Global Economy

TOP TREND 2024 EV GO FU: SPINOFFS

TOP TREND 2024 EV GO FU: SPINOFFS

Volvo has cut off funding to the Polestar electric vehicle (EV) venture. The EV brand, launched in 2017, is a joint venture between Volvo and Chinese car company Geely, which also owns a majority interest in Volvo.

SPOTLIGHT: CHINA’S ECONOMIC GLOOM

SPOTLIGHT: CHINA’S ECONOMIC GLOOM

About 40 percent of asset managers attending a Goldman Sachs conference in Hong Kong last week called Chinese equities “uninvestable,” the Financial Times reported.

TOP TREND 2024 BANKS GO BUST: BANKS BRACE

TOP TREND 2024 BANKS GO BUST: BANKS BRACE

On 31 January, New York Community Bancorp’s (NYCB’s) share price plunged by a record 38 percent after the company announced it will make sharp cuts to its stock dividend and hoard cash.

The Israel War

AI

BOOM IN AI STOCKS MASKS WEAKNESS IN DEMAND FOR OTHER CHIPS

BOOM IN AI STOCKS MASKS WEAKNESS IN DEMAND FOR OTHER CHIPS

The past year’s frenzy in artificial intelligence has doubled, at least, the market capitalization of Nvidia and Advanced Microdevices, the companies dominating sales of chips AI systems depend on, and their suppliers such as Taiwan Semiconductor Manufacturing Co. and Supermicro.

NVIDIA TAKES ON HUAWEI IN CHINA

NVIDIA TAKES ON HUAWEI IN CHINA

Nvidia, the world’s leading maker of chips for AI systems, is taking orders for a new chip it’s making specifically to be sold in China to compete with similar chips made by Huawei, China’s foremost provider of AI chips.

Hi-Tech Science

THE 50-YEAR DIAMOND BATTERY

THE 50-YEAR DIAMOND BATTERY

Chinese company Betavolt has created a nuclear-powered diamond battery that, it says, could power a smartphone or similar device for 50 years or keep a drone in the air indefinitely.

The above are just a few of the many articles in the latest Trends Journal. CLICK HERE for the full edition​.

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