01 May 2023

Analyst predicts potential bottleneck in battery supply chain by 2025.

  According to Mike Dean, an automotive equity research analyst at Bloomberg Intelligence, the supply of lithium batteries for electric vehicle (EV) production could face a bottleneck starting in 2025. The growing demand for EVs, fueled by consumer interest and government incentives, is expected to surpass the available capacity for battery production. Dean highlighted that […]

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08 Apr 2023

NRF Forecasts 2023 Retail Sales to Grow Between 4% and 6%

  WASHINGTON – The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,” […]

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09 Mar 2023

China Economy News

China Feb services activity jumps sharply as demand recovers- Caixin PMI BEIJING, March 3 (Reuters) Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The Caixin/S&P […]

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15 Jan 2023

Singapore, Long Beach, L.A. Ports to Establish Green, Digital Shipping Corridor

Collaboration aimed at decarbonizing ocean cargo transport The Maritime and Port Authority of Singapore (MPA), Port of Long Beach, Port of Los Angeles, and C40 Cities have begun discussions to establish a green and digital shipping corridor between Singapore and the San Pedro Bay port complex. The corridor will focus on low- and zero-carbon ship […]

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