According to research firm Gartner, shipments of electric vehicles worldwide would rise to 18.4 million units in 2024 and 20.6 million in 2025. Global sales of electric vehicles exceeded 15 million in 2023. 15% of electric car startups that were established in the last ten years are expected to be purchased or file for bankruptcy by 2027. "This does not imply that the market for electric...

The UK exchanges are now able to trade assets related to cryptocurrencies thanks to permission from the Financial Conduct Authority (FCA). The Financial Times reports that only experienced investors will be permitted to transact using exchange-traded notes, or ETNs, in the cryptocurrency space. Notably, the watchdog issued a warning, stating that these instruments are "ill-suited for private...

Preliminary estimates from the World Gold Council (WGC) indicate that 39 tons of gold were purchased by global central banks in January as foreign exchange reserves. According to WGC analyst Krishan Gopaul's evaluation, this is more than double the specified amounts of December (16.9 tons), making January the eighth straight month of growth. China (10 tons) and Turkey (11.8 tons) were the...

The largest lithium producer in the world, US-based Albemarle, said in a press release that it has begun a public offering of $1.75 billion in depositary shares. Each of the securities represents a 5% interest in one mandatory convertible preferred stock of Series A. Albemarle plans to provide the offering's underwriters a 30-day window to buy an additional $262.5 million worth of depositary...

The Swiss National Bank (SNB) reported a net loss of 3.2 billion francs ($3.6 billion) for 2023. The loss was 132.5 billion francs in 2022. According to the SNB, its foreign currency positions saw a profit of 4 billion francs last year, while its local currency positions saw a loss of 8.5 billion francs. Concurrently, gold's worth increased by 1.7 billion francs on the Central Bank's balance...

China is addressing economic issues by growing the amount of goods produced beyond what is needed domestically, according to the Wall Street Journal (WSJ). A second wave of Chinese imports will be felt by nations all around the world. Twenty years ago, the world economy was hit by the "China shock", a sudden and severe surge of low-cost Chinese goods. Economists predict that this pattern will...

Taras Kachka, the deputy minister of economics for Ukraine, stated that Kiev is ready to restrict food exports to the EU in order to allay the worries of Polish farmers. He went on to say that Ukraine might stabilize the fast rise in supplies by using the mechanisms of licensing and monitoring of commodities. “We'll concede that export growth will not be as rapid as it has been in prior years....

Cocoa bean futures hit an all-time high in price as concerns over supply shortages brought on by illness and drought are growing, writes Bloomberg. The exchange's price of cocoa beans reached a record high. This occurred amid mounting concerns, according to Bloomberg, that supply would be limited as a result of disease and drought that ruined crops at important West African suppliers. The FDA...

Japan's Ministry of Internal Affairs and Communications released a report stating that the country's consumer prices grew by 2.2% annually in January. As a result, the rate of growth fell to its lowest level since March 2022, down from 2.6% in December. After increasing 2.3% in December, prices that do not include fresh food — a crucial metric monitored by the nation's central bank—rose 2% year...