Albemarle Corp. is aiming to spend between $1.25 billion and $1.5 billion to double its lithium hydroxide output in Australia to a volume that it estimates could power more than two million electric cars a year.
Australian retail sales rose for a third straight month in March, driven primarily by food inflation, as household spending begins to cool under the weight of the Reserve Bank’s aggressive interest-rate increases.
China will avoid a massive stimulus injection to boost its post-pandemic economy like the one delivered after the 2008-09 global financial crisis as it has learned its lesson, said Ric Deverell at Macquarie Group Ltd.
Turkey’s inflation probably slowed below 50% for the first time in more than a year and may plateau at that level, with risks for price stability rising as the country goes to the polls this month.
Pakistan’s rival political forces have agreed to hold provincial and national elections on the same day, a move that signals a slight concession from Imran Khan, who has been pushing for snap polls.
The former chief executive officer of Silicon Valley Bank and the former leaders of Signature Bank are to be among the witnesses at Senate Banking Committee hearings on US bank failures.
The Biden administration announced plans to deploy 1,500 members of the US military to the southern border ahead of an expected surge of undocumented migrants once pandemic-era restrictions are lifted later this month.
Elon Musk, escalating his battle with media companies, suggested he may strip NPR of its Twitter handle because it had stopped tweeting.
Tesla Inc. has resumed taking orders for its Model 3 Long Range edition with a starting price of $47,240, according to its website.
The Milken Institute Global Conference is wrapping up its second day in Beverly Hills, bringing together an eclectic mix of attendees, from dealmakers to celebrities.
