Chinese EV may be the new Tesla killer

BYD sold the most electric cars worldwide in the first half of 2022, industry data shows Chinese auto producer BYD sold more than 641,000 electric vehicles in the first six months of the year, making the company the world’s top EV maker in terms of sales, Chinese media reports, citing industry data.

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Top US bank issues grim prediction – CNN

The Fed’s tough policy tightening will cripple the nation’s job growth, Bank of America reportedly warns The Federal Reserve’s aggressive efforts to bring down historically high inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America (BofA) warned in a note to…

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Russia, Iran, and Azerbaijan strike deal to ease trade

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