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Discussion on the dangerous Red Sea shipping route, China's dominance in the electric vehicle market, Germany's weak economy, and the success of Chinese carmaker BYD over Tesla. The podcast also highlights the challenges faced by BYD in expanding overseas and the potential impact on the electric vehicle industry.
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- The recent attack on a US-owned ship off Yemen highlights the danger of the Red Sea shipping route and the risk of Washington being embroiled in regional conflicts.
- Germany's weak performance in 2023, driven by energy inflation, high interest rates, and weak global demand, has led to a downturn, increased bankruptcies, and a decline in house prices, causing discontent in the country.
Deep dives
Houthi Forces Strike US-Owned Cargo Ship off Yemen's Coast
Houthi forces struck a US-owned commercial vessel off the coast of Yemen in response to Israel's offensive against Gaza. The attack highlights the risk of Washington being drawn deeper into regional conflict, leading to many shipping companies avoiding the Red Sea route.
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Listen to the best highlights from the podcasts you love and dive into the full episode