Finance
Chinese President Xi Jinping told officials that the country's economic growth should surpass that of the United States this year, even despite the worst COVID-19 outbreak since the pandemic began. At the meetings, Xi said that ensuring stability and economic growth is very important, it is necessary to
Finance
Apollo has decided to invest $1.5 billion to support online retailer Carvana. That's nearly half of the company's latest bond issue. Trading in the stock was briefly suspended due to volatility.
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 nickel supplies, exacerbated by
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
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
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 They involve phasing out outdated light bulbs, which will reduce electricity consumption and reduce greenhouse gas emissions from the nation's energy sector.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
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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 rate in
Manufactures
One of the largest automakers intends to become a leader in the market of mass-produced electric pickups. Ford CEO Jim Farley said the company plans to scale production faster than competitors. Ford expects to ramp up production capacity in Michigan to 150,000 units a year from the current 40,
Finance
The Republican position is justified: as Bloomberg reports, Musk's purchase of Twitter will open the door to unblocking former U.S. President Donald Trump's Twitter. In the run-up to the congressional elections, this could be very relevant.
Finance
Oil is falling amid a possible reduction in demand from China due to covid restrictions. Also, the quotations are affected by the general macroeconomic negativity, which may lead to a reduction in demand for oil. Also today it became known that the UAE sent the first tanker to Europe for
Manufactures
As reported by representatives of the countries, the payment for oil is made in national currencies.