As the global economy rises, developing economies face sluggish growth
Long-term growth prospects weaken for first time this century The latest World Bank report shows that developing economies, which contribute 60% to global growth, are facing the weakest long-term growth forecast since 2000. global economic outlook Report. Although the global economy is expected to stabilize, with growth expected to be 2.7% in 2025 and 2026, developing countries are still making slow progress in narrowing the income gap with advanced economies. Also read: World Bank warns it could take more than a century to end poverty in half the world In the next two years, developing economies are expected to maintain growth of around 4%. However, this pace is below pre-pandemic levels and insufficient to alleviate poverty or achieve broader development goals. Main findings The report provides a comprehensive review of the performance of developing economies in the first quarter of the 21st century. It highlights three important trends: 1. Decline in growth rate: Growth in these economies fell from 5.9%…
Mitsubishi Outlander hood shudder lawsuit suspended
The class action lawsuit alleges that the 2022 Mitsubishi Outlander hood bounces and vibrates while driving. December 29, 2024 — A Mitsubishi Outlander hood shudder lawsuit is on hold as a mediator intervenes in the class action lawsuit, which was consolidated from two Mitsubishi hood class actions. A joint class action lawsuit alleges that 2022 Mitsubishi Outlander hoods vibrate and bounce while driving, an issue the automaker allegedly cannot fully fix. According to the class-action lawsuit, Mitsubishi knew about the 2022 Outlander SUV's hood shudder problem before the vehicle was first sold. A recall is needed for 2022 Mitsubishi Outlander models with a shuddering hood, according to an SUV owner who filed a lawsuit. The plaintiffs claim Mitsubishi should have recalled the 2022 Outlander soon after it was first sold. Instead, the lawsuit claims, Mitsubishi Outlander hoods have not been recalled because the automaker has issued a technical service bulletin (TSB) to dealers. TSB 21-42A-011 addresses customer complaints of a…
The U.S. economy will continue to grow through 2025
According to recent forecasts, the U.S. economy is expected to continue growing through 2025, with an economic downturn unlikely. Insights from Yahoo Finance show that the U.S. economy has continued to expand since the outbreak began, and forecasters expect that trend to continue, but at a slower pace. The Philadelphia Federal Reserve Bank's November survey forecast GDP growth of 1.9% in the fourth quarter of 2025, supported by solid consumer spending and a resilient labor market. Also read: Resilient US economy keeps container imports strong in peak season The IndexBox platform expects key economic drivers such as consumer confidence and employment rates to remain strong, helping to sustain economic growth. Despite earlier concerns that inflation control measures could lead to a recession, the economy has shown resilience and inflation has fallen to near pre-pandemic levels thanks to the Federal Reserve's past interest rate hikes. While potential tariffs from President-elect Donald Trump pose risks to economic stability, forecasters including Goldman Sachs…
Mexican Aerospace and Low-altitude Economy Exhibition Guide 2025 (Time + Location + Ticket Purchase Method)
Mexican Aerospace and Low Altitude Economy Exhibition Exhibition scale: Exhibition area 100,000 square meters, number of visitors 110,000, 703 exhibitors Exhibition duration: 2025.04.23-04.26 Reception address: Exhibition Hall: Air Base No. 1 of Mexico Sponsor: Mexican Government, Mexican Ministry of Defense, Mexican Air Force Ticket information: Extension ticket 2025.04.23-04.26 2000.00 yuan Ticket booking guide: 1. Visit the corresponding exhibition page of Juzhan.com or the official website of the Mexican Aerospace and Low-altitude Economy Exhibition. 2. Click on the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including name, contact number, ID number, etc. 4. Submit the request after confirming that the information is correct. 5. After receiving the successful booking notification, keep the confirmation information in the text message, WeChat or email. Exhibition scope of the Mexican Aerospace and Low Altitude Economy Exhibition: aviation:All types of civil and military aircraft and helicopters; aeronautical equipment and systems, spare parts and…
Trump may lower fuel economy standards, cut support
A new document suggests the government will scrap or reallocate funding to support electric vehicles President Trump's transition team is reportedly considering several different ways to cut support for electric vehicles. Their plan calls for eliminating the $7,500 federal tax credit, clawing back funding for charging stations and lowering federal procurement requirements. The Trump administration may also lower fuel economy and emissions standards to 2019 levels. President Trump is set to return to the White House next month, and new details are starting to emerge about his plans to cut support for electric vehicles. This will be a multi-pronged attack as the incoming administration reportedly aims to eliminate the $7,500 federal tax credit as well as funding to improve charging infrastructure in the United States. Trump's transition team also recommended imposing tariffs on battery materials, according to a document seen by Reuters. The goal is to increase U.S. production, although the administration is expected to negotiate "individual exemptions" with allies.…
