China’s reopening will boost demand for commodities more significantly than it did after the 2008 financial crisis, says Andrew Forrest, executive chairman of Fortescue.
Interest rates declined following turmoil in the banking sector, helping lift demand for mortgages.
Lucid CEO Peter Rawlinson said the job cuts will hit “nearly every organization and level, including executives.”
Greece has seen a surge in the number of people applying for its residency by investment program while other European countries call time on such programs.
She also said she expects China’s electric vehicle demand growth to slow from 95% last year to 22% this year.
Hotel rates in destinations that are popular with Chinese travelers are 45% higher, with rates going even higher in Singapore and parts of Thailand.
Lucid plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.
Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits.
Members of Congress say they have not been briefed about four high-altitude objects downed in the airspace above the U.S. and Canada.
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