Electric cars may be cheaper by 2025 as battery costs, mass manufacturing seen driving price drop
Businessam Staff
March 22, 2018
Electric cars may be cheaper than their petroleum counterparts by 2025 if the cost of lithium-ion batteries continues to fall, according to a report by Bloomberg New Energy Finance Some models will cost the same as combustion engines as soon as 2024 and become cheaper the following year, the report says. For that to happen, battery pack […]
Chinese think tank calls for tax levy, other measures to stop robots taking over the workplace
Businessam StaffMarch 10, 2018
For years, we have been warned that the day will come when machines will be able to do our jobs better than we can. Now a leading Chinese economist is offering a time frame. Cai Fang, vice-president of the Chinese Academy of Social Sciences, the country’s top think tank, and former head of its Population […]
Eurozone economy hits ‘speed bump’ amid uncertainty
Businessam StaffMarch 5, 2018
The outlook for the 19-country eurozone appeared murkier Monday with the rise of populist parties in Italy and mounting fears of a global trade war after U.S. President Donald Trump backed tariffs on aluminum and steel and warned that more could come, even on European cars. This shift comes after the eurozone has been one […]
No need to fear Artificial Intelligence even if bots take most jobs- Tencent co-founder
Businessam StaffMarch 3, 2018
Chen Yidan, Tencent co-founder. Yes, the machines are coming and they will replace humans in most jobs, but that still not causes for fear, according to Chen Yidan, Tencent co-founder. The World Bank estimates that three out of four jobs in China can be replaced by automation by 2030. The developed economies are not spared […]
7.8 billion people will travel by air in 2036- IATA
Businessam StaffFebruary 6, 2018
With cheaper fares making air travel more affordable to the masses, the International Air Transport Association expects 7.8 billion passengers to travel in 2036, almost doubling from an estimated 4 billion last year. Asia-Pacific will be the biggest driver of demand, accounting for more than half of the new passengers in the next two decades. […]
One in six new cars by 2025 will be electric as consumer interest rises
Businessam StaffNovember 28, 2017
Almost every sixth car sold in the world will be electric by 2025, according to a UBS global autos survey released Tuesday. And if things go the way they have in 2017, those cars are more likely to be emblazoned with a Tesla Inc. logo than BMW AG’s. By the middle of the next decade, global sales of electric vehicles should […]
South Africa’s business confidence at lowest in over 30 years
Businessam StaffSeptember 6, 2017
South Africa’s business confidence index fell to its lowest in more than three decades in August as merchandise import and export volumes fell, a survey showed Wednesday. According to Reuters, the business group said South Africa’s economic performance was sub-optimal despite an positive global outlook, and improved business confidence was needed to revitalise domestic growth. […]
Reuters poll suggests world’s slowdown just about to begin
Businessam StaffJuly 21, 2017
For all the talk of world economies rising in sync, there does not seem to be an abundance of optimism about how long it will last. Tucked away in Reuters latest quarterly economic poll series is a projection that growth rates in nearly all of the world’s largest economies will fall over the next two […]