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Ford Cancels $6.5 Billion EV Battery Deal with South Korea’s LG Energy Solution
Ford Motor Company has terminated its electric vehicle (EV) battery supply agreement with South Korea’s LG Energy Solution (LGES), a deal valued at approximately $6.5 billion (9.6 trillion won), following shifts in production plans and EV demand outlook. LG Energy Solution confirmed the termination in a regulatory filing, stating that the notice came after Ford
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India Equity Benchmarks Muted Amid Fed Uncertainty and Foreign Fund Outflows
India Equity Benchmarks Muted Amid Fed Uncertainty and Foreign Fund Outflows India’s major stock indices traded cautiously on Wednesday, reflecting broader Asian market trends and investor uncertainty over the Federal Reserve’s rate trajectory following mixed U.S. jobs data. The Nifty 50 index rose 0.1% to 25,881.7 points, while the BSE Sensex gained 0.1% to 84,719.84
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India’s RBI Intervenes to Halt Rupee Slide Amid Market Volatility
India’s RBI Intervenes to Halt Rupee Slide Amid Market Volatility India’s central bank, the Reserve Bank of India (RBI), took decisive action on Wednesday to halt the rupee’s persistent decline, selling dollars in currency markets to stabilize the domestic currency. The intervention comes after the Indian rupee fell more than 1% over the previous four
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UK Inflation Data Crucial Ahead of Bank of England Rate Decision
Investors and market participants are closely watching the latest UK inflation figures, which are set to be released ahead of the Bank of England’s (BoE) highly anticipated interest rate decision this Thursday. The inflation report represents the final hurdle for policymakers, with both headline and core consumer prices expected to have slowed on a monthly
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European Shares Rise on Bank and Commodity Gains Amid Economic Signals
European shares climbed on Wednesday as financial stocks and resource-linked sectors led a market recovery following the previous session’s losses, while investors awaited fresh economic data to guide market direction. The pan-European STOXX 600 index rose 0.3% to 581.26 as of early trading, signaling cautious optimism among investors. Major regional bourses followed suit, with the
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German Business Sentiment Drops Unexpectedly in December, Ifo Survey Shows
German business morale fell unexpectedly in December 2025, signaling continued challenges for Europe’s largest economy as it struggles to regain growth momentum. According to the latest Ifo Business Climate Survey, the business climate index decreased to 87.6 in December, down from a slightly revised 88.0 in November. Economists surveyed by Reuters had anticipated a modest
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Global Stocks Meander as Oil Surges Amid Venezuela Blockade
Global financial markets showed mixed movements on Wednesday as investors reacted to a combination of geopolitical tensions, U.S. jobs data, and anticipation of central bank decisions. Meanwhile, oil prices surged after former President Donald Trump ordered a blockade of sanctioned oil tankers leaving and entering Venezuela. The directive on Venezuela intensified concerns over global oil
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European Commission Weakens 2035 Ban on Petrol and Diesel Cars
The European Commission has scaled back its plan to ban the sale of new petrol and diesel vehicles by 2035, allowing carmakers more flexibility amid lobbying from Germany and other major automotive nations. Under the previous rules, all new cars sold from 2035 would have been required to be fully zero-emission. However, the revised plan
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Elon Musk’s X Blocks European Commission from Advertising After €120 Million Fine
Elon Musk’s social media platform X has banned the European Commission from running ads on its site, just days after the EU imposed a €120 million (£105 million) fine over the platform’s controversial blue tick verification system. The dispute marks another high-profile clash between Elon Musk’s X and international regulators, following fines and legal challenges
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Elon Musk Reflects on Doge: “Somewhat Successful” but Wouldn’t Do It Again
Elon Musk, the billionaire CEO of Tesla and SpaceX, has opened up about his controversial stint leading the Department of Government Efficiency (Doge), admitting that while it was “somewhat successful,” he would not take on the role again. During a nearly hour-long discussion on The Katie Miller Podcast this week, Musk reflected on his time
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