Mercedes-AMG is gearing up to launch its latest high-performance model, the CLE 63. Recent spy shots have revealed two camouflaged prototypes undergoing rigorous testing at a racetrack. These prototypes showcase the 63 specific styling elements, including distinctive front and rear bumpers, a quad exhaust setup, and the iconic Panamericana grille. Unlike its less powerful siblings, the CLE 63 is expected to feature a hybridized V8 engine instead of a four cylinder or six cylinder unit. This powerful engine will provide a thrilling driving experience. While the exact engine details remain under wraps, it’s likely that AMG will utilize a twin-turbo…
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Investing.com– Chinese stocks are likely to experience increased volatility in the coming days as investors digest the government’s recent round of stimulus, UBS analysts said, while flagging potential risks from a disappointing stimulus package. China’s and indexes clocked wild swings in recent sessions after the government announced plans to unlock more fiscal stimulus for the economy. But a lack of crucial details on the planned measures, especially their timing and scale- disappointed some investors. China’s benchmark indexes had surged to two-year highs earlier in October on optimism over more stimulus. But this rally now appeared to have fizzled out. “Investors…
By Kevin YaoBEIJING (Reuters) – China’s economy is likely to expand 4.8% in 2024, undershooting the government’s target, and growth could cool further to 4.5% in 2025, a Reuters poll showed, maintaining the pressure on policymakers as they consider more stimulus measures.Gross domestic product is forecast to have risen 4.5% in the third quarter from a year earlier, slowing from 4.7% in the second quarter and hitting the weakest since the first quarter of 2023, according to the poll, which was conducted between Sept. 27 and Oct. 15.Authorities have sharply ramped up policy stimulus since late September in a bid…
Amidst a dwindling cash reserve, Rivian has been forced to temporarily halt plans for a second factory in Georgia. Despite the setback, the EV startup has applied for a federal loan to fund the construction of the facility by 2028. However, with its financial situation deteriorating rapidly, Rivian’s ability to realize this ambitious goal remains uncertain. The company’s recent financial performance has been marked by disappointing results. Rivian delivered fewer vehicles than expected in the third quarter and announced a lower full-year production guidance. Additionally, the EV startup’s partnership with Volkswagen, which was once seen as a strategic advantage, has…
Centrally managed data for better collaborationSimplified operations and faster innovation with a cloud-first strategy PARIS–(BUSINESS WIRE)–™F Group, a leading provider of critical administrative services for global businesses, turned to long-term trusted partner Orange Business to deploy a centralised managed hybrid cloud solution to improve performance and provide greater flexibility and collaboration capabilities to address digital business needs.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015645966/en/Simplified operations and faster innovation with a cloud-first strategy (Photo credit: Orange Business Services)™F Group strives to be a trusted partner to its clients, providing and expanding its delivery of first-class services anywhere in…
Tesla, having finally released invites to its highly anticipated Robotaxi event on October 10, has been building excitement. However, the hype surrounding the event, fueled by third party speculation and sci-fi references, may set unrealistic expectations for the casual fan. The event, dubbed “We, Robot,” reminiscent of Will Smith’s “I, Robot” and Isaac Asimov’s short story collection, has seen Tesla’s stock prices steadily rise in anticipation. With EV sales slowing down, Tesla’s future hinges largely on the success of its autonomous driving technology. Tesla Teases Robotaxi Event Amidst High Investor Anticipation and Sci-Fi Speculation (sugardesign_1 / Instagram) The Robotaxi event,…
Skoda has revealed a groundbreaking new concept car, the Enyaq RS Race, a motorsport-inspired evolution of its popular Enyaq Coupe RS. This sleek, aerodynamic vehicle boasts a significant increase in width and a lower stance compared to its road legal counterpart. The Enyaq RS Race features redesigned bumpers, headlights, and taillights, as well as a striking LED strip connecting the front lights. Beyond its aggressive exterior, the Enyaq RS Race showcases Skoda’s commitment to sustainability. The car incorporates sustainable materials throughout its construction, including biocomposites for bumpers, fenders, roofs, and interior elements. These materials reduce the car’s environmental impact and…
Image source: Getty Images FTSE 100 global investment firm M&G (LSE: MNG) is one of my top stocks geared to maximising passive income (money made from minimal effort). And my aim is to use this to keep reducing my daily working commitments. What are the current yield and forecasts? In 2023, the firm paid a total dividend of 19.7p. This gives a yield on the current £2.03 share price of 9.7% — one of the highest returns of any FTSE index. By contrast, the present average FTSE 100 payout is just 3.5%, and the FTSE 250’s is only 3.3%. Analysts…
MIAMI (Reuters) – Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association’s annual conference in Miami on Monday. Elevated demand for gold from central banks underpinned the price of the non-yielding gold when the global interest rates were high in 2022-2023 and then slowed down with this year’s 28% price rally. China’s central bank held back on buying gold for a fifth straight month in September. Despite the gold rally, representatives of central banks of the Czech Republic, Mongolia and Mexico told…
Investing.com — US stock futures hovered around both sides of the flatline as markets waited for cues from fresh company earnings and economic indicators. Wall Street banking giants Bank of America and Goldman Sachs are due to highlight the slate of quarterly returns. Meanwhile, shares in Nvidia (NASDAQ:) touch a new record high, bringing the artificial intelligence chipmaker’s market capitalization closer to tech behemoth Apple (NASDAQ:), the world’s most valuable company. 1. Futures mixed US stock futures were mixed on Tuesday, with investors looking ahead to a raft of quarterly corporate earnings reports and key economic data. By 03:30 ET (07:30…