Honda’s 70 MPG fuel economy rating remains high
Honda is celebrating the 25th anniversary of the Insight, the first mass-produced hybrid in the United States Honda launched the Insight in December 1999 to celebrate 25 years of hybrid sales in the United States. This model will initially return 61 mpg city and 70 mpg highway. While the Insight never really caught on, 25% of Honda's sales now come from hybrids. Toyota is almost synonymous with hybrids, but Honda is celebrating a major milestone with the launch of their first hybrid in the United States 25 years ago. This is the futuristic Insight, which blends aerodynamics and electrification. While the original model was less practical, it was EPA rated at 61 mpg city and 70 mpg highway. Despite the passage of time, Honda notes that the first-generation Insight "remains the most fuel-efficient non-electric vehicle ever produced in the United States." More: Honda Prelude to return as hybrid sports car It's worth noting, however, that the EPA "regularly updates its…
The front of the new Honda Amaze economy car shows off its fancy LED lights
The new model will feature a sleeker exterior design, shedding some of its predecessor's awkward proportions December 3, 2024 05:05 Honda will launch the third generation Amaze on December 4. The small sedan previewed its exterior and interior design in an official trailer. It has sleeker styling and more technology than its predecessor. 12/3 Update: Honda has shared more teasers of the new Amaze, this time showing parts of the actual car rather than sketches. Honda shared a video teaser a day ahead of the new Amaze's debut, giving us a good idea of what's to come. The third-generation economy sedan is expected to be a heavily redesigned version of its predecessor, with more upscale styling and more refinement. Small sedans may be an endangered species in North America and Europe, but in India, they're still thriving. Soon after the debut of its rival Maruti Suzuki Dzire, the Honda Amaze is all set to return with sharper styling and more…
ECOMONDO | The Italian International Fair for Circular Economy and Environmental Protection ended successfully, with several figures reaching new heights and green innovation leading the future!
• The 27th International Exhibition of Circular Economy and Environmental Protection ECOMONDO of the Italian Exhibition Group concluded successfully at the Rimini Exhibition Center on November 8, 2024, with all figures showing a trend towards increase.• Compared to the previous edition, the number of international exhibitors continued to grow, with an increase of 4%: Germany, Spain, Romania, France, Croatia, Greece, Serbia, Egypt, Turkey and other overseas countries accounted for the largest number of participants. country.• An 18-person delegation led by the China Environmental Protection Industry Association, the Sichuan Environmental Protection Industry Association and 8 Chinese environmental protection enterprises visited the exhibition site and had discussions and business exchanges with international environmental protection associations and enterprises.Sustainable development is one of the most pressing tasks for countries and businesses around the world and forms the core of future strategies. This conclusion was confirmed during the International Exhibition of Circular Economy and Environmental Protection ECOMONDO 2024, organized by the Italian Exhibition Group. The…
Economic News: U.S. inflation rises slightly in October
CHICAGO - The U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) report showed that year-over-year inflation rose to 2.6% in October, compared with 2.4% in September. Previously, the Federal Reserve sharply cut interest rates by 0.5 percentage points in September and cut interest rates again by 0.25 percentage points in early November. For 41% of Americans who say the number one economic issue in the recent presidential election is inflation, this CPI report confirms that the Fed's task of reducing inflation to 2% is not yet complete. Here's a breakdown of the different indexes, along with their gains and losses in October (seasonally adjusted last month's change). related. Macroeconomic factors that may affect trade shows Energy Index: 0.0% Energy commodities: -1.0% Gasoline (all types): -0.9% Fuel: -4.6% Energy services: 1.0% Electricity: 1.2% Utility (pipeline) gas services: 0.3% Food index: 0.2% Food at home: 0.1% Eating out: 0.2% All items minus food and energy: 0.3% Goods: 0.0% New cars: 0.0%…
Are electric cars good or bad for the economy?
