Fortune (October 3)
“The boss of German carmaker Mercedes-Benz is bracing his company for a ‘Darwinian battle’ as Europe’s auto giants reel from falling demand and the onslaught of Chinese competitors.” CEO Ola Källenius and Mercedes-Benz are at “a pivotal moment of sink or swim.” As EV uptake slows in the Europe, “a similar demand glut in China and the emergence of cheap competitors from the region has left Europe’s carmakers fighting fires at home and overseas.”
Tags: Carmaker, CEO, China, Competitors, Darwinian battle, Europe, EVs, Falling demand, Germany, Glut, Källenius, Mercedes-Benz, Onslaught
Reuters (September 28)
“Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve’s November policy meeting.” On top of that, “a global stock index also reached a record high, helped by China’s stimulus boost, and European shares posted an all-time high close.”
Tags: China, Dollar, Dow, Europe, Expectations, Fed, Global stock, High, Index, Inflation, Interest rate, Policy meeting, Record, Stimulus, U.S., Yields
Washington Post (September 19)
Europe faces many challenges, but the largest is structural. “The E.U. is still not really one big thing, but a collection of smaller ones. This makes it difficult for companies to scale” or for the EU to pursue a coherent strategy. “Mr. Draghi’s report has many good ideas — to unify budgets, markets and strategies; to streamline rules to encourage innovation. At its core, the message is one that Europeans have heard before: For Europe to thrive, it must act as Europe.”
Tags: Budgets, Challenges, Companies, Draghi, E.U., Europe, Markets, Rules, Scale, Strategies, Strategy, Streamline, Structural, Unify
New York Times (August 25)
“Given the war in Ukraine, the risks of a larger war in the Middle East and China’s accelerating challenge to American primacy, Europe needs the United States more than it has since the end of the Cold War. And America still has a unique and valuable asset that its growing list of rivals and adversaries don’t: reliable allies and partners in Europe.” No two ways about it: “America and Europe need each other.”
Tags: Adversaries, Allies, Asset, China, Cold war, Europe, Middle East, Primacy, Reliable, Risks, Rivals, U.S., Ukraine, Unique, Valuable, War
Financial Times (August 23)
“Closely watched gauges of long-term inflation expectations in Europe have reached their lowest levels for almost two years, in a sign that investors think central banks can keep lowering interest rates without risking a flare-up in price pressures.” Concerns are also easing in the U.S., with “markets pricing the average long-term inflation rate at 2.4 per cent, down from 2.6 per cent in July.”
Tags: Central banks, Concerns, Easing, Europe, Expectations, Flare up, Inflation, Interest rates, Investors, Price pressures, Risking, U.S.
South China Morning Post (July 11)
“The Asia-Pacific region has outpaced other regions in terms of wealth growth since 2008,” During the past 15 years, “wealth in the region has grown by nearly 177 per cent…. The Americas came in second at nearly 146 per cent, while Europe, the Middle East and Africa (EMEA) saw the slowest growth at 44 per cent.”
The Guardian (June 24)
Emmanuel Macron “opted to call the French electorate’s bluff, calculating that the prospect of a radical-right prime minister in the Élysée would ‘clarify’ its thinking. A week away from the first round of a poll whose consequences will reverberate around Europe, this reckless gamble shows no sign at all of paying off.”
Tags: Consequences, Élysée, Europe, French electorate, Gamble, Macron, Poll, Prime minister, Radical right, Reckless, Reverberate
Fortune (June 21)
“Nvidia became the world’s most valuable company” earlier this week. Moreover, Nvidia’s market cap of $3.35 trillion “single-handedly eclipses all of Europe’s stock markets in market capitalization.” According to Deutsche Bank, “the chipmaker’s valuation outstrips that of all listed stocks in Europe’s major business hubs—Germany, France, and the U.K.” Currently the “only markets whose listed shares are collectively larger than Nvidia’s are those of the U.S., India, China, and Japan”
Tags: $3.35 trillion, China, Chipmaker, Company, Deutsche Bank, Europe, France, Germany, India, Listed stocks, Market-cap, Nvidia, Outstrips, Stock markets, U.K., U.S., Valuable, Valuation
New York Times (May 27)
“The United States, Europe and other wealthy nations are trying frantically to catch up” to China which, according to the IEA, “accounted for 85 percent of all clean-energy manufacturing investment in the world” in 2022. These nations are now “spending huge amounts on subsidizing homegrown companies while also seeking to block competing Chinese products.” They seem to be making “modest inroads” with China’s share of investment falling to 75% in 2023.
Tags: 2022, 2023, Catch up, China, Clean-energy, Competing, Europe, Homegrown, IEA, Inroads, Manufacturing investment, Subsidizing, U.S., Wealthy nations
The Hill (April 22)
“Anyone doubting that China is well on its way to a Japanese-style lost economic decade has apparently missed the bursting of its massive housing and credit market bubble and the souring of U.S. and European trade relations with that country.” Make no mistake, China’s fall “would constitute a major headwind for world economic recovery.”
Tags: Bubble, Bursting, China, Credit market, Europe, Fall, Headwind, Housing, Japan, Lost decade, Trade relations, U.S., World
