⚡️ Why Public EV Chargers Almost Never Work as Fast as Promised

Bloomberg reports that most public machines in the US average about half their maximum speed, a gap that risks hindering further adoption of electric cars.

⚡️At US public stations promising charging speeds of 100 kW or higher, the average delivered charge was only 52 kW in 2022, according to Stable Auto.

❓ That disconnect — largely a reflection of battery power’s idiosyncrasies — is leaving many US drivers guessing as to when, why and by how much their charge is being throttled.

⚡️There are many good reasons why even the slickest public chargers rarely run at maximum capacity. The chemical wizardry of battery power is more complex than pouring liquid in a tank, and both internal and external factors take a toll on charging speed.

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UZREPORT WORLD: UZBEKISTAN BECOMES HUB FOR GLOBAL DIALOGUE ON MULTIDIMENSIONAL POVERTY

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UZBEKISTAN BECOMES HUB FOR GLOBAL DIALOGUE ON MULTIDIMENSIONAL POVERTY

In recent years, Uzbekistan has taken bold steps to reduce poverty in the country. In 2023, poverty rate decreased from 14% to 11%. As a result, the country started to host international events to share experience, showcase the achievements and learn new…

🇺🇿The staff of the Economic Review Journal and Review.uz sincerely congratulates all compatriots on the Independence Day of the Republic of Uzbekistan!

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📁#Infographics: Uzbekistan's trade with CIS countries in January-July 2024📍In January-July this year, the CIS countries accounted for 35.3% of the foreign trade turnover of the Republic of Uzbekistan.✔️The foreign trade turnover of the Republic of Uzbekistan with the CIS countries in January-July this year increased by 15.8% and amounted to $13.0 billion◼️export – $4.9 bln (+8.9%)
◼️import – $8.1 bln (+20.4%)

✔️The largest shares of foreign trade turnover with the CIS countries were with Russia (52%), Kazakhstan (18%), Turkmenistan (6%) and Kyrgyzstan (3%).

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🇺🇿🇦🇿 Infographics: Trade and investment cooperation between Uzbekistan and Kazakhstan

1️⃣ At the invitation of the President Shavkat Mirziyoyev, President of Azerbaijan Ilham Aliyev will pay a state visit to our country on August 22-23 this year. The CERR analyzed Uzbekistan's trade and investment cooperation with Azerbaijan over 7 years.

📶 Over the period 2016-2023, the volume of trade increased 11 times from $21.5 mln (in 2016) to $236.2 mln (in 2023).
◾️exports increased 8.2 times to $133.4 mln
◾️imports — 19.8 times to $102.8 mln

🔄 Uzbekistan's trade with Azerbaijan is subject to a "free trade" regime.

📈 Uzbekistan has a positive trade balance with Azerbaijan.

📊 As of August 1, 2024, there are 239 enterprises operating in Uzbekistan with Azerbaijani capital participation. Compared to 2017 (71 enterprises), their number has increased 3.4 times.

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🔩 Too Much Steel in China Means Trouble for the World

Bloomberg reports that the prospect of peak steel demand in China has profound implications for the global industry.

*🇨🇳*China is king, producing more than 1 billion tons a year, well over half the world’s output. But now it’s wobbling.

*🏗Lower prices are of course a boon to businesses that use steel, but the impact on producers is proving severe, with profits under pressure and plants closing*.

📊China's steel woes have also spilled over into iron ore, the key ingredient for making the metal. It’s one of this year’s worst performing commodities, and tumbled almost 10% this week alone.

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🕓 Wall Street Moves to Fastest Settlement of Trades in a Century

Bloomberg* reports that trades will settle in one day for the first time in 100* years. SEC sees potential for ‘short-term uptick’ in failed deals.

📶 The switch to the system known as T+1 is ultimately intended to reduce risk in the financial system.

📊 Yet there are worries about potential teething issues, including that international investors may struggle to source dollars on time, global funds will move at different speeds to their assets, and everyone will have less time to fix errors.

📊 That was reduced to three in the wake of the 1987 Black Monday crash, and then to two days in 2017 to better reflect the modern market. The cut to a single day is different because of the size and scale of the market today, the complexity of investment across borders, and the fact the US is leaving many other jurisdictions behind.

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