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Northvolt owner: The situation is serious

The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg.

Northvolt owner: The situation is serious

Luxury companies are booming after China's stimulus measures

This week, China's central bank announced a range of stimuli to boost the country's economy. This has caused luxury companies to surge on the stock exchange.

Luxury companies are booming after China's stimulus measures

Top Leadership in China Admits to Problems

One of China's highest governing bodies – the Communist Party's politburo – admits that the country is facing economic "problems". .

Top Leadership in China Admits to Problems

Unexpectedly Gloomy in Germany - Forecast Slashed

The German business climate deteriorates for the fourth month in a row and the decline is greater than feared, according to a monthly index from the analysis institute Ifo. At the same time, leading economic institutes in Germany are lowering their growth forecast for 2024 and 2025.

Unexpectedly Gloomy in Germany - Forecast Slashed

China Launches Massive Stimulus Package

China's central bank has launched a battery of stimulus measures during the night to Tuesday. The measures aim to get the Chinese economy going, so that the target of 5 percent growth can be achieved.

China Launches Massive Stimulus Package

Unexpected increase in German producer prices

Producer prices in Germany, the EU's largest economy, rose by 0. 2 percent in August compared to the previous month, according to the country's statistical agency Destatis.

Unexpected increase in German producer prices

Chinese interest rates remain unchanged

Chinese banks are leaving their one- and five-year interest rates unchanged in September at 3. 35 and 3.

Chinese interest rates remain unchanged

Northvolt's lenders hire consultant

Lenders to the crisis-stricken battery manufacturer Northvolt have now hired the investment bank PTJ Partners. The investment bank will provide advice on various scenarios that may arise due to the worsening liquidity problems at Northvolt, according to information to the news agency Bloomberg.

Northvolt's lenders hire consultant

VW to close car factory in China by 2025

The German vehicle manufacturer Volkswagen (VW), Europe's largest car manufacturer, plans to close a factory in Nanjing, China, which it operates together with the Chinese company SAIC Motor. Production may stop as early as 2025, reports the news agency Bloomberg, citing sources.

VW to close car factory in China by 2025

Unexpectedly large boost for USA's industry

Industrial production in the USA increased by 0. 8 percent in August compared to July, according to statistics from the USA's central bank Federal Reserve (Fed).

Unexpectedly large boost for USA's industry

Inflation in Canada at its lowest since 2021

Inflation in Canada fell to 2. 0 percent in August, according to the country's statistics agency.

Inflation in Canada at its lowest since 2021

Northvolt receives support from Volkswagen

Crisis-stricken Northvolt is supported by one of its major shareholders, German Volkswagen. To the news agency Bloomberg, a spokesperson states that the company is now backing Northvolt's production plans.

Northvolt receives support from Volkswagen

Gasoline price continues to fall – lowest in three years

The oil price continues to fall to levels not seen since 2021. For both central banks and consumers, it is welcome news.

Gasoline price continues to fall – lowest in three years

New tariffs on electric cars from China may be reduced

The EU is expected to adjust downwards in the near future the customs duties that are to be imposed on electric cars manufactured in China from November, reports the news agency Bloomberg, citing anonymous sources. .

New tariffs on electric cars from China may be reduced

ECB expected to initiate wave of interest rate cuts

The European Central Bank (ECB) is expected to lower its key interest rate by 0. 25 percentage points on Thursday.

ECB expected to initiate wave of interest rate cuts

OPEC and Russia may postpone oil production increase

Government representatives in the Opec-plus alliance – which includes Saudi Arabia, Russia, and other major oil-producing countries – have initiated a discussion about postponing a planned increase in oil production, reports news agency Bloomberg, citing anonymous participants in the discussions. Currently, there is a plan for increased production in October, but it is now being questioned as crude oil prices have fallen sharply on the global market.

OPEC and Russia may postpone oil production increase

The Service Sector Loses Momentum

The Purchasing Managers' Index for the private service sector in August fell unexpectedly to 52. 9, from 53.

The Service Sector Loses Momentum

Turkey Applies for Membership in Brics

Turkey has applied for membership in the Brics alliance, according to sources for the news agency Bloomberg. The information has not yet been confirmed by the Turkish government or by any other member country.

Turkey Applies for Membership in Brics

The Swedish economy is stalling - "no clear turnaround yet"

Swedish economy is losing ground and during the second quarter, Sweden's gross national product (GNP) decreased by 0,3 percent, show new figures from SCB. We see no clear turnaround yet, says Alexandra Stråberg, chief economist at Länsförsäkringar.

The Swedish economy is stalling - "no clear turnaround yet"

Saab confirms – Thailand wants Gripen

Thailand's air force announces that it has decided to buy Saab's Gripen planes. Extremely positive for Saab, says the company's press chief, who confirms the information.

Saab confirms – Thailand wants Gripen

More Unemployed in the USA

During the past week, which ended on August 17, 232,000 people registered as unemployed in the USA, according to the American labor market authority. It was a marginal increase from the previous week when 228,000 people were registered as unemployed.

More Unemployed in the USA

Slide on Wall Street after inflation announcement

Wednesday's trade on Wall Street developed in a horizontal – but occasionally volatile – direction. Best went it for snack giant Kellanova.

Slide on Wall Street after inflation announcement

Lowest US inflation since 2021

The underlying inflation in the USA fell for the fourth month in a row in July, to the lowest level since 2021. This is a step in the right direction for the Fed to lower the interest rate, says Maria Landeborn, senior strategist at Danske Bank.

Lowest US inflation since 2021

Nervous on the market: It could get messy

The market is on high alert ahead of the American inflation figure for July this afternoon. It could get messy if there are surprises, according to SEB's chief strategist Olle Holmgren.

Nervous on the market: It could get messy