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The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news

EV leaders are facing roadblocks heading into the final quarter of 2024.

Nora Naughton   


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The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025

The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…

Theron Mohamed   


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China's Communist Party begins key meet to stem economic slowdown, following 4.7% dip in GDP

China's GDP dipped to 4.7 per cent in the second quarter, the government said on Monday, as the rul…

PTI   


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Asian markets decline amid economic slowdown fears, experts say limited impact on India

Asian stock markets on Monday plummeted early as selling pressure mounted after lower-than-expected…

ANI   


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Wider Middle East conflict threatens the global economy — when the US and China already face headwinds, experts say

The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of…

Theron Mohamed   


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China is still getting its hands on US chips — and striking back too

The US has tried to slow China's AI rollout with tough export controls, but China is managing to sk…

Hasan Chowdhury   


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Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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4 mins read

Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while ri…

Tom Carter   


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Here's what Trump's victory means for Indian markets

Early trends in the US presidential election show Trump leading, which could impact Indian markets.…

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China's stock markets are partying like it's 2008, overwhelming systems

The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concer…

Huileng Tan   


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US sanctions have tanked Russian semi-chip imports from China and Hong Kong, new data shows

Semiconductor exports shipped through China and Hong Kong have dropped as much as 28% in the first …

Filip De Mott   


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Trump's proposed trade war raises the odds of a US recession to 75%, Wall Street strategist says

BCA Research strategist Peter Berzin said investors should be underweight in stocks because of Pres…

Matthew Fox   


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China's luxury market has been in a slump, and we're about to find out how bad it really is

Bellwether LVMH reports third-quarter revenue on Tuesday, which could indicate how the rest of the …

Lian Kit Wee   


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Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL

India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…

ANI   


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China's top climate envoy is coming to the US this month as tensions over green tech run high

The meeting comes as the US and China jockey for power over renewable technology like solar, EVs, a…

Catherine Boudreau   


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From interest rates to China's slowdown, these are the issues that will make 2024 another 'rocky year,' Harvard economist says

"Don't be surprised if 2024 turns out to be a rocky year for everyone," Kenneth Rogoff wrote for Pr…

Filip De Mott   


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1 min read

Tesla's found a sweet spot in China — and may be planning a 6-seat Model Y

Tesla's sales in China surged in August, driven by increased government rebates and may produce a s…

Jyoti Mann   


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4 mins read

Nvidia has lots of questions to answer in this week's earnings call on product delays, competition, and China

As rivals increase their spending on AI computing, Nvidia will likely face questions about its Blac…

Emma Cosgrove,Helen Li   


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EV sales in Europe hit a speed bump — and the US should be worried too

Registrations of new EVs in Europe fell by 44% in August from the previous year, according to the E…

Tom Carter   


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'Bond King' Bill Gross predicts stocks will drop as US and China slowdowns overshadow AI hype

Stocks are being supported by AI mania and market momentum, but threatened by worrying economic dat…

Theron Mohamed