EUR/USD 1.18737
0.022%
Gold 5057.77
-0.522%
Oil 64.168
-0.877%
USD/JPY 153.573
0.199%
GBP/USD 1.36328
0.034%
GBP/JPY 209.367
0.247%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 12th - Following Wednesdays better-than-expected US non-farm payroll report, the US dollar only briefly rose before giving back its gains. Danske Bank analyst Mohammed Al-Sarraf pointed out that the dollars failure to sustain its rally reflects the continued strong tendency to "sell on rallies" in the market. "We dont think this report is enough to be a turning point for the dollars macroeconomic outlook," Al-Sarraf said. The significant downward revision to the annual baseline non-farm payroll data still points to a structural slowdown in job growth—an average of only 15,000 new jobs per month in 2025, a significant decline from 122,000 in 2024. Furthermore, President Trumps call for further interest rate cuts, citing strong data, exacerbated market concerns about the Federal Reserves independence.February 12th - Following Ukrainian President Volodymyr Zelenskyys statement that Russia would reject a US-brokered ceasefire proposal for energy infrastructure, Ukraine was again subjected to large-scale Russian airstrikes. Ukrainian air defense forces stated that Russian forces launched intensive nighttime strikes on Thursday against major Ukrainian cities including Kyiv, Kharkiv, Odessa, and Dnipropetrov, causing damage to some residential buildings; most of the 24 ballistic missiles and 219 drones that attacked were intercepted. Zelenskyy posted on the X platform that the attack resulted in two deaths. The Ukrainian private energy company DTEK posted that the airstrikes severely damaged an unnamed power facility in the Odessa region, and repairs will take a long time.February 12th - Bank of England Monetary Policy Committee member Bryndon said there is "reason to expect" a further 25 basis point interest rate cut before the end of April. Speaking at a "Business Live" event in Manchester, the Deputy Governor for Financial Stability said that the brakes on monetary policy should be loosened now to provide more support to the economy by lowering borrowing costs. She stated that she is more concerned about the downside risks of slow growth and rising unemployment. "I am not confident that economic activity will see the recovery we expect. Therefore, I think it is appropriate for us to loosen the monetary brake a little more and provide a little more support to the economy," she said. "If the economy continues to develop as we expect, and no shocks occur – to be clear, these are two big ifs... I think there is reason to expect a rate cut in the next one or two meetings."Sources say police also searched the homes of seven Amazon (AMZN.O) managers in Italy and the KPMG office in Milan.Sources say tax police raided Amazons (AMZN.O) Italian headquarters as part of a new investigation into alleged tax fraud.

Mercedes-Benz Completes a 1,000-kilometer Electric Drive Thanks to its Energy-Efficient Architecture

Charlie Brooks

Apr 14, 2022 09:49

M2.png


CTO Markus Schaefer, speaking as the manufacturer celebrated the successful test drive of its EQXX prototype vehicle over more than 1,000 kilometers from Sindelfingen, Germany, to the Cote d'Azur, France, on a single charge, said efficient design was critical to maximizing the range of an electric car.


"We optimize efficiency first, and then we look at how many battery modules we put in the vehicle," Schaefer said at a media roundtable, adding that consumers should be able to choose the battery size that best suits their requirements.


Automobile manufacturers ranging from Mercedes-Benz to Tesla (NASDAQ:TSLA) and China's Nio (NYSE:NIO) are racing to develop longer-range vehicles that allay customer concerns about the absence of broad charging infrastructure for electric vehicles.


Mercedes debuted its Vision EQXX prototype in January, suggesting that some of the car's components will find their way into production cars in 2-3 years.


Mercedes-Benz claimed the car used 8.7 kilowatt hours of energy per 100 kilometers on the 11-and-a-half-hour trip to France, roughly double the efficiency of current Mercedes models and Tesla's longest-range vehicle, the Model S 60.


According to automobile comparison website carwow, Mercedes' EQS has the greatest range on the market at the moment, with 768 kilometers, followed by Tesla's Model S Long Range, which has a range of up to 652 kilometers.


"There will be a further rise for a period of time before a reduction occurs, which will occur until charging infrastructure is as widespread as gas stations," Schaefer said, declining to specify the range Mercedes aims for in future models.

Suggestion