By Samuel Shen, Ankur Banerjee and Tom WestbrookSHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market.Saturday’s news conference by Finance Minister Lan Foan reiterated Beijing’s broad plans to revive the ailing economy, with promises made on significant increases to government debt and support for consumers and the property sector.But for investors who were hoping to hear authorities spell out exactly how much the government will throw at the crisis, the briefing was…
Author: user
Tesla‘s (NASDAQ:TSLA) stock has seen better days. The electric vehicle (EV) manufacturer’s shares are now changing hands for 40% less than they were in November 2021. Increased competition — particularly from China — and rising costs have put a dent in the company’s growth story. But things could change on 5 November. That’s the day when voters in the US go to the polls and choose their next president. Bookmakers suggest the result is too close to call. Perhaps that’s why Elon Musk recently declared his support for Donald Trump. And is offering a financial incentive to encourage people to…
The mining industry faces a critical supply shortage of key metals, despite growth in supply over the past decade. According to BloombergNEF’s Transition Metals Outlook, the world needs $2.1 trillion in new mining investments by 2050 to meet the demand for clean energy technologies. It further illustrates that essential metals like aluminum, copper, and lithium could face deficits as early as this year, which might make EVs, wind turbines, and other low-carbon technologies more expensive. Kwasi Ampofo, head of metals and mining at BNEF and lead author of the report said, “The prolonged deficit of these metals will lead to…
By Samuel Shen, Ankur Banerjee and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market. Saturday’s news conference by Finance Minister Lan Foan reiterated Beijing’s broad plans to revive the ailing economy, with promises made on significant increases to government debt and support for consumers and the property sector. But for investors who were hoping to hear authorities spell out exactly how much the government will throw at the crisis,…
This year at the Villa d’Este Concorso d’Eleganza, BMW introduced the Skytop, a striking two-seater sports car based on the M8 Competition convertible. The vehicle generated significant attention, with hints from BMW suggesting it could go into production in limited quantities. Car and Driver even had the opportunity to test drive the concept, which heightened interest. BMW has now confirmed that the Skytop will indeed be produced, with only 50 units planned. The production version of the Skytop will retain the bold design of the original concept. It features a pointed front end highlighted by sleek LED headlights, while sharp…
The 2022 model year marked the debut of the redesigned Infiniti QX60, a mid-size three-row SUV that showcased a contemporary aesthetic with square shoulders and smooth, rectilinear forms. This new design language is expected to influence the upcoming full-size 2025 QX80. While the SUV transitioned from a continuously variable automatic transmission to a nine-speed automatic for improved performance, it retained the 3.5-liter V-6 engine that has powered the model since 2018. A recent review of the 2023 QX60 indicated that while the vehicle has seen significant improvements in its core competencies, Infiniti must continue to enhance the QX60’s appeal to…
China is expected to announce extra fiscal policy support on Saturday.Analysts expect $283 billion worth of stimulus to be pledged, Bloomberg reported.The lack of consumer support in China’s last stimulus package disappointed investors.Financial markets in China are waiting for Beijing to finally provide fiscal stimulus at a scheduled announcement on Saturday, the key ingredient missing in its latest push to shore up China’s economy.Finance Minister Lan Fo’an is set to announce a fresh consumer-focused boost this weekend — or at least that’s what investors hope will happen.According to a Bloomberg survey, most analysts expect authorities to pledge $283 billion of…
The Polaris Xpedition side-by-side reinterprets rugged SUVs like the Jeep Wrangler and Ford Bronco, shrinking them down to a size that’s nearly equivalent to a two-door Mini Cooper S. While it’s not street legal, the Xpedition shines in off-roadconditions, demonstrating impressive capabilities in challenging terrains such as creeks. With a climate-controlled cabin, it provides a comfortable barrier against outdoor elements like chill and dust, enhancing the overall experience of outdoor adventures. In terms of functionality, the Polaris Xpedition is exceptionally capable, making it a practical choice for those who love off-roading. Since the introduction of the Ranger RZR in 2007,…
The U.S. Supreme Court has agreed to review a case concerning a proposed nuclear waste storage facility in Texas. The project was meant to be a temporary site for storing spent nuclear fuel, but Texas state officials, along with landowners and energy groups, opposed it. They argued that the U.S. Nuclear Regulatory Commission (NRC) didn’t have the authority to approve such a facility away from nuclear reactors. The Fifth Circuit Court agreed and blocked the project. Now, the Supreme Court is being asked to weigh in on two key issues: Can third parties challenge an agency’s decision when they believe…
The Kia Carnival has garnered a positive reputation, appreciated by many for its versatility and performance. Following a comprehensive 40,000-mile long-term test, the team at Car and Driver developed a fondness for the minivan, noting its impressive features and capabilities. Despite its high praise, the Carnival faced criticism for its fuel economy, which ultimately contributed to its second-place finish in a comparison test against competitors. The Toyota Sienna emerged victorious, thanks to its hybrid efficiency, prompting the introduction of the 2025 Kia Carnival Hybrid, aimed at addressing the fuel economy concerns of potential buyers. One of the standout attributes of…