Zeekr, a Chinese electric car brand, has recently unveiled new batteries that are being hailed as the fastest charging batteries in the world. This groundbreaking technology aims to address the long-standing concerns of consumers regarding battery driving range and charging convenience. The company claims that these new batteries can go from a 10% to an
Success
JD Vance, the Republican U.S. vice-presidential candidate, recently expressed his support for Donald Trump’s suggestion that presidents should have a say in Federal Reserve Board policy-making, particularly regarding interest-rate movements. This statement, made during an interview on CNN’s “State of the Union” program, highlights the ongoing debate over the appropriate level of political involvement in
In a recent development, Indian automaker Mahindra & Mahindra has reportedly entered into a joint venture agreement with China’s Shaanxi Automobile Group to establish a $3 billion manufacturing plant in India. The joint venture, which is awaiting approval from the Indian government, is said to involve the construction of a car manufacturing facility in Prime
In a recent turn of events, a hazardous goods container exploded on a cargo ship in China’s bustling Ningbo port. The vessel, YM Mobility, owned by Taiwanese company Yang Ming Marine Transport Corp., was the unfortunate site of this incident. Fortunately, no casualties or injuries have been reported so far. Despite the explosion causing a
Italy’s banking sector is primed for a transformation, with analysts predicting a wave of mergers and acquisitions in the near future. Following the sovereign debt crisis and the government’s intervention to rescue Banca Monte dei Paschi (BMPS), there is renewed interest in the sector. Antonio Reale, co-head of European banks at Bank of America, believes
In the world of financial markets, volatility is both a friend and a foe. The recent surge of volatility that has blindsided traders is a stark reminder of the inherent risks involved in trades that thrive in a low volatility environment. The illusion of stability in these trades tends to unravel quickly when volatility spikes,
The recent comments made by the Bank of Japan’s deputy governor had a significant impact on the USDJPY pair, causing it to jump more than 2%. The statement that the central bank will not raise interest rates when markets are unstable brought buyers back into Japanese markets and helped USDJPY to extend its rebound from
When it comes to making financial decisions, due diligence is crucial. It involves conducting thorough research, checking facts, analyzing information, and consulting with experts before making any investment or purchasing decision. Without due diligence, individuals may be at risk of making uninformed choices that could result in financial loss. One of the key aspects of
Singapore’s stock market has been facing challenges such as thin trading volumes and more delistings than listings, leading to a lackluster reputation in the eyes of investors. The turnover velocity at the SGX has been considerably lower compared to other major exchanges like Hong Kong and Japan, indicating a lack of market liquidity. To address
As global markets gear up for another potentially turbulent week, investors are grappling with concerns about overpriced stocks and the implications of central banks cutting interest rates. While expectations of rate cuts have driven rallies in stocks, cryptocurrencies, and bonds, the fear of assets being “priced to perfection” looms large. The recent solid earnings season
Gold has recently shown signs of recovery after finding support near the $2,352 level against the US Dollar. The price has managed to break above the $2,380 level and the 200 Simple Moving Average on the 4-hour chart. Additionally, a connecting bearish trend line with resistance at $2,388 was cleared, indicating a possible uptrend. As
The Japanese government recently revised its growth forecasts for the fiscal year ending March 2025, lowering it from 1.3% to 0.9%. This adjustment was made due to concerns about the weak Yen and its impact on households’ purchasing power. The Bank of Japan’s Deputy Governor also highlighted the influence of exchange-rate fluctuations on economic activity
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