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Asia-Pacific markets mostly lower ahead of Australia’s May inflation figures
Australia’s weighted consumer price index is expected to be 3.8% in May, according to Reuters poll of economists, higher than the 3.6% recorded in April.
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The Chinese yuan’s status as a global currency is gaining ground — but top CEOs see more hurdles
For China’s yuan to be used more globally, the currency needs more “applications” such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
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Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.
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Here’s how bad housing affordability is now
Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.
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An AI data center boom is coming, Jefferies says, naming top stocks to buy right now
Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a “new era of electricity demand.”
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Welch’s wants to grow up with ’90s kids by turning juice into vodka
Wine to juice and juice to alcohol: the former temperance company pulls on the nostalgia chords especially for younger generations
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Volkswagen throws struggling Rivian a lifeline with $5 billion investment
The companies are starting a new venture “equally controlled and owned” to develop “next generation” battery-powered vehicles.
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China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions
China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.