Month: June 2024

Wan Gang, the visionary behind China’s surge in electric vehicles, sees European collaboration as a promising path forward. HEFEI, China — Wan Gang, widely recognized as the architect of China's electric vehicle (EV) strategy, suggested Wednesday that Chinese investment in Europe's electric vehicle industry could benefit both regions amid ongoing trade disputes . “I believe the governments of China and the European Union are now considering how, through negotiations, to combine investment with commodity trade,” said Wan Gang, current president of the China Association for Science and Technology. Wan made the remarks via an official English translation during a panel…

General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates stable at its June meeting, but described the choice as "finely balanced" following the UK reaching its inflation target of 2 %. Money market prices pointed to a near 50% chance of a rate cut in August as investors interpreted a subtly dovish message. The central bank's key rate stands at 5.25%, its highest level in 16 years, and has been held since August. Seven members of the monetary policy committee voted to keep the rate unchanged,…

A Delta Air Lines Boeing 767 lands at JFK Airport as Delta and United compete for luxury flyers A Delta Air Lines Boeing 767 passenger plane from Dublin arrives at New York's JFK International Airport, with the iconic Manhattan skyline in the background, on February 7, 2024. Charly Triballeau | Afp | Getty Images Delta Air Lines, the nation’s most profitable airline, faces a challenge in maintaining its top spot. The airline’s unit revenue, or the amount earned per seat mile flown, topped its peers last year. Delta’s stock price is up nearly 23% in 2024, outpacing other airlines in…