Friday☕️

09 Jun 2023 — 3 min read

Trending:

Markets/Economies:

GM Joins Ford to use Tesla Charging:

General Motors (GM) announced it will switch to Tesla's charging network and technologies, a move that mirrors Ford's recent decision. The partnership allows GM vehicles to use Tesla's 12,000 chargers with a special adapter and GM's EV charging app starting in 2024.
The decision is seen as a significant win for Tesla and may encourage other automakers and the US government to adopt Tesla's technology. The collaboration aims to extend access to fast chargers and help establish a single North American charging standard.

Russia's Largest Bank to Offer Crypto Trading Services:

Russia's largest bank, Sberber bank, will start offering crypto trading services to its customers starting in June 2023. Initially planned for April, the launch was postponed.
Sberbank will also introduce transactions in digital finance assets (DFA), according to deputy chairman Anatoly Popov. The bank's customers will be able to buy and sell what the bank refers to as CFAs, backed by a hybrid of assets and securities.
Popov predicts that Sberbank could issue digital assets worth tens of billions of rubles in the near future. The bank believes these new services could attract investors interested in digital assets and bring more liquidity to the bank.

Eurozone Enters Recession:

The Eurozone has officially entered a recession, as indicated by two consecutive quarters of negative growth in GDP.
According to Eurostat, the EU's statistics agency, the Eurozone's GDP fell by 0.1% in the first quarter of 2023, following a similar drop in the last quarter of 2022. Notably, Germany, Europe's largest economy, also recently confirmed its recession.
Other member states experienced varying economic performance, with Poland, Luxembourg, and Portugal registering GDP increases, and Ireland, Lithuania, and the Netherlands seeing the highest declines. Despite the recession, employment in the Eurozone continued to rise, increasing by 0.6% in Q1 2023.

Statistic: