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Tesla’s January Sales Plummet in South Korea Amid EV Market Slowdown

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Tesla, the renowned electric vehicle (EV) manufacturer, experienced a stark decline in sales in South Korea last month, with data indicating that only one Model Y SUV was sold. This represents a significant downturn in the EV trend, reflecting challenges related to safety concerns, costs, and the inadequacy of charging infrastructure. Data from Carisyou, a […]

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China Injects 141 Million Yuan to Improve Highway Traffic Amid Extreme Cold

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In response to the challenges posed by severe weather conditions including low temperatures, rain, snow, and freezing, Chinese authorities have earmarked 141 million yuan (approximately 2.2 million U.S. dollars) to revitalize highway traffic in disaster-affected provinces. The allocation, jointly provided by the Ministry of Finance and the Ministry of Transport of China, aims to address

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Monetary Policy Committee Maintains Interest Rates Amid Economic Uncertainties

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In its first meeting of 2024, the Monetary Policy Committee (MPC) has decided to keep the policy interest rate steady at 2.50% per year, signaling a cautious stance amidst economic uncertainties. The decision, with five members voting to maintain the rate and two advocating for a 0.25% reduction, underscores the committee’s commitment to balancing economic

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Malaysia Reports 0.1% Decline in Industrial Production for December

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The Malaysian government has announced a slight contraction in the country’s industrial production for the month of December, marking a decrease of 0.1% compared to the previous year. Contrary to expectations, all 12 economists surveyed had predicted an expansion of 0.7% in Malaysia’s industrial production for December. The unexpected downturn in industrial output signals challenges

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Thailand Leads ASEAN Market in Utilizing Export Rights under FTAs

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The Department of Foreign Trade has unveiled the utilization of benefits from Free Trade Agreement (FTA) agreements during the period of January to November 2023, with Thailand exercising its highest export rights under the ASEAN market. According to the Director-General of the Department of Foreign Trade at the Ministry of Commerce, the total export value

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Heavy Snowfall Disrupts Chinese New Year Travel Plans: Flights and Trains Cancelled

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As China ushers in the Lunar New Year celebrations, millions of people find themselves grappling with the repercussions of heavy snowfall, causing widespread disruptions to travel plans during the traditionally busy Chunyun period. The snowstorm, coupled with heavy rain, has left many individuals stranded, with flights and trains facing cancellations across the country. Chunyun, a

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Silver Set to Shine: Prices Expected to Surge to Highest in a Decade

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The Silver Institute, headquartered in Washington, D.C., has unveiled a bullish forecast for silver in 2024, suggesting that this year could mark a significant upturn for the precious metal. According to a recent report released by the institute, silver prices are anticipated to soar to their highest levels in a decade, buoyed by a resurgence

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