Is the shift to more electric vehicles (EVs) a good thing or a bad thing for the overall economy? —Richard T., Boise, Idaho According to S&P Global Mobility Forecasts, electric vehicle sales have grown significantly over the past two decades, with around 50% of vehicles on the road expected to be electric by 2040. Individuals who can afford the initial cost of an electric vehicle can significantly reduce their carbon footprint while saving an average of $2,200 per year in fuel and maintenance costs. However, at the national level, experts have debated whether the increased electricity revenue, job creation and reduced oil dependence associated with electric vehicles outweigh the costs of installing charging stations and upgrading the grid. Charging could boost local business revenue The U.S. power grid uses only 50% of its electricity capacity to accommodate large swings during peak demand. Currently, 90% of electric vehicle charging occurs at homes and businesses during off-peak hours, so the amount of…
New Honda Amaze and Suzuki Dzire economy sedan rivals teased
The new model is expected to adopt a more fashionable exterior design, getting rid of some of the awkward proportions of the previous model November 4, 2024 15:16 Honda and Maruti Suzuki are all set to launch a new generation of small sedans. Honda Amaze and Suzuki Dzire were simultaneously teased ahead of their debut. Both models will feature sleeker styling and more technology than their predecessors. Small sedans may be an endangered species in North America and Europe, but in India, they're still thriving. Two stalwarts of the segment - Maruti Suzuki Dzire and Honda Amaze - are gearing up for the debut of their next-generation models, both with more premium styling and more refined design to woo the modern buyer. Both Honda and Maruti Suzuki have already started their teaser campaigns, each launching enough new models to keep the anticipation high. Starting with the Honda Amaze, the third generation sedan looks more aggressive compared to the outgoing model.…
U.S. inflation nears Fed’s 2% target
CHICAGO - The Consumer Price Index (CPI) for September 2024 showed inflation at 2.4% for the month, slowing to close to the Federal Reserve's 2% target. This is the lowest level since February 2021, according to the U.S. Bureau of Labor Statistics. Although the CPI report showed inflation cooling, the slowdown was less than expected. After seasonal adjustment, urban residents' CPI increased by 0.2%, of which the food index increased by 0.4% and the housing index increased by 0.2%. These two indices accounted for more than 75% of the monthly increase in all items. This was higher than the 0.01% forecast. "Unfortunately, the preferred trend indicator has risen to 1.98% in September after increasing 1.87% in August, so it's moving in the wrong direction compared to the monthly and year-over-year indicators," said Dr. Peter Rupert, University of California, Santa Clara. Professor of Economics at the University of Barbara. "However, it should be noted that our measure is slightly below the…
E-commerce and the rise of the logistics sharing economy
As a result, e-commerce has had a huge impact on the logistics industry and has become a dominant force in business and consumer affairs. Due to the growing rate of online shopping, the market demand for fast, efficient and cheap delivery services has become crucial. Also read: Transforming Global Logistics: Leading the Future with Technology, E-Commerce and Strategic Outsourcing As a result, the principles of the sharing economy are becoming prevalent in the logistics sector, which means leveraging partnerships and multiple technologies, combined with effective management systems, to achieve the most efficient and cost-effective deliveries. This new approach is revolutionizing traditional logistics practices and opens up the prospect of transforming supply chains into more sustainable and flexible models through sharing fleets, storage units and labor resources. Forklift RevolutionFor example, it highlights how this shift is changing the material handling industry. This information contains an in-depth overview of the rise of e-commerce and the sharing economy in logistics. Let’s get started:…
Toyota Prius breaks world fuel economy record with 93.2 MPG
