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The main events by the morning: October 31


October, 31 2024
watermark Economic news

  • Chinese electric car manufacturer BYD surpassed Tesla in revenue for the first time, earning $28.2 billion in the last quarter. Despite this, Tesla remains the leader in capitalization among all electric car manufacturers, although Chinese companies, including BYD, are actively increasing their market share.


  • At the UN, 187 countries supported the lifting of sanctions against Cuba, Venezuelan President Nicolas Maduro said. According to him, «Cuba has earned the right to choose its own path of development in peace and freedom.» The United States, which initiated these sanctions, and Israel voted against the lifting of sanctions.


  • Thailand is committed to full membership in the BRICS and will join at the earliest opportunity. This was announced by the head of the country's Foreign Ministry, noting that the BRICS efforts to strengthen multilateral ties and economic opportunities fully coincide with the goals of Bangkok. In addition, Thailand expects to receive up to 2 million Russian tourists by the end of 2024.


  • China is close to a breakthrough in the field of civil aviation: Space Transportation has successfully tested a new supersonic aircraft. The model reaches speeds of up to Mach 4, which is twice as fast as the last commercial supersonic Concorde aircraft, decommissioned in 2003. According to the company, the plane will be able to deliver passengers from Beijing to New York in just 2 hours. The first commercial flight is planned in 2027.


  • Russia and the DPRK have signed an agreement on cooperation in the digital sphere. The agreement covers cooperation in the fields of communications, information technology and digital development.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.