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How will the biofuel alliance done at G20 impact o...

Rocky Mountain Institute (RMI) released on Thursday, it foresees a reduction in battery costs by half during this decade, declining from $151 per kilowatt hour (kWh) in 2022 to a range of $60 to $90 per kWh. This cost decrease is expected to make electric vehicles cost-competitive with petrol cars in all markets by 2030, not only in terms of purchase price but also in running costs. Reportedly, batteries constitute a significant expense, making up approximately 40% of the total cost of an electric vehicle (EV).

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank's rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week. The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S.

Some analysts who favor one or two indicators to forecast US recessions have had a rough year. The reliance on a generally robust predictor may yet prove its worth in the months ahead. But so far the months-long calls by some pundits that recession is near have been wrong, or at least premature.

BERLIN (Reuters) -Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday. .

VeChain (VET) is enjoying a bullish resurgence following the news that leading CEX Coinbase will be adding support for VeChain and VeThor (VTHO).

A low-pressure area that has formed this morning lies over northwest and adjoining west central Bay of Bengal. As it is likely to become more marked over the next 24 hours and move across Odisha and Chhattisgarh over the next three days, central India is expected to receive very heavy rainfall.

New Delhi: The India Meteorological Department (IMD) has forecast a low-pressure system developing over the northwest and west-central Bay of Bengal in the next 24 hours. The system is expected to intensify and move west-northwest across the coasts of south Odisha and North Andhra Pradesh, generating widespread rain in northwest India through Saturday. A trough extending from southwest Uttar Pradesh to the Bay of Bengal is likely to cause thunderstorms and isolated heavy rainfall over southern Uttar Pradesh today, and in Uttarakhand from Wednesday to Saturday.

Arbitrum (ARB) has emerged as a leading contender within the Ethereum network's layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of ARB tokens experienced a sharp decline of 14.5%, marking its lowest point in history.

LONDON (Reuters) -Shares in London-listed drugmaker AstraZeneca (NASDAQ:AZN) fell more than 4% on Monday, sliding to their lowest since July 19.

The selling of the last few days hasn't abated, and we have a situation where the Russell 2000 (IWM) is now looking at a test of its 200-day MA.

G20 summit, with Justin Trudeau remaining adamant on the concept of «Freedom of Expression» for communities in his country and «foreign interference». Modi minced no words when he told Trudeau that relations were anchored in shared democratic values, respect for rule of law and strong people-to-people ties, officials informed. Modi conveyed India's strong concerns about continuing anti-India activities by extremist elements in Canada. They are promoting secessionism and inciting violence against Indian diplomats, damaging diplomatic premises and threatening the Indian community in Canada and their places of worship, officials said, adding that the nexus of such forces with organised crime, drug syndicates and human trafficking should be a concern for Canada as well.

Alliance (ISA). India has been making efforts to boost the domestic green hydrogen economy and also is looking at becoming an export hub for green hydrogen.

air pollution, even at relatively low levels, is associated with women giving birth to smaller babies, according to a study. The research, to be presented at the European Respiratory Society International Congress in Milan, Italy from September 9-13, also shows that women living in greener areas give birth to bigger babies and this may help counteract the effects of pollution. There is a strong relationship between birthweight and lung health, with low birthweight children facing a higher risk of asthma and higher rates of chronic obstructive pulmonary diseases (COPD) as they grow older, the researchers said. There is a need to reduce air pollution and make towns and cities greener to help protect babies and their developing lungs from potential harm, they said. The study was based on data from the Respiratory Health in Northern Europe (RHINE) study and presented by Robin Mzati Sinsamala, a researcher at the University of Bergen (UiB), Norway. It included 4,286 children and their mothers living in five European countries — Denmark, Norway, Sweden, Iceland and Estonia. The researchers gauged the greenness of the areas where the women were living during pregnancy by measuring the density of vegetation on satellite images.

rupee closed at a record low Thursday as rising crude oil prices sparked concerns about India's inflation and current account deficit, while higher US bond yields kept the dollar firm, weakening global appetite for emerging market currencies. The domestic currency settled at 83.21 per US dollar, an all-time closing low. The previous record closing low was 83.15/$1 on August 17. The rupee, which had closed at 83.14/$1 on Wednesday, has weakened 0.6% versus the US dollar so far in 2023.

Bloomberg. The delay in deliveries is most likely to create an issue for Indian aviation firms like Air India and Akasa Air which are waiting for plane deliveries. Chief Financial Officer Brian West said at an investor conference on Thursday that narrowbody handovers will be near the bottom of Boeing’s goal of shipping 400 to 450 of the popular 737 jets this year.

By Natalia Siniawski

Indian rupee ended at a record closing low on Thursday, despite the central bank's likely intervention, as elevated U.S. treasury yields and weakness in other Asian currencies weighed on the local unit. The rupee ended at 83.21 against the U.S.

yen to a 10-month trough on Thursday and kept the euro and sterling pinned near three-month lows, as investors placed their faith in a still-resilient U.S. economy even amid a dour global growth outlook. The greenback scaled a fresh top of 147.865 yen in early Asia trade, its highest since last November. Against a basket of currencies, the dollar was last 0.05% higher at 104.91, holding on to some of its gains from the previous session after scaling a six-month peak on news that the U.S.

Gold lingered near a one-week low on Thursday following five consecutive sessions of declines, while the dollar sat atop mid-March highs after data showed the U.S. services sector unexpectedly gained steam in August.FUNDAMENTALS * Spot gold was up 0.1% to $1,917.99 per ounce by 0120 GMT, its lowest level since Aug.