cross-posted from: https://lemmy.ca/post/46026600

S&P Global Mobility (via Automotive News) reports that Tesla EV registrations (a proxy for sales) for April dropped 16% to 39,913 registrations. Meanwhile, General Motors' (GM) Chevrolet saw a 215% jump in EV registrations to finish in the second spot, with Ford (F) slipping to third place as sales fell 33%.

S&P Global Mobility (via Automotive News) reports that Tesla EV registrations (a proxy for sales) for April dropped 16% to 39,913 registrations. Meanwhile, General Motors' (GM) Chevrolet saw a 215% jump in EV registrations to finish in the second spot, with Ford (F) slipping to third place as sales fell 33%.

cross-posted from: https://lemmy.ca/post/45956989

The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world's biggest economy.

With the dollar down almost 10% against a basket of major currencies this year

The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world's biggest economy.

With the dollar down almost 10% against a basket of major currencies this year

The National Unity Government (NUG) has begun constructing two bomb-proof underground hospitals in its controlled areas, with plans to build up to eight, according to U Nay Phone Latt, spokesperson for the NUG Prime Minister’s Office.

A Chinese-backed militia is protecting new rare earth mines in eastern Myanmar, according to four people familiar with the matter, as Beijing moves to secure control of the minerals it is wielding as a bargaining chip in its trade war with Washington.

China has a near-monopoly over the processing of heavy rare earths into magnets that power critical goods like wind turbines, medical devices and electric vehicles.

But Beijing is heavily reliant on Myanmar for the rare earth metals and oxides needed to produce them: the war-torn country was the source of nearly half those imports in the first four months of this year, Chinese customs data show.