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CATL plans $1.9bn battery plant in China’s Luoyang City

  Bloomberg Contemporary Amperex Technology Co. Ltd., the world’s biggest battery maker for electric cars with almost 35% of the market, plans to build a 14 billion yuan ($1.9 billion) manufacturing base in the city of Luoyang in the central Chinese province of Henan. Construction of the project in Henan will take up to three years, CATL said in a ...

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Trussonomics may be a gift for Labour, Keir Starmer

Who is the real “change candidate” after 12 years of Conservative government in the UK: Keir Starmer, the leader of the opposition Labour party? Or Liz Truss, the fourth successive Tory prime minister? That is the question Starmer must answer at his annual party conference in Liverpool this weekend. The result of the next general election in two years’ time ...

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BOE right to snub calls for emergency action

The Bank of England’s next scheduled monetary policy gathering on Nov. 3 is a long, long way away. With the pound dropping to a record low against the dollar this week and UK borrowing costs surging, market soothsayers have called for an inter-meeting intervention. But Governor Andrew Bailey has resisted that temptation — and he’s right not to fall into ...

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