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Rapid Growth in Electric Vehicle Sales Continues Worldwide

The number of electric vehicles (EVs) on the roads continues to surge this year, with a significant increase observed in the first months of 2024 compared to the previous year. Particularly notable is the remarkable rise in EV adoption in China, where the market is experiencing a notable upswing. According to Fatih Birol, the Executive Director of the International Energy Agency, EV sales are rising more robustly in…

23 April 2024
State Debts in the Eurozone are High and Persistent

Despite a slight decrease last year, state debts within the Eurozone continue to loom large, constituting a significant portion of the region’s economic output. According to Eurostat, in 2022, these debts collectively amounted to 90.8 percent of the gross domestic product (GDP), down from 90.8 percent the previous year. The surge in state debts observed in recent years can be primarily attributed to the unprecedented borrowing undertaken by…

23 April 2024
Bitcoin’s Halving Event Completed, Fueling Price Surge

The highly anticipated halving event of the cryptocurrency Bitcoin has concluded, marking a significant milestone in its monetary policy. This event, which occurs approximately every four years, plays a pivotal role in shaping the dynamics of Bitcoin’s supply and demand. During a halving, the rewards for Bitcoin miners—those who validate transactions and secure the network—are reduced by half. This mechanism is ingrained in Bitcoin’s protocol and serves the…

20 April 2024
NVIDIA Faces Steep Decline on Wall Street Amid Concerns Over Future Earnings

Chipmaker NVIDIA suffered a significant loss on Wall Street last Friday. The company, specialized in artificial intelligence, plummeted by 10 percent, resulting in a loss of roughly $200 billion. Investors have marked down the AI chip maker by 10 percent amid concerns that NVIDIA’s upcoming quarterly earnings may disappoint. Just two months ago, NVIDIA soared on the stock market, gaining an additional $200 billion in value on Wall…

20 April 2024
Netflix Sees Strong Start to the Year Despite Anticipated Slowdown

Netflix has experienced its best start to the year since 2020, the year the coronavirus pandemic broke out. The video streaming service added over nine million subscribers in the first quarter of this year. In the first three months of last year, the number of customers decreased to less than two million. Netflix’s strong performance is partly due to stricter policies on account sharing. It’s estimated that over…

19 April 2024

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