In India, the world’s fifth-largest economy, two-wheel vehicles including scooters, mopeds and motorbikes dominate the electric vehicle market.
“China is doing quite well in pretty much everything, except semiconductors,” said Kirkland Capital’s CEO.
For the year ahead, Bain Partner Derek Deng said China’s consumer spending likely wouldn’t even return to 2021 levels due to macroeconomic developments.
The Suez Canal Authority said work was underway to tow bulk carrier Glory after it suffered an engine failure Monday morning.
Tens of thousands of workers have walked out across industries in recent months to demand better working conditions and pay raises in line with inflation.
Brazilian stocks are expected to plunge on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss.
Airlines are scaling back perks for frequent flyers and big spenders as travel roars back.
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