Low inventory levels at automakers and rising interest rates will slow sector sales, according to forecasts by JD Power and LMC Automotive. Raw materials shortages and consumer inflation are slowing demand. The consultancy's report said U.S. retail sales of new cars could fall 23.8 percent to
Finance
More than half of the Tesla electric cars produced in the first quarter were equipped with lithium-iron-phosphate (LFP) batteries. In production, the new "batteries" are a cheaper counterpart to the lithium-nickel-cobalt version. The popularity of iron in battery production is growing amid problems with
Finance
Hundreds of thousands of Twitter users (0.03% of the total number of active users) deactivated their accounts. This happened after the announcement of the takeover of the social network by Ilon Musk. This was reported by the company. According to Social Blade, the total number of users on Twitter
Europe
Also, official sources close to the discussion of the issue say that Germany is seeking a transition period in the embargo on Russian energy resources.
Manufactures
The company reported a much worse than analysts expected, posting a net loss of more than $2 per share. "It's only gotten worse. what we think will really worry investors is that we keep getting MORE bad news," wrote Vertical Research Partners analyst Rob Stallard. Boeing
World Wide
Higher diesel prices and deteriorating road conditions have led to higher freight rates. Nevertheless, higher soybean prices could significantly boost Brazil's export earnings. Corn could also bring more profits to exporters in Brazil. Demand is expected to increase sharply in the coming months amid declining supplies from the
Europe
Brooks justifies his opinion with the fall of consumer confidence index in Germany below pandemic levels.
Europe
A stake in Avtoframos plant in Moscow will be handed over to Moscow authorities. It will be a "deal for a ruble" with the option to buy back shares within 5-6 years, said Manturov. Manturov: If Moscow plant of Renault is transferred to Moscow it will not
Manufactures
The Biden administration announced new energy efficiency rules Tuesday. They involve phasing out outdated light bulbs, which will reduce electricity consumption and reduce greenhouse gas emissions from the nation's energy sector. The Department of Energy rules, which repeal Trump administration policies, ban the sale of light bulbs that
Finance
The price of the geopolitical situation around Russia and Ukraine for foreign producers continues to rise. PepsiCo reported on problems with production in the region on Tuesday. Back in March, the company said it was ready to cut gross sales of products such as Pepsi and 7Up in Russia. But
World Wide
In the last week of March, China recorded 770,000 booster shots per day. By mid-April, however, the figure had fallen to 590,000. Jin Dong-yan, a virologist at Hong Kong College, believes that the decline reflects the elderly population's distrust of vaccines. If the vaccination
Europe
Earlier, we quoted an ICIS analyst as saying that Polish operator PGNiG itself has stopped gas supplies. Poland is now obliged to pay for gas supplies to Russia under the new payment procedure.