BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

But rate-cut expectations are rising nevertheless. The Bank of England – as was expected – held interest rates steady at 5.25% (in a 6-3 vote – also expected, with Greene, Haskell, and Mann all pushing for another 25bps hike). With rates at...
read more
CATL developed an EV chassis with a 1,000 km range

CATL developed an EV chassis with a 1,000 km range

CATL announced that its EV CIIC skateboard platform completed testing in China and achieved a 1,000 km range, consumption of 10.5 kWh/100km, and managed to charge 300 km in 5 minutes. The car it was sitting on was B class...
read more
Borrell: Destruction In Gaza May Be Worse Than Germany in WWII

Borrell: Destruction In Gaza May Be Worse Than Germany in WWII

European Union foreign policy chief Josep Borrell issued a surprising comparison, saying that the immense destruction in Gaza might be “even greater” than the damage to German cities during World War II. Calling the ongoing Israeli aerial bombardme...
read more
Furious Hypocrite Al Gore Blasts COP28 “On Verge Of Complete Failure”

Furious Hypocrite Al Gore Blasts COP28 “On Verge Of Complete Failure”

Former U.S. Vice President and top hypocrite Al Gore, who loves to fly a bizjet and who refused to come to the conference on a bicycle, said that “COP28 is now on the verge of complete failure.” “The world desperately needs...
read more
Russia to launch year-round LNG shipments via Arctic route

Russia to launch year-round LNG shipments via Arctic route

Moscow plans to start year-round LNG deliveries to Asia via Russia’s Arctic waterways, Sergey Zybko, head of the Northern Sea Route (NSR) operator, announced this week. Speaking during the “Arctic: present and future” forum, Zybko said the launch of the....
read more
India: 135 million Indians lifted out of poverty

India: 135 million Indians lifted out of poverty

The country is maintaining “momentum” as the world’s fastest-growing major economy. India has lifted 135 million people out of poverty in the past five years and remains the world’s “fastest-growing” major economy, Finance Minister Nirmala Sithar...
read more
JPMorgan: Americans running out of savings

JPMorgan: Americans running out of savings

Marko Kolanovic from JPMorgan warned: “It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” he warned, noting the recent surge of credit card and auto loan delinquencies and a...
read more
Pickup Trucks Lead US Auto Sales

Pickup Trucks Lead US Auto Sales

Celebrating its 75th anniversary this year, the Ford F-Series is no less than an American icon. Ford’s immensely popular line of pickup trucks has been the best-selling truck for 46 consecutive years and the country’s best-selling vehicle for the last 4...
read more