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Russian Car Sales Jump in September as Chinese Brands Expand Market Share
Date: October 4, 2023
Russian car sales jump in September as Chinese brands expand market share (Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share. Russia’s auto industry was heavily reliant on investment, equipment...
Bangladesh Moves up the Ranks and Could Become the 24th Largest Economy by 2036
Date: May 3, 2023
Bangladesh, located in South Asia, has made significant strides in recent years, with the country becoming one of the fastest-growing economies in the world. Today, it is the 32nd largest economy worldwide. And although it’s the eighth most densely populated country globally, Bangladesh has managed to make remarkable progress, including increasing literacy rates, boosting exports,...
India Makes Inroads Into Sri Lanka Under China’s Long Shadow
Date: December 27, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January...
Suez Canal Open to Foreign Investment, Sovereignty Protected
Date: December 23, 2022
CAIRO (Reuters) -Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help to manage its resources, the head of the Suez Canal Authority (SCA) said on Thursday. SCA Chairman Osama Rabie was speaking to reporters after legal amendments providing for the fund...
Chinese Carmakers Target More European Sales With Five-Star EVs
Date: November 21, 2022
By Nick Carey SOLIHULL, England (Reuters) – Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features. In the last few months, several Chinese EVs have received five-star European New Car Assessment...
U.S. To Maintain Close Relationship With Uk, White House Says
Date: October 21, 2022
WASHINGTON (Reuters) -The United States will continue its close relationship with Britain and the successor to British Prime Minister Liz Truss, White House Chief of Staff Ron Klain said on Thursday after the UK leader announced her resignation. U.S. President Joe Biden will issue a statement later on Thursday, his top aide added. “Our country’s...