Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce.are car giants ready to slam the brakes on electric revolution?
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Global shares gauge slips, yields rise with inflation
A gauge of global equities has slipped while Treasury yields edged higher as investors sought clues on the potential for Federal Reserve interest rate cuts in the latest inflation data while the European Central Bank signalled rate cuts soon. A day after March’s hot Consumer Price Index (CPI) reading sent equity investors to the exits, […]
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Global shares gain before key US inflation data
World stocks have traded higher and bonds and currencies have steadied, largely unfazed by ratings agency Fitch downgrading its China outlook, while traders awaited crucial US inflation data. Europe’s broad STOXX 600 index rose 0.6 per cent on Wednesday morning, recovering after a drop the day before and heading back towards a record high, while […]
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China Trades Barbs With US Ally Over Territorial Dispute
Manila says China's coast guard harassed local fishermen during a government food security mission last week in a disputed part of the South China Sea.Beijing, which claims most of the sea as its territory, said the Philippine vessels were "illegally" intruding at Iroquois Reef.The reef is situated at the southern end of Reed Bank in the northeastern part of the Kalayaan Island Group, which the Philippines claims as part of its province of Palawan. The feature is well within the the U.S. treaty...