South Africa is optimistic for tax breaks to kick-start EV industry
South Africa expects efforts to boost its electric vehicle manufacturing to yield swift results, as manufactures start to take advantage of tax incentives from early…
EU weighs joining US in reviewing risks of Chinese legacy chips
The European Union is considering a formal review of how widely its businesses use mature or lower-end chips from China, joining the US in flagging…
Chevron’s huge Kazakh Oil Project to cost $48.5 billion
A major development led by Chevron Corp. to boost oil output at Kazakhstan’s Tengiz field will cost about $48.5 billion, according to people familiar with…
US Steel plunges for second day as Biden comes out against deal
United States Steel Corp. plunged for a second day after President Joe Biden said the company should retain American ownership, coming out against a takeover…
India February trade gap widens marginally as imports rise
India’s trade deficit widened marginally in February as the nation’s import bill rose amid strong domestic demand and rising crude prices...
Trade route talks meant to bridge Asia-Europe move at two speeds
An ambitious project to link the emerging industrial powers of South Asia with Europe and beyond is moving at two speeds, illustrating the difficulty of…
2024 Easter spending expected to top $22 billion
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released today by the National Retail Federation…
Magnificent Seven stocks ‘look cheap’: deVere CEO
The analysis from Nigel Green of deVere Group comes as the Wall Street index rose about 1.2% to close at a new record high on…
Raimondo, IPEF Ministers welcome progress at Indo-Pacific Economic Framework for Prosperity (IPEF)
Today, U.S. Secretary of Commerce Gina Raimondo joined Thai Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-Nukara along with the ministers from the 12 other…
Record influx of US Crude hits day-to-day oil markets in Europe
Physical oil markets in Europe are weakening — quashing a rally — as a gush of crude imports from the US head toward a region…
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