Author: Admin
Taiwan to hold trade talks with EU as Europe focuses on chips: Reuters, citing source
Images of semiconductor wafers at the TSMC Museum of Innovation in Hsinchu on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Semiconductor-powerhouse Taiwan will on Thursday hold high-level trade talks with the European Union, a source familiar with the matter told Reuters, amid a concerted push by the bloc to boost its chip […]
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How Russia could try to get around the European Union’s oil sanctions
The EU’s partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | Afp | Getty Images Moscow could respond to European sanctions on Russian oil by seeking other buyers for its crude or cutting production to keep […]
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First time on a yacht? Avoid these 7 amateur mistakes
While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat. Like the rise in private jet travel during the pandemic, charter demand remains “extremely strong,” said Crom Littlejohn, chief commercial officer of the yacht brokerage […]
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Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions
All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images Oil prices dropped more than 2% following a report that Saudi Arabia is prepared to raise crude production if Russia’s output significantly falls following European Union sanctions. […]
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How China’s Shein became more valuable than H&M and Zara combined
Shein is a Chinese fashion e-commerce company that’s outperforming many of its competitors. Its reported valuation in April 2022 was $100 billion – more than H&M and Zara combined. Chinese e-commerce company Shein took the top spot as the most downloaded app in the United States in May, according to a report from intelligence firm Marketplace […]
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Solana suffered its second outage in a month, sending price plunging
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Solana, one of the largest cryptocurrencies after bitcoin and ether, fell more than 12% on Wednesday as its blockchain suffered its second outage in the last month. Validators in the network were not processing new blocks for several hours. Applications built […]
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Goldman Sachs names its top battery stock to play rising demand for electric vehicles
With battery prices on the rise but demand for electric vehicles showing no signs of slowing, analysts at Goldman Sachs have named their top stock to play this trend. Goldman Sachs has raised its global average battery pack price forecast by 8% to 26% into 2025, with the bank expecting battery prices to peak in […]
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‘Fallen angels’: Morgan Stanley says buy the dip on these 5 global stocks
Global markets have been slammed by a slew of macro headwinds, but Morgan Stanley sees opportunities for investors to pile into “fallen angels” — stocks which the bank thinks have sold off materially and now look attractive. With the MSCI Europe down nearly 14% this year, Morgan Stanley believes European stocks have been oversold, with […]
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Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a […]
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Javier Olivan, who’s replacing Sheryl Sandberg at Meta, built his career on international expansion
Mark Zuckerberg, chief executive officer of Facebook Inc., right, pauses while speaking as Javier Olivan, vice president of growth and analytics at Facebook Inc., looks on at Billionaire Carlos Slim’s Telmex Foundation annual event for scholarship students in Mexico City, Mexico, on Friday, Sept. 5, 2014. Zuckerberg said he’s willing to spend whatever it takes […]
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