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Chinese electric vehicle giant BYD has committed to building a $1 billion car manufacturing plant in Turkey. This investment aims to address the increasing demand for new energy vehicles in the region and enhance access to European consumers.The move comes ...

Despite early selling, French government bond markets remained relatively stable on Monday following the second round of legislative elections. Initially, the 10-year French government bond yield increased by 3 basis points but soon settled at 3.221% by mid-morning in London. ...

The cryptocurrency market experienced a significant downturn as over $170 billion was wiped off its value. It was largely driven by investor concerns surrounding the nearly $9 billion payout to users of the defunct bitcoin exchange, Mt. Gox. Bitcoin dropped nearly ...

The European Commission has confirmed the imposition of steep tariffs on Chinese-made battery electric vehicles (BEVs) as of July 5th, following a nine-month investigation that revealed extensive subsidies throughout China's BEV supply chain. These subsidies, identified from raw material mining to ...

Despite the European Central Bank (ECB) cutting rates by 25 basis points in June, President Christine Lagarde emphasized the uncertainties facing the euro area's economy. Speaking at a recent event, she cautioned against expecting a straightforward path for future rate cuts, ...

According to a report by CCData, Bitcoin is expected to surpass its all-time high this year. Historical trends, particularly the post-halving appreciation period, indicate that Bitcoin could achieve new heights. Bitcoin reached a peak of over $73,700 in March, driven by ...

Nike, the world's largest sportswear brand, reported lackluster growth amid intensifying competition, strategic missteps, and a decline in consumer spending in key markets. The company's sales increased by just 1% over the past year and remained flat in the most ...

In June, the euro and Japanese yen saw significant declines against the US dollar amidst volatile global economic and political conditions. The euro fell to its lowest exchange rate against the dollar since May, dropping below 1.067, driven by political ...

Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. This first amount will be a convertible note, potentially converting to Rivian shares after December 1, 2024. The remaining ...

Airbus shares dropped nearly 11% on Tuesday following the company's announcement of lowered targets for 2024, including aircraft deliveries and earnings projections. On Monday, Airbus revised its adjusted earnings before interest and taxes (EBIT) forecast to approximately €5.5 billion ($5.9 ...

Germany's producer price index (PPI) for May revealed a year-on-year decline of -2.2%, a slight improvement from April's -3.3%, yet still marginally above the anticipated -2%. This marks the eleventh consecutive month of falling wholesale prices, largely driven by decreasing energy ...

This week, European stock markets showed signs of stabilization following recent sharp declines driven by political uncertainties. French government bond yields remained steady after the first bond sale since President Macron's call for a snap election, indicating that the previous ...

Solar energy use in the U.S. is rapidly expanding, outpacing all other electricity sources amid rising power demand. Despite criticism from the fossil fuel industry, which argues that renewables still make up a small portion of total power generation, solar ...

The Bank of England (BOE) is poised to maintain its current interest rates despite the U.K. achieving its 2% inflation target for the first time in nearly three years. As of Wednesday morning, the milestone was seen as a significant economic ...

In a sign that even companies in the growing EV market can fail, Fisker, a US-based electric vehicle startup, filed for bankruptcy on Tuesday. The announcement followed a series of financial and operational setbacks. The company had previously warned of its ...