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...Aviation start-up ZeroAvia has secured the backing of the UK’s state-owned infrastructure investment bank in its latest fundraising round to help it develop a hydrogen-electric engine for zero-emission flight...
...He had seen no slowdown in wealthy Chinese, including family offices, looking at Singapore, even after the city-state was rocked by a large money laundering investigation last year....
...JPMorgan forecasts that the world will need 108mn barrels of oil a day in 2030, and that building more wind, solar and electric vehicle capacity could add a further 2mn daily barrels to this total....
...At Goldman Sachs Asset Management International, which houses parts of the bank’s non-US money management business, the gap widened to 54.1 per cent from 51.3 per cent....
...Is the electric vehicle market starting to run flat?...
...“If you are a bus operator, you do not have that kind of investment available . . . this is about finding a way to bring institutional money in,” he said....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...“Apple was going outside its core DNA, and to spend another $10bn would be putting good money after bad.”...
...“As the business grew in different directions, it became harder and harder to make money,” he recalled during a recent Xiaomi event....
...Deciding where to put the money has direct consequences — a new hatchback means no money for an alternative model, for example. The rise of the electric era throws this issue into even sharper relief....
...Multinational carmakers have given a firm vote of confidence in Brazil in 2024, with significant funding also confirmed in recent weeks by Volkswagen, Toyota, Hyundai and General Motors, together totalling...
...They’ve also pledged to put pressure on businesses they invest in, and on the asset management companies that invest much of NZAOA members’ money, to clean up their own act....
...In addition, it said £14,000 given by donors for local Tory party campaign activities had been transferred to Menzies’ personal bank account and used for his private medical expenses....
...And here’s what else I’m keeping tabs on today: ‘Hush money’ case: Opening arguments begin in the criminal trial of Donald Trump....
...My point is more general....
.... — Patrick Temple-West The Moral Money Summit Europe is returning to London on May 22-23....
...It followed her duet with Davido, “Na Money”. There were numerous other guests during the set....
...“After all the money we spend on it, it only saves the median driver £13 a month.”...
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...The attorney-general must now decide whether to pursue the case....
...Peugeot was bailed out in 2014, while Opel was sold by General Motors after decades of accumulated losses. This suffuses the business with a survivalist mentality and a sense of urgency....
...board wrote in its annual general meeting report....
...The FT’s Lex column writes on Chinese smartphone maker Xiaomi’s push into electric cars, and on the UK’s need for energy storage plants to support a renewables-based electric grid....
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