Stellantis, the Dutch conglomerate that owns Fiat, Jeep, Ram, and 11 other car brands, is broadening its partnership with Chinese EV maker Leapmotor.
Tag: Global Economy
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TURKEY’S CENTRAL BANK HIKES ITS INFLATION TARGET
Last week, the Central Bank of the Republic of Türkiye raised its target interest rate from 16 percent to 24 percent – a 50-percent increase – in an acknowledgment that the Iran War is spiking prices throughout the country’s economy.
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CHINA’S ECONOMY BOGS DOWN IN APRIL
The domestic sector of China’s economy slowed in April, with several missing economists’ expected levels.
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INVESTORS DUMP BONDS AS OIL PRICES CLIMB
Investors around the world are fleeing bonds, fearing that central banks will be forced to raise their interest rates to tamp down rising inflation that soaring oil prices have already set in motion, Bloomberg reported.
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SPECIAL REPORT: IRAN WAR DISRUPTS WORLD’S OIL SUPPLY
As we have detailed since the Iran War was illegally launched by the United States and Israel on 28 February, the war has inflicted severe socioeconomic and geopolitical damage across the globe.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Hiring is slowing, wage growth is losing ground to inflation, and layoffs are quietly expanding across more industries.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
As AI continues to take over human jobs, Open AI CEO Sam Altman, said that although AI isn’t the cause of all layoffs, it has been responsible for displacing human workers, according to CNBC-TV18.
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SPOTLIGHT: BIGS GETTING BIGGER
Finland-based Kone Oyj, a global leader in the elevator business, is buying Germany’s TK Elevator for €29.4 billion (about $34.4 billion).
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SPOTLIGHT: THE ACCELERATING SHIFT TO CLEAN ENERGY
At the first international conference on transitioning from fossil fuels, more than 50 countries agreed to work together on trade agreements that will reduce reliance on coal, natural gas, and oil.
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OPEC+ RAISES OIL OUTPUT A THIRD TIME SINCE HORMUZ CLOSURE
The Organization of Oil Exporting Countries and its allied nations agreed on 3 May to raise the group’s permitted output by a modest 188,000 barrels a day.