A loose purse for future tech

A loose purse for future tech

EU looks to Tesla, BMW and others to charge $3.5 billion battery project.

  • The European Union has approved a plan that includes giving state aid to #Tesla, #BMW and others to support the production of electric vehicle batteries, helping the bloc against industry leader China.
  • Actively managed cryptocurrency hedge-funds underperformed #Bitcoin during the largest digital asset’s bull run last year.
  • Global #stocks rose, helped by strong corporate earnings in the United States and Europe, while sentiment was boosted by the International Monetary Fund raising its forecast for global growth.

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