October 2024
Oct 7
Swedish vehicle maker Volvo has delayed building a new battery plant in its home country to power its heavy-duty electric trucks.
Volvo was an early leader in offering electric trucks as the European Union imposed cuts to allowable levels of carbon emissions from large vehicles, setting them to begin in 2025 and tighten in 2030.
Despite having a 56.9-percent share of Europe’s market for heavy trucks, Volvo has seen orders decline for five consecutive quarters. Sales will not improve until the infrastructure for recharging expands and government incentives are offered, it said.
Moody’s Ratings has downgraded Israel’s creditworthiness for a second time this year, dropping it from A2 to Baa1 due to the conflict.
The new rating is three steps away from junk status and Israel’s credit outlook remains negative, Moody’s said.
On 20 September, gold surpassed $2,600 for the first time after the U.S. Federal Reserve reduced its interest rates by 50 basis points two days earlier.
Gold prices have soared 30% this year, it is the biggest annual jump since 2010 - 2010 was the depths of the Great Recession.
Posts
Oct 8
In Germany, the highly-regarded ZEW Indicator of Economic Sentiment plunged from 19.2 in August to 3.6 in September.
Analysts had expected a reading of 15.5. Each month, the indicator polls up to 300 executives in banking, insurance, and corporate finance.
The latest reading indicates that respondents are now evenly balanced between optimism and pessimism about the country’s economic performance over the next six months. A separate index measuring views of Germany’s current economic conditions also deteriorated.
In September http://boomfii.com made new business partnerships expanding our services to a much higher and professional level.
We are now next to four new platforms for PPP and other high level business and market service providers.
This year through September, $2.3 trillion worth of mergers and acquisitions were announced, growing the value of this year’s deals 17 percent above that of the same period in 2023, data service LSEG reported.
Mars paid $36 billion to buy Kellanova, which owns Kellogg’s brand breakfast cereals. Verizon bought Frontier Communications for $20 billion. A variety of other 11-figure deals have been completed.
