Introduction:
In this episode, we explore three compelling stories shaping the global landscape. First, we analyze how Chinese electric vehicle leader BYD, despite surpassing Tesla in sales, experienced a sharp 30% profit decline and an 8% stock drop due to fierce price competition in China’s automotive market. Next, we uncover the dramatic collapse of luxury jeweler Vashi following a £157 million diamond fraud, with the founder allegedly orchestrating a scheme that left investors defrauded and authorities hesitant to act. Finally, we delve into President Donald Trump’s cautious stance on imposing new sanctions against Russia, driven by ambitions of peace diplomacy and concerns over pushing Russia closer to China, raising both hopes and frustrations on the international stage.
Content and Timestamp:
00:00:24 BYD's Profits Hit by China's Escalating EV Price War
00:04:34 Jewellery Boss Orchestrates £170m Diamond Scam, Flees UK
00:08:16 Trump's Russia Dilemma: Peace Broker or Strategic Blunder?
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