European stocks were mostly higher on Friday as trading resumed after the Christmas holiday break. Trading activity, as expected, continued to remain low. The pan-European STOXX 600 gained 0.3% to 505.08, heading for a modest weekly gain. The index looks set to post modest gains for the year. After rallying up to 10% to a […]
Osamu Suzuki, the visionary behind Suzuki Motor’s global rise and India’s automotive transformation, passed away on Christmas Day at the age of 94 due to lymphoma. His tenure as CEO and chairman for over four decades reshaped the company, taking it beyond its home market of Japan’s mini vehicles. Known for his relentless thriftiness and […]
The FTSE 100 had a solid year overall aided by the Labour party’s landslide victory in the general election, and the Bank of England starting to cut interest rates in what collectively helped boost UK stocks. The UK’s blue-chip index is up 5.36% year-to-date after reaching an all-time high close of 8,445.80 points in May. […]
The US robotaxi industry has witnessed seismic shifts in 2024, marking a pivotal year in its journey toward mass adoption. Alphabet’s Waymo has emerged as a dominant force, outlasting competitors such as General Motors’ now-defunct Cruise. The autonomous vehicle (AV) sector is projected to form a significant part of the $480.09 billion global ride-sharing market […]
Cryptocurrencies are broadly expected to have a strong 2025 as Donald Trump makes good on his promise of pro-crypto regulatory policies after taking office in January. A lack of a basic regulatory framework for exchanges and trading of cryptocurrencies is the predominant reason why many still feel reluctance in spending on this asset class, as […]
Bitwise has filed an application to list and trade shares of an exchange-traded fund that will track companies holding significant amounts of Bitcoin as part of their treasury. The asset management firm’s regulatory filing with the US Securities and Exchange Commission on Dec. 26 outlines the ‘Bitcoin Standard Corporations ETF’ as a fund that will […]
The Mexican automotive market is undergoing a significant transformation as Chinese car manufacturers gain a foothold, disrupting the dominance of long-standing luxury brands like Mercedes-Benz and BMW, as per an AFP report. Traditionally, Mexico’s high-end car market leaned heavily on European and American manufacturers, but changing consumer preferences, price sensitivity, and improved quality are paving […]
The world of automobiles has lost a titan. Osamu Suzuki, the ingenious and fiercely pragmatic leader who propelled Japan’s Suzuki Motor to global prominence, passed away on Christmas Day at the age of 94 after a battle with lymphoma. His legacy, however, extends far beyond the confines of Japan; it’s deeply intertwined with the very […]
The bond market, often seen as a haven of stability, experienced a tumultuous end to the year, with thin trading volumes exacerbating a December selloff. As traders returned from the Christmas break, a significant shift in sentiment regarding interest rate cuts by major central banks sent bond yields soaring, particularly in Europe. A December to […]
Earlier in the week, Elon Musk made headlines for becoming the first human to achieve a net worth of $400 billion (around £315.22 billion). The recent surge was driven by a deal that boosted the valuation of his rocket company, SpaceX, to approximately $350 billion. Back in 2021, he also became the first person to […]