Money Machine Newsletter
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- Heavy fighting erupted in Tripoli, Libya after militia leader Abdelghani al-Kikli was killed, resulting in at least six deaths. Authorities issued an emergency alert urging residents to stay indoors as schools suspended activities amid rising violence. #Libya #Tripoli #Conflict
- China is building a circular economy to address retired EV batteries and solar panels. With over 4 million tonnes of batteries expected to retire annually by 2028, companies like CATL and BYD are leading recycling efforts to secure resources and reduce reliance on imports.
- The Federal Reserve holds rates at 4.25%-4.5%, dismissing Trump's call for cuts. It warns of rising uncertainty and stagflation risks, with potential inflation and unemployment increases despite steady economic growth. Powell's press conference will provide more details.