Author: Multibagger News

China’s Car Sales Drop 6.9% in June, Signaling Economic Woes – Expert Analysis As the world’s best investment manager and financial market journalist, I bring you the latest news on China’s car sales. In June, car sales in China fell by 6.9% compared to the previous year, marking the third consecutive month of declines. This downward trend comes despite government incentives aimed at boosting consumer demand in the midst of a struggling economic recovery. According to data from the China Passenger Car Association, passenger vehicle sales totaled 1.78 million units in June. The pace of decline accelerated from a 2.2%…

France’s Hung Parliament Sparks Taxing Negotiations for Government FormationBy Richard Lough France finds itself in a state of political limbo after a left-wing surge in the recent election prevented Marine Le Pen’s far-right party from taking power. The National Assembly now faces a scenario of taxing negotiations to form a government, with the New Popular Front (NFP) emerging as the dominant force but lacking a working majority. President Emmanuel Macron’s centrist alliance suffered a setback, leading to a fragmented parliament that could weaken France’s position in the European Union and hinder progress on domestic policies. The left won 182 seats,…

Zurich, Switzerland, July 8th, 2024, Chainwire Certo Protocol Expands Support for USDC in Decentralized Stablecoin Lending Certo protocol, the innovative decentralized stablecoin lending platform, has now added support for USDC deposits and borrows, in addition to its existing support for USDT.stUSD, an interest-earning stablecoin powered by Certo, utilizes a peer-to-peer lending protocol that works with tokenized real-world assets like U.S. Treasuries. Certo, as showcased on certo.finance, is a groundbreaking decentralized finance (DeFi) platform that brings real-world assets into the digital space. By enabling the use of tokenized U.S. Treasuries as collateral in lending stablecoins, Certo offers users the opportunity to…

By Harry Robertson and Dhara Ranasinghe French shares fell, the risk premium of French bonds over German rose and the euro dipped on Monday, after elections left France facing a hung parliament and the prospect of taxing negotiations to form a government. A surprise left-wing surge in Sunday’s election blocked Marine Le Pen’s quest to bring the far right to power in the National Assembly but no single group secured a working majority. France’s blue-chip index dropped 0.6% and the gap between Germany and France’s 10 year bond yields widened by two basis points to 70 bps. That spread reflects…

By Ron Bousso, Marwa Rashad and Emily Chow ADNOC has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors Shell, TotalEnergies, BP, and Mitsui, sources told Multibagger. The project is set to more than double UAE’s output of the sea-borne fuel and is expected to produce about 9.6 million metric tons per annum (mtpa) by late 2028. One source mentioned that ADNOC plans to assign another 5% stake to another partner, without providing details. ADNOC has also allocated 2 mtpa to shareholders, according to another source who spoke on condition of anonymity. The…

Boeing’s $243.6 Million Guilty Plea: What It Means for Investors and Stakeholders By Chris Prentice, Mike Spector, and David Shepardson Introduction: A Pivotal Moment for Boeing Boeing (NYSE: BA) has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to resolve a U.S. Justice Department investigation into the tragic crashes of two 737 MAX aircraft. This settlement, still pending judicial approval, marks a significant chapter in Boeing’s ongoing crisis. Conviction and Consequences The plea deal brands Boeing as a convicted felon in connection with the crashes in Indonesia and Ethiopia in 2018 and…

In a note released on Monday, economists at Goldman Sachs predict that Prime Minister Narendra Modi’s new government will prioritize welfare spending in its first budget, with a particular emphasis on boosting the rural economy and creating jobs. The budget proposal for the fiscal year ending March 2025 is set to be presented on July 23, according to the government’s announcement over the weekend. While the government is expected to maintain its fiscal deficit target of 5.1% of GDP as set in the interim budget, Goldman Sachs economists anticipate a broader statement outlining long-term economic policy goals. Santanu Sengupta, chief…

By Sabine Siebold Are you ready to dive into the world of NATO’s defense plans against Russia? As the best investment manager and financial market journalist, I’m here to break down the latest developments for you. According to a military source, NATO will need between 35 and 50 extra brigades to fully realize its new defense plans. This means a significant challenge as each brigade consists of between 3,000 and 7,000 troops. Germany alone will have to quadruple its air defense capacities, highlighting the scale of NATO’s challenge in revamping its posture to address the threat of a Russian attack.…

As the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I present to you the most optimized and informative content on Shardeum’s collaboration with a leading web3 bug bounty platform. Shardeum is offering a total of $700,000 USD in bounties ahead of their mainnet launch. This strategic partnership with Immunefi aims to detect critical issues and bugs within the Shardeum network, ensuring top-notch security before the mainnet goes live. Shardeum has conducted internal security audits, but this bug bounty allows individuals to participate in ethical hacking to find vulnerabilities. Participants will be rewarded for their efforts if they…

Oil Prices Hold Steady as Tropical Storm Beryl Threatens Gulf of Mexico Production Investing.com’s top financial market journalist reports on the latest movements in oil prices as traders monitor the impact of tropical storm Beryl on oil production in the Gulf of Mexico. With strong summer demand and concerns over supply disruptions driving recent gains, crude prices are on track for a fifth week of growth. As fears of slowing economic growth and softer demand from China linger, the market remains cautious. Despite these factors, both WTI and Brent contracts are trading near two-month highs, with WTI rising 0.2% to…