Economy
Vietnam's VinFast struggles to sell electric cars at home
Vietnam's VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk's Tesla, but it is struggling to find buyers for its cars at home. With poor demand in Vietnam, and limited sales and bad press in the United States, VinFast may be producing more cars than it can sell, Guild said.
Equities drop, oil rallies on fears of broader Middle East war
Asian equities retreated and oil prices rallied Wednesday on fears that the Israel-Hamas conflict could spill over into a regional war after a strike on a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive. The Hamas-run Palestinian territory's health ministry blamed Israel for the hospital blast, but Tel Aviv said it was caused by a rocket misfired by Hamas ally Islamic Jihad.
China says third-quarter economic growth slowed to 4.9%
China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption and business activity in the country.
China's third-quarter economic growth slows to 4.9%: official data
China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption and business activity in the country. Retail sales, the main indicator of household consumption, rose a forecast-beating 5.5 percent on-year in September, according to official figures published on Wednesday by the NBS. sbr-tjx/je/dan
Tinubu running an 'Animal Farm' economy, says Atiku
Atiku Abubakar's Special Assistant on Public Communication, Phrank Shaibu, has slammed Bola Tinubu, citing the latest inflation figures for food from 26.72% to 30.6%
EU states strike deal on electricity market reform
EU member states reached an agreement to reform its electricity market after months of sparring between France and Germany over state support for nuclear energy, the European Council said Tuesday. The 27 member states' agreement does allow for state support for existing nuclear power plants subject to compliance with EU rules on state aid.
US retail sales higher than expected in September: govt
Retail sales in the United States came in stronger than expected in September according to government data released Tuesday, supported partly by sales in the auto sector and at gasoline stations.
Police detain Greta Thunberg at London climate protest
UK police on Tuesday removed Swedish climate campaigner Greta Thunberg from a protest outside the energy sector's annual London get-together, an AFP photographer reported. The 20-year-old activist, who has become a key face of the movement to fight climate change, was taken away by two police officers and put into the back of a police van outside the Energy Intelligence Forum.
Goldman Sachs says profits down 36 percent in third quarter
US investment bank Goldman Sachs reported a fall in third quarter profits on Tuesday, noting net losses in equity investments compared with a year ago. The bank reported net losses from real estate investments among other areas.
Economy
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