Tesla in China
Tesla shares fell after the release of data from the China Passenger Car Association on its sales in April. The media reports that Tesla is facing PR problems in the country and has also refused to buy la...
Chinese electric car sales in April
Chinese electric car makers Nio, Xpeng and Li Auto reported strong sales in April, but the growth rate was significantly lower than in March. Nio management points to a chip shortage that will hold back sales grow...
Market expansion in Europe
Nio plans to start shipping its electric cars to Europe in May; its competitor XPeng has already delivered its first 300 electric cars to Norway. Analysts predict that Europe will become ...
Digital dollar
Jerome Powell thinks a digital dollar launch is possible, but a decision has not yet been made.
The Federal Reserve (Fed), which serves as the country's central bank, is studying the possibility of launc...
Lithium prices
The world's largest lithium suppliers, China's Ganfeng Lithium and US-based Albemarle, warn that lithium prices will continue to rise as the market becomes increasingly imbalanced between supply and demand.
The world's major lithium ...
Beyond Meat in China
Shares in Beyond Meat rose 3.5% on Thursday as the company announced it was expanding its retail sales of new products at major US chains Kroger, Target and Giant Foods. Beyond Meat also announced the opening of its first produc...
Modernising US infrastructure
President Joe Biden is ready to make concessions to political opposition in the US Congress on his ambitious plan to modernise the nation's infrastructure in terms of its funding....
Tesla sales in China
Tesla shares rose sharply on Tuesday after the company posted an 18% rise in sales of its electric cars in February compared with January, contrasting with a ...
U.S. GDP
The US gross domestic product fell by 3.5% last year, the worst since World War II. The US Department of Commerce's Bureau of Economic Analysis said in a report.
The report said the economy experienced a significant drop for the ...
Trading is down
Today stock indices of Asia-Pacific countries are falling in trading. Traders continue to monitor the epidemiological situation in various countries, the progress of vaccination in the USA and also await the US Federal Reserve (Fed) ...
Accessing the account
Twitter has blocked the account of the Chinese embassy in the US because of an offensive post about Uighurs. This was reported by Bloomberg.
The embassy's page said that thanks to the Chinese authorities policies, Uighur women...
Deliveries to China
Six days after Tesla announced the official launch of Model Y sales made in China, all pre-orders for first-quarter deliveries have been booked. In addition to China, the Model Y from the Shanghai plant will ship to Europe and Au...
The Chinese billionaire Jack Ma, who has fallen out of favor with the Chinese authorities, is trying to save the first public sale of shares in Ant Group.
Ant Group is a subsidiary of Alibaba Group, with a 33% shareholding, and the largest fin-tech ...
NIO shares
NIO took advantage of a 919% increase over the year to raise $2.65bn by selling 68m ADSs, more than originally planned, but at a 7.1% discount to Friday's closing price. Here's what that means for the company and investors.
Chinese elect...
Alibaba's company has been fined by Chinese regulators for failing to notify authorities of past acquisitions. In general, the fines for such a company are small and will not cause significant material damage, except for the fact that the company's s...
Rebounding cooperation with the USA
The EU is seeking a new alliance with the United States following the resignation of President Donald Trump, as well as to respond to Chinese challenges, the Financial Times reported.
The newspaper refers to a dr...
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