The business of tires has historically been marked by tight competition, low growth and slow margins. The total market value has remained around $50 billion in the past few years, and the overall market grows at a rate of about 2% per year, according to consultancy AlixPartners. But electric vehicles are presenting a whole new set … Read more
ADDIS ABABA, Ethiopia – Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Bloomberg | Bloomberg | Getty Images Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million … Read more
3D Illustration of a human liver organ. magicmine | iStock | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good morning! Millions of Americans with a common and potentially life-threatening form of liver disease will soon have access to the first-ever treatment for … Read more
A wind change increased flames during a planned ignition on the Ross Moore Lake wildfire in Kamloops, British Columbia, Canada, on July 28, 2023. Bloomberg | Bloomberg | Getty Images A series of climate records last year gave new meaning to the phrase “off the charts,” the U.N.’s weather agency said on Tuesday, warning that … Read more
Federal Reserve Chair Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in the Dirksen Building in Washington, D.C., on March 7, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Forecasters in the CNBC Fed Survey are increasingly confident that … Read more
Neon advertisements in Osaka’s Dotonbori district in Japan Alexander Spatari | Moment | Getty Images Japan’s central bank on Tuesday finally ended its experiment with negative rates and unconventional easing tools which were aimed at reflating the world’s fourth-largest economy. The Bank of Japan’s decision came just days after Rengo, Japan’s largest federation of trade … Read more
Logos of Super Micro Computer are pictured at one of the world’s largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. Ann Wang | Reuters Shares of Super Micro Computer dropped on Tuesday after the company announced a new share offering, taking a bite out of one of the biggest rallies tied … Read more
A man has been charged after he allegedly rammed his SUV into two neighbours following an argument over dogs in Sydney’s west. Newly engaged couple Kurt Saunders and Jodie Robertson are in hospital, having allegedly been run down by Corey Porter, 29, in Doonside. WATCH THE VIDEO ABOVE: Man charged with allegedly ramming car into … Read more
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari’s initial public offering in New York City on Oct. 21, 2015. Andrew Burton | Getty Images Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new electric vehicle will offer drivers the same roar as its historic combustion engines. … Read more
A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo on January 06, 2018. Toru Yamanaka | Afp | Getty Images Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin, as part of research into potential new investments. … Read more
