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HomeNewsGlobal NewsGlobal Market Watch: Crude Surges, NATO's Ukraine Aid, and Tesla's Slide Shape...

Global Market Watch: Crude Surges, NATO’s Ukraine Aid, and Tesla’s Slide Shape World Street Sentiment

Global Market Watch: Crude levels reach highest since October 20; cocoa turns bitter; US-China ‘green’ showdown looms; global headlines include crude spikes and bitter cocoa.

Oil prices reach highest level since October 20; cocoa rises due to weather conditions; US treasury secretary Yellen’s stern message to China on green-tech dumping.

Crude Rally Countinue

Crude oil futures increased on April 4, recovering from previous declines amid Middle East tensions. West Texas Intermediate crude and Brent reached their highest settlement prices since October 20.

Cocoa Rally

Cocoa prices are expected to continue rising due to weather conditions and increased demand, with benchmark ICE cocoa futures in New York declining 1.6%, despite a 120 percent surge since the beginning of the year.

Vovo car sales rise

Volvo Cars of Sweden achieved its peak performance since November, achieving record-breaking sales of 78,970 cars in March and a 12 percent annual increase in first-quarter sales to 182,687 units.

BYD plans

BYD plans to introduce its first electric pickup truck this year, intensifying competition with global automakers like Ford and Tesla.

Ford Motor EV

Ford Motor has delayed the launch of its all-electric SUV and pickup truck, with production in Canada set to be delayed from 2025 to 2027, and the next-generation pickup to debut in 2026.

Janet Yellen warnings

US treasury secretary US treasury secretary Janet Yellen warns against China’s green-tech dumping, urging discussions with officials in Guangzhou and Beijing to prevent saturating global markets with cheap green technology. against China’s green-tech dumping, urging discussions with officials in Guangzhou and Beijing to prevent saturating global markets with cheap green technology.

Biden Massage for Israel

President Biden urged Israel to take immediate action to protect civilian lives in Gaza, warning that failure could lead to a re-evaluation of US support for Israel’s military campaign against Hamas. He condemned Israel’s strikes on humanitarian workers.

Pay for AI features?

Google is reportedly developing strategies to monetise AI-enhanced search features, potentially altering its revenue model due to substantial costs associated with such services, with major players adopting subscription models.

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Wall Street Update

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