David Westin Archives -

Why this Chinese EV terrifies Europe’s carmakers 0 (0)

In just a few years China has become the world’s largest car exporter, and electric vehicle-maker BYD is leading the way; it’s now the top-selling EV producer globally, overtaking Tesla and expanding into Europe and beyond. Bloomberg’s Tom Mackenzie reports from Paris, where BYD unveiled its latest luxury EV: the Denza Z9GT. He speaks with BYD Group Executive Vice President Stella Li and Alfredo Altavilla, BYD’s Special Adviser for Europe, about the company’s rapid rise, its technological edge, and the growing pressure on legacy automakers. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications [See More…]

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Why Oil Markets Won’t Recover Quickly From the Iran War 0 (0)

The war in Iran has sent shockwaves through global energy markets, pushing oil and gas prices higher and raising concerns about long-term supply disruptions. IEA Executive Director Fatih Birol tells Chrystia Freeland that even if the Strait of Hormuz reopens soon, damage to more than 80 energy facilities could take years to repair, keeping markets volatile. IMF Managing Director Kristalina Georgieva has warned that the imbalance between supply and demand, combined with infrastructure damage, could have lasting economic consequences. The result is a growing risk not just for energy prices, but for inflation, food costs, and economic stability worldwide. ——– [See More…]