Tesla share price has fallen by approximately 13% this week (as of 06/07/17) reducing the company’s market value by nearly $8 billion. Increased competition in the electric car market, safety test results and lower deliveries played a part. Tesla lost its status as most valuable US car maker. My guess …

US non-farm payroll data shows the US created more jobs in June than analysts expected – according to the Bureau of Labor Statistics. 222,000 jobs were created in June. The DOW futures pushed up 50 pts on this news. April & May’s figures were also revised upwards. Let’s see what …

Tesla is planning to build a giant lithium ion battery linked to a wind farm in Australia. This will be the world’s largest battery system ever installed. ‘It will be a 100-megawatt battery’, Elon Musk CEO of Tesla confirmed – ‘the next biggest battery in the world is 30 megawatts’. …

Weak UK economic data reported The Office for National Statistics (ONS) has been busy with their data releases this morning. Three sets of data reported… (1) The UK’s trade deficit widens in May. The deficit for goods and services increased by £1 billion to £3.1 billion according to the ONS. …

EU and Japan Trade Agreement The European Union and Japan agree a free trade deal. Presumably this agreement will strengthen the EU leadership and leave the UK on the outside of the benefits. European council president Donald Tusk and European commission president Jean-Claude Junker must be delighted. All leaders hail …

End of Petrol and diesel in France? I noticed a very interesting report recently that really grabbed my attention. The end of petrol & diesel engines The ecology minister for France, Nicolas Hulot, has a vision that by 2040 you will not be able to buy a diesel or petrol …

Cash is king! Cash is king and is still a popular payment system world-wide and resilient against the ever increasing rise of cashless payment systems. De La Rue, the biggest and oldest commercial producer of banknotes in the world, suggest that some 37% of the world’s population don’t have a …

Electric car deal Continuing with the same theme as my other electric car reports. I notice today that Germany’s Daimler and China’s BAIC Motors have done a ‘research and production’ deal to develop electric cars and batteries. It is estimated that in China by 2020 there will be some 5 …

Oil prices fall again The downward pressure on oil continues with Brent crude at around $48.00 a barrel. It followed reports of export data showing a rise in OPEC shipments. Prices in 2016 fell to a low of approximately $28.00 a barrel.

UK productivity falls The productivity of UK workers has fallen back to pre-financial crisis levels of 2007 a report by the Office for National Statistics (ONS) shows. Productivity has still not recovered to levels before the financial crisis. Stagnation Austerity measures, public sector pay, government spending all become much more …