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BBCNEWS World July 5, 2024 - Vimarsana News

BBCNEWS World July 5, 2024

— lower but to put that into context it was at zero in europe this time last year. and in the world's largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown — chief global economist at capital economics. good morning to you, jennifer. so it's a lovely location, portugal, you got chr...

BBCNEWS World Business Report June 4, 2024 04:37:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:37:00

Started in 2019 and was heralded by then us president donald trump as a company that was bringing back manufacturing. since then, it has struggled to make electric trucks, selling only a handful. lordstown motors also blames part of their failures on the taiwanese company which lordstown motors says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million said it was hoping to negotiate a solution to lordstown motors' financial woes. now, lordstown is not the only electric truck maker which has been suffering. ruvi...