Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut
Economy

Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut

BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center.Nathalie Jamois | Lightrocket | Getty ImagesVinFast’s shares jumped after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such as Ford, GM, BMW and Volkswagen.On Tuesday, the Vietnamese… […]

UK economy grows 0.2% in August, in line with expectations
Economy

UK economy grows 0.2% in August, in line with expectations

Alexander Spatari | Moment | Getty Images LONDON — The U.K. economy returned to growth in August following two consecutive months of stagnation, providing a slight boost as the Labour government prepares to deliver its first budget later this month. The economy grew 0.2% on a month-on-month basis, flash figures published by the Office for […]

How Russia’s war economy and defense spending could actually make it weaker
Economy

How Russia’s war economy and defense spending could actually make it weaker

Russia’s President Vladimir Putin visits Uralvagonzavod, the country’s main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty Images Russia’s war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government’s finances, analysts say. The Russian government, under Prime Minister Mikhail Mishustin […]