JP Morgan Chase, Citigroup and Wells Fargo collectively earned $49 bn in Q2 net interest income. Banks are not passing on the benefits of higher interest rates to the depositors
In 2022, EU countries spent € 46bn on funding towards price caps, energy savings and finding alternative fuels to the gas lost by Russia cutting supplies – Acer, the EU energy watchdog said
Spot prices rising due to intermittency of renewable power. Wind is not always blowing, and the sun is not always shining.
Due to rising interest rates in the developed countries, demand for Chinese goods is falling, and there is a risk of deflation in the Chinese economy
China would be restricting exports of Gallium and Germanium which are used in solar panels, as well as optical fibres from August 1
Startup Bubble: As many as 1000 unicorns are stuck without a clear path to liquidity. Except AI startups, that are seeing funding and acquisition, other tech startups are struggling. Especially in capital intensive sectors, startups are finding it very difficult.
