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Croatia set to enter euro, borderless Europe club
Croatia set to enter euro, borderless Europe club
by  AFP

Croatia was counting the last hours Saturday before switching to the euro and entering Europe's passport-free zone -- two milestone steps for the country since joining the EU nearly a decade ago. It will also be the 27th nation in the passport-free Schengen zone, the world's largest, which enables more than 400 million people to move freely around its members.

China's manufacturing activity drops despite lifted Covid restrictions
China's manufacturing activity drops despite lifted Covid restrictions
by  AFP

China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's loosening of Covid restrictions at the beginning of the month. On December 7, Beijing abruptly loosened pandemic restrictions, but despite that, the country is still struggling to recover due to a surge in Covid cases.

Between new rivals and a distracted boss, Tesla suffers on Wall Street
Between new rivals and a distracted boss, Tesla suffers on Wall Street
by  AFP

Tesla lost a staggering two-thirds of its market value in 2022, a victim of fears about demand for electric vehicles, dismay at Elon Musk's tribulations as head of Twitter and the end of easy money on Wall Street. But to some analysts, the problems at Tesla are more serious and unrelated to Twitter -- mainly because the days where it was the sole player on the electric vehicle market are over.

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