GUANGZHOU, China, April 17 (Reuters) – China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group
China's state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition. NDRC also estimated the market demand for new energy vehicles, including EVs and plug-in hybrids, to...
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Millions of people take over-the-counter medications to help ease heartburn. But scientists in Maryland say the drugs may be linked to severe headaches. READ MORE: Pharmacist reveals best over-the-counter remedies for heartburn
IMF Warns Biden's Fiscal Profligacy Poses "Significant Risks" To Global Economy 'In Great Election Year' The IMF said the the quiet part out loud today (admittedly wrapped in 100s of pages of PhD-ese) in their benchmark Fiscal Monitor this morning: pointing out that America's recent economic performance is partially the result of the country's unsustainable borrowing, and that the US' massive fiscal deficits have stoked inflation and pose "significant risks" for the global economy. ...
The dystopian thriller “Civil War” has been the No. 1 film at the U.S. box office for the last two weekends. But viewers, liberals and conservatives alike, should be aware that Russian leader Vladimir Putin’s propagandists are hoping that a second American Civil War actually happens. After the House approved the $61 billion Ukraine aid package on Saturday, the hawkish former Russian President Dmitry Medvedev, who is the deputy chairman of Russia’s security council, wrote on Telegram: “I cannot...
Tit-For-Tat Responses From Beijing To Trade Restrictions May Bring About A Full-Blown Trade War By John Liu, Zhu Lin and Abhishek Vishnoi, Bloomberg Markets Live reporters and strategists China’s most-promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth. The sectors under scrutiny by Europe and the US are as wide-ranging as electric vehicles, wind...
A meteorologist has warned of potential "weather wars" between countries if cloud seeding gets out of hand.The comments follow torrential rain in Dubai, the UAE, which caused extreme flooding. The downpour, which began on Monday, brought widespread disruption, closing schools, flooding homes and delaying travel.More than 142 millimeters of rain fell on the city in just 24 hours, equivalent to at least a year's worth of rain for the region.In recent days, there have been theories that the...
With prom season getting underway and graduations coming soon, law enforcement is issuing its annual reminders about inexperienced young drivers taking to the roads.
“It is not we, the West, who should fear a clash with Putin, but the other way around,” Foreign Minister Radosław Sikorski said.
Used car retailer CarMax just released its latest used EV sales data, and
We’re now apparently in the era where using the term “birthing person” makes you a thoughtful speaker and saying “illegal alien” gets you suspended—at least Read More