Electric vehicles are expected to make up a larger share of cars on the road by the end of the decade, benefiting a host of companies across industries.
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Electric and hybrid vehicles will account for nearly half the cars on the road by 2040, Goldman predicts
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European stocks open in positive territory as trade uncertainty lingers; Munich Re drops 5%
German reinsurers take 1.4-billion-euro hit from LA wildfires German reinsurers posted losses of more than a billion euros on the back of the Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said it took a loss of about 800 million euros ($889 million) in the first quarter of 2025 due to the wildfires […]
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Investment banks lift China growth outlook after surprise trade deal with U.S.
The Chinese national flag fluttering with the Lujiazui Financial District in the background. Vcg | Visual China Group | Getty Images Financial institutions are rethinking their China calls after a surprise trade truce between Washington and Beijing, raising both the country’s growth forecasts as well as stock market outlooks. On Monday, the U.S. and China […]
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U.S.-China tariff reprieve is enough to get products on the shelves in time for Christmas
A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year […]
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