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Shares of NIO Inc. (NIO.US), one of the world’s most exciting and promising 100% electric vehicle („EV”) manufacturers, are down 70% from its all-time high, due to several reasons.

Gazprom’s decision to stop the gas flow indefinitely via Russia’s Nord Stream 1 pipeline puts Europe in a difficult position, with a near-certain gas shortfall in the winter.

Captive between the perils of inflation and the impending risk of recession, the European Central Bank has taken a policy decision to continue increasing their key interest rates in the hope that prices, now rising at an annual 9% in the eurozone, will begin to slow down.

The Supervisory Board of Volkswagen AG has decided to pursue an IPO of up to 25% of Preferred Shares of the luxury automotive manufacturer.

Industrial new orders in manufacturing decreased by 1.1% in July 2022 compared with June 2022, according to provisional results of the Federal Statistical Office.

In the first half of 2022 financial markets saw faltering recoveries, increasing volatility and likelihood of market corrections. Separately, crypto-markets saw large falls in value and the collapse of an algorithmic stablecoin, highlighting again the very high-risk nature of the sector.

The Organisation of Petroleum Exporting Countries and its allies met today, 5 September, amid expectations of falling demand due to the global economic slowdown and the situation in China, which is suffering from bottlenecks caused by the coronavirus that is hampering economic growth.

Eurozone retail sales rose in July, but the downward trend remains. Rising food and fuel spending masked a decline in sales for all other items.

“In the international economic and financial environment, are still strong the echoes of the latest discussions between the representatives of the main central banks of the developed countries, at the yearly event hosted by the US Federal Reserve in Jackson Hole.