Rising gasoline prices were one of the main reasons inflation stayed relatively hot in April, with overall prices rising 0.3% month over month. Gasoline prices rose 2.8% in April over March levels, one of the largest increases in the consumer price index. As of this week, the average gasoline price is $3.61 a gallon, according to the EIA, down from $3.64 a week ago.
The project is slated to begin in June. Commissioning is expected to take place in 2031.
The account threshold for the bank’s international clients will be kept consistent with its consumer banking business.
Amidst a landscape of fluctuating global markets, the Singapore Exchange (SGX) continues to offer a realm of opportunities for investors seeking stability and income. In this context, dividend stocks stand out as appealing options due to their potential to provide regular income streams and relative resilience during market uncertainties.
The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing. Less than a month after Washington quadrupled duties for Chinese EVs to 100%, Brussels will set almost certainly far lower tariffs for imports from Chinese makers such as BYD and Geely as well as western producers such as Tesla that export cars from China to Europe. The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals.
China's premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a bruising discount war which has already resulted in the demise of several competitors. Major players Nio, Xpeng and Li Auto, all felt the impact of the three-month race to the bottom, as prices for 50 models across a range of brands dropping by an average of 10 per cent. They are now forecasting a jump in sales for the thre
Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac
In this article, we will take a look at the Top Coal Importing Country in the World. We have also compiled a full free list of the Top 20 Coal Importing Countries in the World. Coal is one of the most commonly used fossil fuels all over the world with its uses ranging from electricity […]
European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.
But also true is that the increase in the unemployment rate to 4% snapped a run of more than two full years below that benchmark. The employment gain last month was almost exactly in line with the 12-month trailing average of nearly 276,000 jobs and exceeded the average of 188,000 over the 10 years prior to the COVID-19 pandemic by 84,000. For the 72 manufacturing industries tracked by the BLS diffusion index, hiring was the broadest since October 2022, signaling perhaps a turnaround for a sector where employment growth has lagged for roughly a year and a half.
Tesla shareholders are currently voting on whether to reapprove a massive compensation package for CEO Elon Musk ahead of a June 13 shareholder meeting.
A crisis in orange juice production is to drive up the cost of smoothies for millions of British shoppers, the boss of Innocent has warned.
The U.S. is 100% reliant on imports for 12 minerals that are key to the production of semiconductors and other high-tech products.
The Supreme Court solicited the Biden administration’s views on two lawsuits by the city of Honolulu that accuse the oil and gas industries of knowingly suppressing the truth about their roles in climate change. “The Solicitor General is invited to file a brief in these cases expressing the views of the United States,” the court…
After working for most of your adult life, the last thing you want to do is stress about your finances and pay hefty bills in your golden years. You want to enjoy your retirement after committing to a...
The star had a life-threatening brain bleed in 2011.
If you're getting close to retirement and wondering whether you should still continue to invest once you hang it up for good, the answer is yes. "Retirement isn't just a single day in time, it's a...
Most bosses are defeating shareholder attempts so far this year to tamp down their pay. The question now is whether Tesla CEO Elon Musk can do the same.
LONDON (Reuters) -Oil prices were largely steady on Tuesday, as investors waited for U.S. and China inflation data and the outcome of the Federal Reserve's policy meeting to see how changing prices could hit demand. Brent crude futures fell 14 cents, or 0.2%, to $81.49 per barrel by 1121 GMT, easing after a recovery from a close of $77.52 a week earlier. U.S. West Texas Intermediate (WTI) crude futures slipped 18 cents, or 0.2%, to $77.56.
HANOI/HOA BINH, Vietnam (Reuters) -Lights are off and air conditioning is down at the headquarters of Vietnam's state-run electricity provider EVN as the country's top power utility tries to "lead by example" to avoid a repeat of last year's crippling blackouts, an official tells visitors. But many businesses around Vietnam's capital Hanoi appear to be ignoring the call to conserve power, keeping decorative but otherwise purposeless neon lights on the outside of high-rise buildings on all night. The difficulties in curtailing consumption illustrate the challenges facing Vietnam a year after sudden outages caused losses of hundreds of millions of dollars to multinational manufacturers with investments in the Southeast Asian country.
Indian Oil Minister Hardeep Singh Puri on Tuesday announced that state-run Bharat Petroleum Corp plans to build a new refinery and the nation is looking at signing more oil import deals with countries including Russia at discounted rates. Puri, who took charge of the ministry for a second time on Tuesday, said Prime Minister Narendra Modi wants to provide energy at affordable rates to customers to cushion them from the volatile oil markets. India, the world's third biggest oil importer and consumer, emerged as the biggest buyer of Russian sea-borne oil, snapping up barrels sold at a discount as Western companies halted purchases after Moscow's invasion of Ukraine in 2022.
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