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Monthly Archives: March 2023

Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China

Xpeng showroom in Beijing showing the P7 electric sedan. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric car company Xpeng announced Friday it will be rolling out its latest assisted driving software to users in the metropolis of Shanghai, something its U.S. rival Tesla does not …

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‘Nationalizing bond markets’ left central banks unprepared for inflation: HSBC

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The prolonged period of loose monetary policy after the global financial crisis equated to …

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Inflation in the euro zone dropped in March, but the ECB’s path is unclear

A market stall in Madrid, Spain. Analysts digest the latest inflation numbers out of the euro zone. Europa Press News | Europa Press | Getty Images Inflation in the euro zone dropped significantly in March as energy prices continued to fall, while core expenses picked up to an all-time high. …

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Biggest profit decline since 2011, revenue flat

Huawei’s revenue stabilized in 2022 as the company diversified into new areas like cloud computing and automotive technology. But its profit plunged as pressure from U.S. sanctions and China’s pandemic controls weighed on the Chinese technology giant. Joan Cros | Nurphoto | Getty Images Huawei reported on Friday its biggest …

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Britain to join CPTPP in biggest trade deal since Brexit

A Union Jack flag flies near the Elizabeth Tower, commonly referred to as Big Ben, at the Houses of Parliament in central London, U.K., on March 29, 2017. Justin Tallis | AFP | Getty Images Britain struck a historic trade deal to join a vast Indo-Pacific trade bloc after nearly …

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World Bank raises outlook for East Asia, says banking sector is sound

The World Bank said “the most immediate challenge” for the region is the growing division between the U.S. and China. Anadolu Agency | Anadolu Agency | Getty Images The World Bank expects East Asian and Pacific economies to grow more than it previously estimated, thanks to a sharp rebound in …

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China’s banking troubles not the same as Silicon Valley Bank: economist

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. – With hindsight, there were warning signs ahead of last week’s spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among …

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A recession may be coming, but for now the signs are invisible

CNBC’s Jim Cramer said Thursday that he’s still searching for the first sign of a recession, even though it’s all anyone seems to be talking about. “Maybe the recession’s coming; maybe the credit crunch is right upon us,” Cramer said. “But until then, I think it’s pretty invisible.” Cramer said …

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Now is the time to focus on emergency savings, Suze Orman says

Suze Orman Nathan Congleton | NBC | Getty Images The recent failures of Silicon Valley Bank and Signature Bank have made a recession more possible — and that means it’s more important than ever to have emergency savings set aside, according to personal finance expert Suze Orman. “Because of what …

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Turkey formally approves Finland’s NATO membership, in setback for Russia

Turkish President Recep Tayyip Erdogan (R) and Finnish President Sauli Niinisto (L) deliver a joint press conference held after their meeting at the Presidential Complex in Ankara, on March 17, 2023. Adem Altan | Afp | Getty Images Turkey’s parliament voted unanimously to formally approve Finland’s membership to NATO on …

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