Electric vehicles made in China—boosted by large government subsidies—are rapidly being adopted around the world. Over the past three years, China’s EV exports have jumped 851%, the New York Times reported in October. But in the U.S., tariffs affecting China’s EV makers have made it nearly impossible for them to compete against vehicles made domestically […]
OMO FOREST RESERVE, Nigeria (AP) — Men in dusty workwear trudge through a thicket, making their way up a hill where sprawling plantations lay tucked in a Nigerian rainforest whose trees have been hacked away to make room for cocoa bound for places like Europe and the U.S. Kehinde Kumayon and his assistant clear low […]
Nio (NIO) announced a new, $2.2 billion investment from Abu Dhabi’s CYVN on Monday, a day after the Chinese electric vehicle maker’s CEO completed a 1,000-kilometer drive on a single charge. Nio stock jumped before the open. X Abu Dhabi government fund CYVN Holdings will expand its stake in the Tesla (TSLA) rival to about […]
(Bloomberg) — A frenzy around obesity drugs made Novo Nordisk A/S Europe’s biggest stock-market success story of 2023. Repeating the trick won’t be so easy. Most Read from Bloomberg Shares of Novo, which makes the diabetes drug Ozempic and weight loss medicine Wegovy, have risen 42% this year, as investors latched on to the growth […]