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1.4 Million vehicles lost in production in Q3, due to chip shortage at Volkswagen and Stellantis
Europe's two biggest carmakers Volkswagen and Stellantis have lost 1.4 million vehicles in production in the third quarter, due to the global semiconductor chip shortage.
Highlights
• Volkswagen is Europe’s top car manufactu...
Profit growth accelerates in China, industries witness growth in September
Chinese industrial firms witnessed profits in September despite surging prices of raw materials and supply congestion. This rise in profits was seen due to stellar growth in mining and raw material industries, on the other hand some businesses struggled.
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Ganfeng informs customers about raising lithium prices, due to power crunch in China
Ganfeng is one of the world's top producers of lithium chemicals, which are used in electric vehicle batteries. Ganfeng Lithium has decided to rise prices. It has also informed its customers about the raising prices for lithium metal products.
Highlights
UK ECONOMY OBSERVES IMPACTS OF CORONAVIRUS OUTBREAK
Highlights
- Fears of cash flows are rising
- MSCI’s All-Country World Index plunged by 12.4% last week
Financial markets face another volatile week. It was on account of the escalating coronavirus crisis. It...