Europe's macroeconomic outlook is brighter โ but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday."We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe....
Year: 2024
Chinaโs Shenzhen metropolis sees fastest growth in millionaires globally
Shenzhen city skyline.Photographer is my life. | Getty ImagesChina's Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report.Shenzhen recorded 140% growth in millionaire count, according to the report from New...
Netflix ad-supported tier has 40 million monthly users, nearly double previous count
Rafael Enrique | Lightrocket | Getty ImagesNetflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.That's nearly double the 23 million figure the streaming giant shared in January.The company also said it would launch its own advertising platform and no longer partner with Microsoft...
Chinese EV maker Zeekr prices IPO at $21, at the top end of range
A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021.Aly Song | ReutersChinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top...
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI โ Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries for...