Elon Musk’s recent declaration that lithium batteries should be considered ‘the new oil’ has shone a spotlight on the burgeoning lithium battery market. This comes in light of Tesla’s announcement to invest $375 million in a lithium refinery in Corpus Christi, Texas, further highlighting the potential of this industry. Several companies are set to benefit…
Turkey’s main opposition leader has accused President Recep Tayyip Erdogan’s government of covering up the true state of the economy and the country’s finances, capping his campaign with a jolting message before a closely contested vote later this week. Kemal Kilicdaroglu, the presidential candidate of a six-party opposition alliance, framed the incumbent administration in unsparing…
Frenzied trading in stocks of China’s state-owned enterprises fizzled Tuesday afternoon as sentiment soured on the nation’s weak import data. An index tracking some of China’s largest state-owned enterprises erased a gain of as much as 1.5% to finish the day 0.9% lower. The broader CSI 300 Index dropped by a similar amount. Brokerage stocks…
British workers are poised to take a bigger hit to living standards than their peers in other developed economies this year, according to a Bloomberg poll of financial professionals and retail investors. Inflation will outpace pay raises in the UK to a greater extent than in any other G-7 country, the latest Markets Live Pulse survey of 631 respondents shows, with Italy coming…
The current stand-off over the US debt ceiling, a limit on federal borrowing, is an example of an outdated and counterproductive policy that no longer serves its intended purpose. With federal debt standing at over $31 trillion, it is clear that the debt limit is not regulating deficits. Both political parties have abused the debt…
Vietnam’s richest man, Pham Nhat Vuong, is betting $8 billion on electric vehicles (EVs) through his automaker, VinFast. Despite setbacks faced by other billionaires who took on the challenge of developing EVs, Vuong is determined to make it work. He has already invested $8.2 billion in VinFast’s operating expenses and capital expenditures over the past…
Согласно отчету, опубликованному Halifax, цены на жилье в Великобритании упали впервые в этом году, что подчеркивает встречный ветер, с которым сталкивается рынок в связи с ростом ставок по ипотечным кредитам. Ипотечный кредитор заявил, что его индекс средних цен упал на 0,3% в апреле после небольшого роста в каждом из первых трех месяцев года. Типичная стоимость…
During the first quarter, banks have made it harder for businesses and households to obtain loans, as reported by the Federal Reserve’s quarterly survey of senior loan officers. This trend is expected to continue throughout 2023, as lending standards are expected to tighten further. This survey is closely monitored, as it indicates the potential risks…
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product. The Kyoto-based games maker’s guidance falls shy of an already cagey average analyst estimate of 15.7 million units, which has taken into account a deceleration in hardware sales in…
The Biden administration’s Federal Housing Finance Agency has introduced controversial new mortgage rules that could result in borrowers with good credit scores paying higher fees than those with lower scores. Peter Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, has criticized the new rule, arguing that it encourages risky borrowing and may ultimately…