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BBCNEWS Business Today September 20, 2024

In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in ov ....

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The US is entering a risky new phase of the EV transition

As American and European automakers navigate a narrowing menu of tax credits, China’s BYD is roaring ahead. ....

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Umicore, Volkswagen present Ionway battery parts joint venture, ET Auto

Volkswagen: Through the joint venture, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles. ....

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Munich Auto Show Highlights China's EV Strength

The EV boom is as real as it gets, but it is by no means an easy road, not even for German automakers who were once behind the automotive industry's best design and cutting-edge technology. On Monday, the IAA motor show kicked off in Munich, but rather than the sound of Mercedes Benz Group AG (OTC: MBGAF) cutting-edge engines and sleek visual silhouettes of Porsche Automobil Holding SE (OTC: POAHY), the spotlight will be on Tesla Inc (NASDAQ: TSLA) that is unveiling an improved version of its be ....

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Report: China has 10,000 euro cost advantage in small EVs

Forvia Chief Executive Patrick Koller said that Chinese automakers can build an electric vehicle (EV) for 10,000 euros less than European automakers ....

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