BMW AG, the German luxury carmaker, has expressed optimism about its sales of electric vehicles (EVs) in 2024, despite the challenges posed by the global...
Japan’s Manufacturing Sector Shows Strong Recovery in December
According to the monthly Reuters Tankan survey, sentiment at big Japanese manufacturers surged in December, improving for a second straight month as the auto sector...
How Pandemic Inflation Has Changed the Economic Landscape
The COVID-19 pandemic has disrupted the global economy in unprecedented ways, causing massive unemployment, supply chain bottlenecks, and soaring consumer prices. Inflation, which measures the...
Yellen defends US economic recovery amid criticism
US Treasury Secretary Janet Yellen said on Tuesday that the US economy is on track to achieve full employment by next year, despite some economists’...
Asian Development Bank approves $659 million loan for Pakistan’s energy sector
The Asian Development Bank (ADB) has approved a $659 million loan for Pakistan to support its efforts to improve the reliability and sustainability of its...
China’s state firms face financial pressure amid de-risking campaign
China has recently advised its state-owned enterprises (SOEs) to keep a close eye on their finances as the country’s top leadership has made de-risking a...
Fed to hold interest rates steady until mid-2023, economists predict
The Federal Reserve is expected to keep its key interest rate unchanged at a 22-year high of 5.25-5.5 percent until at least July 2023, according...
BOJ Deputy Governor Signals Possible End of Negative Rate in 2023
The Bank of Japan (BOJ) Deputy Governor Ryozo Himino hinted that the central bank may be ready to end its negative interest rate policy by...
How the UAW strike boosted air cargo demand for US automakers
The recent United Auto Workers (UAW) strike against the big three US automakers - Ford, General Motors, and Stellantis - has had a significant impact...
EU plans to postpone tariffs on British-made electric vehicles
The European Union is considering delaying the imposition of a 10% tariff on electric vehicles (EVs) manufactured in the UK, according to a report by...
Why consumer choice matters in the auto market
The auto industry is undergoing a major transformation, driven by technological innovations, environmental concerns, and changing consumer preferences. The future of mobility is expected to...
Europe’s quest for lithium to power the green transition
Lithium, a key component of electric car batteries, has become a strategic resource in the global race to achieve the energy transition. Europe, which currently...
Nio to acquire two plants from JAC in Hefei
Nio, one of the leading electric vehicle makers in China, is planning to buy two manufacturing plants from its partner Anhui Jianghuai Automobile Group Co...
EU to delay Brexit tariffs on electric vehicles for three years
The European Union is reportedly planning to suspend the 10% tariffs on imports and exports of electric vehicles (EVs) between the EU and the UK...
China’s Digital Yuan Expands to Housing Fund Payments
China’s central bank digital currency (CBDC), also known as the digital yuan or e-CNY, has been making steady progress in various applications. The latest development...
Thailand Cuts Down EV Subsidies to Focus on Battery Electric Vehicles
Thailand is one of the leading automotive producers in Southeast Asia, and it has been pursuing a strategy to become a regional hub for electric...