The race to dominate the market for electric vehicles is revving up. Tesla and Ford both recently announced plans to cut prices on some models in a bid to drive up demand. In 2021, Mexico produced the seventh highest number of cars of any country in the world. It benefits from a free trade agreement with the US and Canada,. There's also a very skilled labour force here, which is cheaper than the labour forces in surrounding countries.
The Adani Group, one of India’s biggest conglomerates, has come under fire from a tiny American research firm. A successful secondary share sale amid a rout in the markets leaves many questions—and proves revealing about India Inc. Our correspondent explains why Mexico is so well-placed to navigate the electric-vehicle transition. And the unlikely rise of MAGA rap artists.
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