix regulatory holes in the… Read More ›
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 ›
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 ›
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 ›
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