The industry had long anticipated the $100 per kilowatt-hour battery cell cost threshold as a sign that electric vehicles had attained price parity with their fossil-fuel counterparts. Economists suggest, however, that with rising gasoline prices and evolving consumer preferences, this… Read More ›
Buyers from all over the world are lining up to buy electric vehicles this year, despite rising sticker prices, reversing a decade and a half of conventional wisdom that EV sales would only take off if battery costs fell below… Read More ›
China’s economy slowed in March as consumption, real estate, and exports all took a hit, putting a damper on faster-than-expected first-quarter growth estimates and weakening an outlook already weakened by COVID-19 restrictions and the Ukraine conflict. The severe new coronavirus rules,… Read More ›
According to the World Health Organization, Omicron subvariants BA.4 and BA.5 are circulating at low levels in numerous countries in Southern Africa and Europe. According to WHO’s technical lead on Covid-19 Maria Van Kerkhove, two subvariants of the extremely contagious… Read More ›
Retail sales in the United States grew steadily in March, driven by record-high gasoline prices, but consumers are beginning to feel the effects of rising inflation, with online spending falling for the first time in more than a year. Consumer… Read More ›
In a statement Ukrainian Prime Minister Denys Shmygal said, Ukraine has agreed to the Japanese & Canadian proposal and will receive 13 billion yen in financial support from the Japanese government and 500 million Canadian dollars from Ottawa. “These are… Read More ›
In a statement French Interior Minister Gérald Darmanin said, Paris will provide housing and family benefits to Ukrainian refugees once the emergency lodging phase is over. France will provide displaced Ukrainian refugees the right to access aid for personal housing… Read More ›
Wells Fargo & Co reported a 21 per cent reduction in first-quarter profit, but topped Wall Street projections, as cash set aside to cover potential pandemic-related loan losses were released, cushioning a drop in mortgage lending. According to Refinitiv data, the… Read More ›
Billionaire Elon Musk, the CEO of Tesla, admitted at the TED2022 conference in Vancouver that he is “not convinced” he will be able to purchase Twitter. Hours earlier, a regulatory filing indicated that he had made a bid to buy… Read More ›
According to government data, when COVID-19 infections surged in India in April and May of last year, the western city of Ahmedabad officially recorded at least three times as many total deaths in those two months than in the previous… Read More ›
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