General Motors, once the dominant automaker in China, has seen its sales in the world’s largest car market plummet by almost 50% in the past...
Panasonic Automotive aims to diversify its products and partnerships
Panasonic Automotive Systems, a subsidiary of Japan’s Panasonic Holdings, is looking to broaden its portfolio of products and services for the automotive industry. The company,...
China boosts financial support for regional banks amid economic challenges
China is increasing its financial aid for regional banks as it faces multiple economic challenges, such as a slowing growth, a property slump, a debt...
Israel’s housing crisis deepens as prices soar and sales plummet
Israel’s real estate market in 2023 was in a deep recession and faced major concerns that the recession could continue throughout 2024. The number of...
How the world is coping with multiple crises in 2024
The year 2024 has begun with a series of challenges for the global economy, ranging from inflation and climate change to war and pandemic. How...
Gold prices hold steady amid Fed uncertainty and US jobs data
Gold prices were little changed on Thursday, as investors awaited the release of the US nonfarm payrolls report for December, which could provide clues on...
Rand recovers from early losses as global sentiment improves
The South African rand (ZAR) bounced back from a weak start to 2024, gaining against the US dollar (USD) and other major currencies on Thursday....
How the proposed ban on used vehicles import affects the Nigerian auto industry
The Nigerian government is considering a ban on the importation of used vehicles that are more than 20 years old, according to the National Automotive...
Hong Kong stocks slump on first trading day of 2024 amid China’s economic woes
Hong Kong’s stock market kicked off the new year with a dismal performance, as the latest data showed China’s manufacturing sector contracted for the second...
Japanese Yen struggles near four-day low against USD amid BoJ-Fed divergence
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Tuesday, as the Bank of Japan (BoJ) and the Federal Reserve (Fed)...
Australian Dollar gains momentum amid US Dollar weakness, FOMC minutes in focus
The Australian Dollar (AUD) has been on a rising trend against the US Dollar (USD) since last week, as the market anticipates another interest rate...
Rupee Faces Volatility amid Fed and RBI Policy Moves
The Indian rupee is facing increased volatility in the foreign exchange market as the US Federal Reserve and the Reserve Bank of India (RBI) are...
Gold ends 2023 on a high note, eyes further gains in January
Gold prices closed out 2023 above $2063 an ounce, as the Federal Reserve signaled that it would cut interest rates in 2024 to support the...
German Restaurants Face Collapse Amid Budget Crisis
The German government’s attempt to re-allocate 60 billion euros ($65 billion) of unused pandemic debt to fund green initiatives and industry support has been blocked...
How central banks are struggling to forecast inflation in a changing world
Inflation is back, and it is posing a serious challenge for central banks around the world. After decades of low and stable inflation, many countries...
Singapore and Malaysia to hike consumption tax amid inflation woes
Singapore and Malaysia, two of Southeast Asia’s most developed economies, are set to increase their consumption tax rates in the next two years, amid rising...