#global-market

#global-market

Trump's proposed tariffs have sparked significant backlash for being seen as unnecessary and harmful to both the US and global economy.

US tariffs on soya-bean exports may accelerate deforestation in South America.

Global oil prices have declined significantly following Trump's tariff announcement, impacting Russian crude oil revenues.

Oil prices fell over 1.5% due to disappointing inflation data and economic concerns from China, influencing global crude demand.

China's economic weakness is significantly affecting oil prices and demand, overshadowing Middle Eastern geopolitical tensions.

Red Sea tensions and sanctions are driving oil prices higher, but a sustained rally is unlikely without crossing $70 per barrel.

Chinese carmakers are gaining substantial market share in emerging markets, despite attempts to limit their presence in the U.S.

BYD has overtaken Honda and Nissan in car sales, becoming the 7th largest automaker worldwide as of Q2 2024.

BYD's sales volume surged by 40%, making it the seventh-largest global automaker and surpassing Honda in quarterly sales for the first time.

Chinese automakers have evolved to dominate the global EV market with impressive speed, quality, and craftsmanship, challenging traditional automotive leaders.

Volkswagen is struggling with declining sales and increased competition in the electric vehicle market, leading to significant operational and workforce cuts.

Polestar expects lower revenue in 2024 due to declining EV sales and has been impacted by a global price war.

September set a new record for EV sales, demonstrating a significant growth rate despite concerns about a market slowdown in 2024.

The U.S. auto industry transformed due to innovative manufacturing techniques, dominated by mass production starting in the early 20th century.

China's EV makers face intense pressure from global competition and tariffs, highlighting the unsustainable nature of their previous successes.

Trump is likely to implement tariffs soon after taking office, affecting China and other trading partners.

Samsung co-CEO Han Jong-hee passed away, leaving Jun Young-hyun as the sole CEO amid challenges facing the company's memory chip business.

MGID's new appointments aim to enhance global advertising capabilities and adapt to evolving market demands.

AI technology simplifies YouTube video translations, breaking language barriers and enhancing audience reach.

The company redefined construction material sourcing with a tech-driven supply chain platform, eliminating middlemen and enhancing global access to quality materials.

India is rapidly becoming a key player in the global semiconductor market, with projected growth to USD 64 billion by 2026.

Global semiconductor sales rose 20.6% in August, fueled by demand from AI, cloud computing, and automotive sectors, despite ongoing supply chain challenges.

Australia's startup ecosystem has become world-class with the emergence of significant tech companies and improved investor confidence since 2016.

France's AI sector receives significant investment boost with Holistic's $200mn funding round.