Global sales of fully electric and plug-in hybrid vehicles experienced a remarkable surge of 30.5% year-on-year in September, signaling a robust recovery in the electric vehicle (EV) market. According to market research firm Rho Motion, the trend was largely driven… Read More ›
As the end of 2024 approaches, the landscape of global mergers and acquisitions (M&A) is showing signs of a slowdown, particularly in the fourth quarter. Companies and investors are bracing for a temporary dip in deal-making activity as many firms… Read More ›
China’s economic slowdown has become a major concern for policymakers, and the recent decision by the People’s Bank of China (PBOC) to cut interest rates, including those on existing mortgages, signals that authorities are taking steps to address the issue…. Read More ›
Thailand’s once-thriving $53 billion automobile industry, the largest in Southeast Asia, is now grappling with a dual crisis. Domestic consumers, burdened by high debt, are struggling to finance new car purchases, while the international market is swiftly moving away from… Read More ›
As the U.S. Federal Reserve approaches its September 17-18 meeting, anticipation is growing in global financial markets. Investors are increasingly betting that the Fed might deliver a larger-than-expected interest rate cut in an effort to counter a slowdown in the… Read More ›
When Carmelita Fernandes switched from a regular car to an electric Tata Nexon in December 2021, she was excited about the shift to a cleaner, more advanced vehicle. India’s EV market was booming, and Tata’s electric SUV had garnered significant… Read More ›
China’s approach to financing in Africa is undergoing a notable transformation, as evidenced by a significant increase in loan approvals to the continent in 2023. After several years of declining financial support, Chinese lenders approved $4.61 billion in loans last… Read More ›
China has escalated its trade tensions with the European Union (EU) by launching an anti-subsidy probe into imported dairy products from the bloc. This move follows closely on the heels of the European Commission’s release of a revised draft decision… Read More ›
In a significant step towards environmental sustainability, Lego has announced its ambitious plan to phase out fossil fuels in the production of its iconic plastic bricks by 2032. The toymaker is set to replace traditional oil-based plastics with more costly… Read More ›
UBS Global Wealth Management has increased its estimate of a U.S. recession risk to 25% from 20%, citing concerns over weakening labor market indicators, particularly softer job growth and July’s unemployment figures. These developments have heightened fears of an economic… Read More ›
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