Wayne Gerdes traveled more than 1,000 miles on a tank of gas during his trip from Los Angeles to New York. go through Brad Anderson 48 seconds ago The Prius climbed to 7,000 feet and endured temperatures as high as 105 degrees Fahrenheit. Toyota cites an EPA-estimated combined fuel consumption of 57 MPG for the hybrid. Wayne Gerdes offers some practical tips for improving fuel efficiency in everyday driving. The new Toyota Prius LE breaks the Guinness World Record for the lowest fuel consumption from coast to coast in the United States, averaging an astonishing 93.158 MPG (2.5 L/100 km). Who needs an electric car with a battery pack when you can have a hybrid this efficient? Wayne Geddes's journey covered 3,211.7 miles (5,168.7 km) from Los Angeles City Hall to New York City Hall. To cross the United States, he drove to altitudes of 7,000 feet (2,100 meters) and through areas such as the Mojave Desert, where temperatures soared…
Compare engines, speed and fuel economy
The Tata Curvv has taken a leading position in the automotive market by promising to deliver great performance and stylish looks. Among its segment competitors, the Tata Curvv has caught the attention of many. In this blog, we will compare the different versions of the Tata Curvv. We delve into the major aspects like the different powertrain options available and go on to compare their power, torque, and price differences. Commonalities between variants Length (mm) 4308 Width (mm) 1810 Height (mm) 1630 Wheelbase (mm) 2560 Front suspension Independentlower wishbone, MacPherson strut with coil spring Rear Suspension Semi-detachedopen torsion beam with stabilizer bar, coil springs and shock absorbers Emission standards BSVI Phase II Fuel capacity 44 L Engine Specifications All models are available with three engine types: engine 1.5L Cryoblast 1.2L Revotron Hyperion gasoline direct injection Engine capacity 1497 cubic centimeters 1197 cubic centimeters 1197 cubic centimeters fuel diesel engine gasoline gasoline Power (kW) 86.7 kW @ 4000 rpm 88.2 kW…
2025 MG ZS Hybrid+ combines economy and efficiency
MG's latest crossover starts at £21,995 and returns 55.4mpg combined MG has launched the new ZS Hybrid+. This model uses a hybrid powertrain that produces 193 horsepower and enables the crossover to achieve a combined fuel economy of 55.4 mpg. The model starts at £21,995 and comes with a 7-inch digital instrument cluster and a 12.3-inch infotainment system. MG has unveiled the new ZS Hybrid+, an eco-friendly B-SUV designed to build on the success of the existing ZS, the brand's second best-selling car in the UK. While beauty is in the eye of the beholder, the crossover has a very expressive front end, with an oval grille flanked by vertical air curtains. They're connected to LED lighting and rain-sensing wipers. MORE: Frugal new MG HS targets RAV4 and CR-V crowd Looking further back, we can see the plastic body cladding and the upward-stretching shoulder line. Designers also gave the model a wider greenhouse and 17-inch alloy wheels. The exterior styling…
New Economy Cars vs. Used Luxury Cars: Making the Right Choice
This really brings all the factors together into the car buying decision of choosing between a new economy car and a used luxury car at the same price. Obviously, there are pros and cons to each option, and the better choice really comes down to personal taste, lifestyle, and priorities. Let's take a closer look at the pros and cons of each option so that you can make a smart, informed choice. New Economy Cars advantage Latest features and technologies: New economy cars come with the latest safety features, infotainment systems, and fuel efficiency technology. This actually means that you will benefit from existing comfort features and technology that may not be available in older luxury cars. Warranty and Reliability: New cars come with a manufacturer's warranty, which provides peace of mind if the vehicle requires any repairs or maintenance within a certain period of time. New cars have fewer mechanical issues than used cars, which increases reliability. New economy…
Citroen Basalt – Economy SUV in India | Features, Interior and
We can finally show you Citroen India's latest offering, the Basalt SUV. This coupe SUV is unlike anything currently available in the market, and in this video we'll show you the various design elements of the car. In addition to that, we'll also take a closer look at the interior design and features. [embed]https://www.youtube.com/watch?v=2vvhLk5P38Y[/embed] We can finally show you Citroen's latest offering in India, the Basalt SUV. This coupe SUV is unlike anything currently available in the market, and in this video, we'll show you the various design elements of the car. In addition to that, we also take a closer look at the interior design and the features available. Citroen offers two engine and three transmission options for the Basalt, all of which we'll discuss here.
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