A Green Hydrogen Bet, GM Expects EV Profits By 2025 And The World’s Population Hits 8 Billion
Challenges with supply chains and an incredibly slow production ramp-up of new electric vehicles continues but General Motors is still having a very good year financially and expects that to continue.
World Population Touches the 8 Billion Milestone; India to Replace China As Most Populated Country By 2030
The world touched 1 billion back in 1804, and the growth has gotten faster and faster over the subsequent two centuries.
China's Q3 GDP Grew 3.9% YoY, Beating Forecasts
The data, published six days later than scheduled, showed higher growth than the consensus of 2.5%.
Biden Threatens 'Consequences' for Saudi Arabia after OPEC+ Cut, but His Options are Limited
President Joe Biden is angry at Saudi Arabia for its decision to slash oil production
Indian Stocks’ Decoupling Looks Unsustainable As Analysts Warn Of 30% Crash
Optimism among market participants over the apparent decoupling of Indian equity and bond markets from the global turmoil is not likely to sustain and has made the domestic market vulnerable to a crash, said analysts.
British Pound Plummets to Record Low against the U.S. Dollar
The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.
EU Energy Shock: Soaring Energy Prices Provoke Growing Anger across Europe
The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.
Scholz Promises 65B Euros to Shield Germans Through Tough Winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
U.S. Officials Order Nvidia to Halt Sales of Top AI Chips to China
Bellwether semiconductor bluechip Nvidia Corp (NVDA) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in the country.
Once High-Flying Chinese Tech Giants Now Look to Scale Back Costs
Alibaba and Tencent executives have been focusing on cutting costs across the business from headcount to exiting non-core businesses.
Drought Threatens 60% Of Eu And U.K. As Europe Faces "Critical Situation"
Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought Observatory.
Elon Musk Predicts 'Mild Recession' For 18 Months, Says U.S. Economy Is 'Past Peak Inflation'
CEO Elon Musk has said that the U.S. recession is inevitable and will last for the next year and a half.
Japan’s Inflation Stays Above Central Bank Target for 3rd Month
Japan’s core consumer inflation remained above the central bank’s 2% target for a 3rd straight month in June
U.S. Treasury to End 1979 Treaty with Global Minimum Tax Holdout Hungary
The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax.