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European markets close 1% higher, reaching eight-month high The pan-European Stoxx 600 index closed 0.9% higher, taking it to its highest level since early May 2022. European economies are expected to benefit significantly from China’s border re-opening, with travel stocks recording a 2.5% gain. Germany’s DAX index rose 1.25% after industrial production figures rose more … Read more

India is starting to love electric vehicles with two wheels

Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images When most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, to No and XPeng in … Read more

Tesla owners in China protest against abrupt price cuts they missed

Shanghai Reuters — Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after suddenly price cutswhich they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered … Read more

China’s new Covid surge is crippling the world’s most important factories and biggest ports

Workers test transformers at a workshop of Hebei Gaojing Electric Equipment Co LTD in an industrial park in Handan, North China’s Hebei province, Jan 3, 2023. CFOTO | Future Publishing | Getty Images The surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data. … Read more