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Surge In Hybrid Car Sales Boosts Platinum Group Metals Demand Amidst Slowing EV Growth 09/10/2024

Panasonic And Tata Motors End Olympic Sponsorships: Implications For Future Business Strategies 09/11/2024

US House Targets Chinese Biotech Firms: Escalating Tensions Amid Ongoing Trade War And Security Concerns 09/11/2024

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Economics

India Emerges as Prime Growth Target for Packaged Goods Giants Amid China's Sluggish Recovery

India has become the new focal point for major packaged goods companies such as PepsiCo, Unilever, and others, seeking to offset the slower recovery in China. With India’s economy growing rapidly compared to other major emerging markets, these companies are adapting their strategies to cater to the...

Paris Olympics Pioneers Bold Product Placement, Setting Stage for Los Angeles 2028"

The Paris Olympics have marked a significant shift in product placement, with winning athletes receiving their medals on Louis Vuitton trays and using Samsung flip phones for "victory selfies." This new era of commercial integration is expected to be expanded upon for the Los Angeles 2028 Games....

Singapore Adjusts 2024 GDP Growth Forecast Upward as Economy Shows Resilience in Q2

Singapore's economy demonstrated stronger-than-expected growth in the April-June quarter, expanding by 2.9% year-on-year, according to government data released on Tuesday. This growth rate aligns with the official advance estimate and exceeds market forecasts. In response to the robust...

Yuan Carry Trade: Resilience Amidst Global Market Shifts and Rising Interest Rates

The recent global market sell-off, driven by the unwinding of yen-funded carry trades, has shifted attention to the yuan, another currency commonly used for carry trading. Despite a notable 2% appreciation of the yuan against the dollar in August, experts suggest that yuan carry trades are less...

China Drives Global Electric Vehicle Sales Growth Amid European Decline and Rising Tariffs

Global sales of fully electric and plug-in hybrid vehicles surged by 21% in July, driven by China’s robust market performance despite a decline in demand across Europe, according to market research firm Rho Motion. China's electric vehicle (EV) market saw its strongest growth of the year, with...

JP Morgan raises probability of recession in the US from 25% to 35%

Experts at JP Morgan Chase, a US bank, raised the likelihood of a recession in the United States by the year's end from 25% to 35%. Financiers think the economic situation could deteriorate less than initially forecasted due to reduced activity in the job market. JP Morgan predicts that the chances...

Bank of England: Britain's biggest banks would safely undergo bailouts in the event of a crisis

The Bank of England stated that eight of the biggest banks in Britain can receive bailouts in a crisis without needing government funds for their rescue. The second evaluation by the British Central Bank regarding the performance of the top banks in the country during a potential bailout was...

US Energy Department slightly raises forecast for global oil demand in 2024

In its monthly report, the US Department of Energy's Energy Information Administration (EIA) increased its projected global oil demand for 2024 to 102.94 million barrels per day (bpd) from 102.91 million bpd, but decreased the forecast for 2025 by 130,000 bpd. The EIA's current forecast predicts...

Bloomberg learns about fall of oil exports from Russia to the lowest in 19 months

Russian port crude oil exports dropped to nearly 1.8 million barrels per day in July, marking the lowest level in 19 months, Bloomberg reported based on its own calculations using tanker tracking data. The agency indicates that Russia's exports in June were just over 2.2 million bpd. The overall...

U.K. Government Scraps £1.3 Billion AI Projects Amid Budget Cuts And Shifts Focus

The U.K. government has cancelled £1.3 billion ($1.7 billion) worth of computing infrastructure projects, marking a significant shift in the country's approach to becoming a leader in artificial intelligence (AI). The decision, confirmed by a government spokesperson, involves scrapping two major...