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Chinese EV startups hit record May sales as price war squeezes rivals

China’s electric vehicle market is undergoing a sharp shake-up, with May data revealing a growing divide between industry frontrunners and struggling startups….
Investing

India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban

India’s leading car manufacturer, Maruti Suzuki, stated on Monday that the recent export restrictions imposed by China on rare earth magnets, a…
Investing

Tesla not interested in local electric vehicle production says India minister

India’s Minister for Heavy Industries, H.D. Kumaraswamy, announced that Tesla has expressed no interest in manufacturing electric vehicles (EVs) within the country. …
Latest News

Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

White House Economic Council Director Kevin Hassett says he remains ‘very, very confident’ that courts will support President Donald Trump’s tariff agenda….
Latest News

Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

Sen. Rand Paul, R-Ky., said on Sunday that he would support President Donald Trump’s ‘big, beautiful bill’ if the debt ceiling hike…
Latest News

Trump’s 20th week in office to include White House meeting with European leader, expected call with Xi

President Donald Trump’s 20th week in the Oval Office is expected to include a White House meeting with Germany’s chancellor, a phone…
Latest News

Polish conservative Karol Nawrocki wins presidential election to succeed Duda

Poland has elected Karol Nawrocki, a conservative backed by President Donald Trump, in the country’s presidential runoff election, according to a final…
Latest News

Will the Trump Cabinet undo Musk’s DOGE legacy now that he’s gone?

Tesla and SpaceX CEO Elon Musk’s time as the face of the Department of Government Efficiency (DOGE) has come to an end…
Economy

EUR/USD forecast: carry trade emerges ahead of ECB rate cut

The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision…
Economy

USD/TRY analysis as Goldman Sachs warns on lira carry trade

The Turkish lira has slipped against the US dollar as Goldman Sachs analysts warned about the best-performing carry trade. The USD/TRY exchange…
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