Chinese electric vehicles gain market share in Norway
  • January 2, 2025

Chinese electric vehicles gain market share in Norway

Chinese electric cars have surged to account for almost 10% of new car sales in Norway in only five years, data from the country's road federation (OFV) showed on Thursday. Wealthy Norway is far ahead of most countries in the switch to electric vehicles and unlike the European Union and the United States has not imposed import tariffs on Chinese EVs. Brussels and Washington say Chinese EVs benefit from unfair subsidies, which Beijing denies, and Western automakers have warned they could be hit hard by cheap Chinese imports, although there have been doubts if buyers would adopt unfamiliar brands.

Indian Stocks Outperform Biggest Asian Peers at Start of 2025
  • January 2, 2025

Indian Stocks Outperform Biggest Asian Peers at Start of 2025

(Bloomberg) -- Indian stocks rallied at the beginning of the new year to outperform their biggest Asian peers. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?Detroit’s Michigan Central Is the Building Revival Story of 2024NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueBurned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe NSE Nifty 50 Index rose 1.9%, the biggest gain since Nov. 22, to close at 24,1

Morning Bid: Markets usher in 2025 with Trump trepidation
  • January 1, 2025

Morning Bid: Markets usher in 2025 with Trump trepidation

An air of caution lingered over markets on Thursday as Donald Trump's impending return to the White House - and his plans for hefty import tariffs, tax cuts and immigration restrictions - set the tone for the new year. With just over two weeks until the U.S. President-elect's Jan. 20 inauguration, investors were bracing for unpredictability in Trump's economic agenda and what that would mean for the global economy. Trump's talk of tariffs in excess of 60% on imports of Chinese goods has coincided with central government pledges of proactive policies to promote growth this year, muddying the outlook for an economy that has struggled for momentum.