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  • Jan 12, 2025

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications. Foxconn's auto venture with Taiwan automaker and importer Yulon Motor Co., Foxtron, showcased its Model B, a sleek EV hatchback, as well as its automotive electronics, at the Consumer Electronics Show in Las Vegas last week.

  • Jan 12, 2025

Germany Set for Dismal Economic Report Card Before Snap Election

(Bloomberg) -- Germany is about to report a second straight year of economic contraction, reminding politicians before February’s snap election of the daunting task they face.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersAnalysts estimate gross domestic product grew 0.1% in the fourth quarter — insufficient to produce a posi

  • Jan 12, 2025

Warnings of 3% Inflation Add to Bank of England’s Headache

(Bloomberg) -- The Bank of England could face a fresh battle to reassure investors of its commitment to interest rate cuts, with economists warning of inflation above 3% by the spring.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersOfficial data on Wednesday is expected to show the consumer prices index sticking above target a

  • Jan 12, 2025

Goldman Strategists See Battered China Stocks Rising 20% in 2025

(Bloomberg) -- Goldman Sachs Group Inc. strategists are sticking to their bullish stance on Chinese stocks despite an ongoing rout, predicting that benchmarks will rise about 20% by year-end.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersStrategists led by Kinger Lau remain overweight on both onshore and offshore Chinese shar

  • Jan 12, 2025

Former Fed Vice Chair Sees No Risk to Fed Autonomy Under Trump

(Bloomberg) -- The Federal Reserve’s independence won’t be in jeopardy once President-elect Donald Trump takes office, neither are inflation and the labor market, according to former Federal Reserve Vice Chair Randal Quarles.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“There’s a fair bit of misunderstanding about what Fed

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