Source link Speaking in Shanghai, Olaf Scholz has said the only prerequisite is that “competition must be fair” German Chancellor Olaf Scholz has spoken in favor of opening the European market to Chinese automakers as long as they compete “fairly” with other manufacturers. Scholz arrived in China on Sunday for his second visit to the […]
Source link Elon Musk’s EV giant is considering a joint venture with Mukesh Ambani’s Reliance to set up local manufacturing Tesla is in talks with Indian conglomerate Reliance Industries, owned by Asia’s richest man, Mukesh Ambanifor its widely anticipated electric vehicle (EV) venture in the country, the Hindu Business Line reported on Wednesday. Elon Musk’s […]
Source link New Delhi has followed Beijing’s strategy to attract EV manufacturers, but subsidies and tax cuts may not be enough – India’s real strength lies elsewhere India is rapidly turning into a hotspot for electric vehicles with Elon Musk‘s Tesla reportedly looking at sites for a $3 billion manufacturing facility, and Korean auto giants […]
Source link The Chinese currency now accounts for the largest share of forex trading, the regulator reports The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday. Russia’s shift away from major Western currencies started […]
Source link Beijing has urged Washington not to politicize bilateral trade and to abide by “basic norms” of market economy Chinese Premier Li Qiang hosted US Treasury Secretary Janet Yellen in Beijing on Sunday. Following the talks, both top officials said relations between the two nations were “stabilizing,” but a number of issues remained unresolved. […]
Source link Accreditation by Algeria of a plant in Novosibirsk “opens the gates to Africa,” the region’s agriculture minister has said A dairy factory in Novosibirsk, Russia’s third largest city, has been accredited to export its products to Algeria, Evgeny Leshchenko, the regional agriculture minister announced on Wednesday. Chanovsky Butter Factory, which is already accredited […]
Source link Shares of Truth Social’s parent company soared by 50% in the first minute of trading Trump Media & Technology Group, the parent company of Truth Social, former US President Donald Trump’s online platform, began trading on the NASDAQ stock market on Tuesday. Shares rose so quickly they triggered the fail-safe mechanism. Shares of […]
Source link The news agency has reported numerous cases of illegal trade and activation of satellite terminals Starlink satellite communication terminals can be purchased illegally in countries where no agreement exists for the use of Elon Musk’s SpaceX network – including nations that are subject to international sanctions, Bloomberg reported on Tuesday. A growing black-market […]
Source link The West African nation’s authorities are investigating Binance and others for alleged terrorism financing and money laundering Major global cryptocurrency exchange Binance has announced that it will halt all transactions and trading in Nigeria’s local currency, the naira (NGN), after Friday. The firm did not provide a reason for the decision, but it […]
Source link New Delhi is aiming to boost fruit exports to reduce its trade deficit with Moscow India has delivered 20 metric tons of bananas to Russia, eyeing an opportunity to establish a foothold in a market previously dominated by Ecuador. Moscow is diversifying fruit imports amid restrictions on Ecuadorian deliveries after a dangerous pest […]
Source link An index run by the banking association VDP that tracks prices showed its largest ever drop in 2023 German commercial property prices in the final quarter of 2023 plummeted by 12.1% in the largest year-on-year decline registered by a price index run by the banking association VDP, according to a press release issued […]
Source link The Indian government may initiate a formal probe into the operations of one of India’s largest digital payment firms, Paytm, The Economic Times reported on Wednesday. The development comes a week after the regulator, the Reserve Bank of India (RBI), ordered Paytm to stop offering its core services from February 29, citing possible […]
Source link The company’s capitalization surged by 20% on Friday following a blockbuster earnings report US tech giant Meta Platforms, the parent company of Facebook and Instagram, has posted its largest-ever one-day jump in market value on Friday, trading data showed. Meta stock rose 20.32% to an all-time high of $474.99 per share. The company […]
Source link Drivers rather than regulators or politicians should decide which vehicles they choose, Akio Toyoda has said Electric vehicles (EVs) will never dominate the market and consumers should not be forced to buy them, Toyota Chairman Akio Toyoda stated in comments published on the company’s website on Tuesday. Battery-powered vehicles will only ever reach […]
Source link Jim Rogers remains positive on the country’s potential and ruble’s resilience despite sanctions Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews As the world embarks on the new year of 2024, characterized by heightened geopolitical tensions and economic uncertainties, legendary investor […]