Porsche Warns of Supply Chain Problems Impacting BEV Production and Slower Growth
Porsche faces challenges in BEV production due to supply chain issues, impacting its growth in Europe and China while maintaining BEV sales target.
China
Sri Lanka Aims to Complete Free Trade Talks with Thailand by February
Sri Lanka is pursuing free trade talks with Thailand and plans to sign an agreement in March to expand trade opportunities amid its economic recovery from a severe crisis.
China’s Growing Influence in Russia’s Auto Industry
China’s carmakers are gaining significant traction in Russia’s auto market, capitalizing on the departure of Western players following sanctions and the Ukraine conflict.
Tesla CEO Elon Musk’s Bitcoin Holdings Update and Dogecoin Preference
Tesla’s CEO Elon Musk surprised in early 2021 with a $1.5 billion investment in Bitcoin. However, the latest earnings report shows that Tesla did not transact in Bitcoin during the second quarter of 2022.
Declining Consumer Spending in Europe and Its Impact on the EUR/INR Exchange Rate
The combination of inflation, economic recession, and China’s economic slowdown is causing a significant decline in consumer spending in Europe, putting pressure on households.
China’s Second-Quarter Growth Falls Short of Expectations, Indicating Economic Challenges
China’s second-quarter GDP growth came in below expectations, signaling a shaky recovery since late 2022. The data reveals slower growth rates in key sectors, such as exports, imports, retail sales, and property investment.
Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
US Stock Market Futures Retreat at Start of New Week Amid Earnings Uncertainty and Recent Gains
U.S. stock market futures retreat at start of new week due to earnings uncertainty and recent gains. OPEC, U.S. Treasury and FOMC events also in focus.
Oil Prices Could Be Headed Upward According To Cramer: Examining The Ongoing Boom And Bust Cycle In Commodities
Explore the impact of inflation on the Federal Reserve and their decision to raise interest rates.
