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Tesla may refuse producing new Model Y L in the U.S. 08/22/2025

EU commits to purchasing $750 billion in energy resources from the US until 2028 08/22/2025

EV Industry Transformed as Competing Battery Technologies Accelerate 08/25/2025

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Economics

Covid-19 ‘Vaccine Justice’ Demand By ILO Ahead Of G20 Summit

The recovery of the global economy will be significantly slower than expected unless the leaders of the world follow the universal availability of Covid-19 vaccines and end the so-called 'vaccine apartheid,' according to Guy Ryder, Director-General of the International Labour Organization (ILO)....

US Economic Growth In Third Quarter Likely Slowed Down Due To Delta Variant

With Covid-19 infections spreading throughout the globe as well as in the United States, there was straining in the global supply chains and resulting in shortages of items like vehicles. That potentially led the US economy to grow at its slowest pace in more than a year in the third quarter....

Q3 Core Inflation In Australia Accelerates To 6-Yr High

The September quarter saw Australian core inflation accelerated to its quickest annual rate since 2015, as rise in prices became more widespread, a huge surprise that prompted markets to bet heavily on interest rate hikes earlier than previously anticipated. The headline consumer price...

Despite Cost Pressures Faster Growth In China’s Industrial Profit Growth In September

Despite rising prices and supply chain constraints, profits at industrial firms in China increased at a quicker rate in September, owing primarily to spectacular growth in the mining and raw materials industries. However, some companies failed to overcome the high costs. The...

Study Claims Cloud Computing Providers Also Targeted By Proposed EU Tech Rules

Cloud computing service providers should also be able to target by the draft EU laws aimed at limiting the power of Amazon, Apple, Alphabet's Google, and Facebook aimed at reducing anti-competitive behavior, according to research released on Tuesday. The release of this report also comes...

Hong Kong authorities are warned about the risk of losing international centre status

The Asian Securities Industry and Financial Markets Association (ASIFMA, an association of 150 banks and management companies) has asked Hong Kong Finance Minister Paul Chan for a clear plan to lift restrictions on COVID-19, the South China Morning Post reported, citing a letter from the...

After Strong Summer Season, Return Of Business Travel Indicated By Hotel Owner IHG

There have been positive signals of a rebound in business and international travel, claimed the hotel owner IHG and added that this has been driven by strong corporate bookings in the United States. This has helped the Holiday Inn owner's room revenue to get closer to its pre-pandemic...

East Timor Wants To Use Carbon Capture Tech In $3.6 Bln Barossa Gas Project

East Timor is trying to cover a multibillion-dollar income hole that will become apparent in 2023 when a depleted oil and gas field off its coast will become defunct and hence the country wants to move through with plans for a carbon capture and storage (CCS) project at the field. Since it...

Inflation Will Be Even Higher Next Year, Warns Unilever

The current spate of inflation would pick up next year and would put increasing pressure on consumer goods companies for increasing prices of products to try and account for the increasing prices for energy and other related expenses, warned Unilever. While issuing the warning, the company...

Sub-Sahara Recovery Will Be Jeopardised By Shortage Of Vaccines, Warns The IMF

The International Monetary Fund said on Thursday that a shortage of access to Covid-19 vaccines is stifling economic recovery in Sub-Saharan Africa and that the region will fall behind by years compared to developed countries because of this. In its regional economic outlook, the fund...