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The FTSE 100 struggled to gain momentum, hindered by declines in Lloyds Banking, BP, Shell, and Marks & Spencer, as it hovered just above 8,500. Manufacturing data indicated a slump in exports due to global trade disruptions, while Barclays anticipates a Bank of England interest rate cut next week. In contrast, European markets showed slight gains, buoyed by a tech-led rebound in the US, with Microsoft shares rising 9% premarket.
Huawei has launched its ultra-luxury EV brand, Maextro, with the S800 sedan, designed to compete with high-end models like the Mercedes-Maybach S-Class and Rolls-Royce Ghost. The S800 features a spacious interior with advanced amenities, three electric motors delivering 852 horsepower, and Level 3 automated driving technology. Priced at just over 1 million yuan (approximately $137,600), it offers a more affordable alternative to its European rivals, though its entry into the U.S. market is unlikely due to tariffs.
The Huawei Maextro S800, a groundbreaking luxury vehicle, combines cutting-edge technology with opulent design, challenging established brands like Rolls-Royce and Mercedes-Maybach. With a striking exterior and a lavish interior featuring advanced digital displays and premium materials, it offers both fully electric and extended range options, boasting impressive performance and rapid charging capabilities. Priced between €250,000 and €370,000, it signifies China's emergence in the luxury automotive market.
Huawei's Maextro S800 sedan, priced at approximately $137,230, aims to compete with luxury giants like the Mercedes-Maybach and Rolls-Royce. The opulent interior features a blend of high-end materials and advanced technology, including a floating display and a starry headliner. With electric and range-extended powertrains, the model boasts impressive ranges and dimensions slightly larger than the Maybach S-Class.
Saudia Group has secured an agreement with Airbus for up to 20 A330neo jets, including 10 firm orders for its low-cost subsidiary, flyadeal, with deliveries set between 2027 and 2029. This order follows a previous commitment for 105 A320neo family aircraft and supports Saudi Arabia's Vision 2030 by enabling flyadeal to enter long-haul operations to Southeast Asia. The A330neo, powered by Rolls-Royce Trent 7000 engines, can fly up to 7,200 nautical miles, enhancing Saudia Group's fleet of 194 aircraft and its global reach.
European markets experienced a significant sell-off on April 4, 2025, following China's announcement of 34% retaliatory tariffs on US imports, raising fears of a global trade war. Major UK banks and global mining companies saw sharp declines, with Barclays, NatWest, and Lloyds down over 7%. The oil price also plummeted to its lowest since August 2021, prompting Goldman Sachs to lower its forecasts for crude prices amid escalating tariff tensions. Defensive stocks like SSE and British American Tobacco managed to rise amidst the turmoil.
In my early 30s, I aim to establish a second income from investments by 2035, focusing on growth through US technology stocks and undervalued UK companies. As I transition to income stocks, I plan to leverage dividend growth for a stable income, with Lloyds showing promising potential for future yields.
Two ultra-luxury Huawei Luxeed Maextro S800 sedans were spotted in Sydney, marking the brand's potential entry into the Australian market. Priced between $A250,000 and $A330,000, these nearly 5.5-meter-long vehicles feature advanced self-driving technology and are set to compete with high-end models like Mercedes-Benz Maybach and Rolls-Royce. The Maextro brand is a joint venture between Huawei and JAC, with local testing possibly indicating a launch in 2025.
British engine maker Rolls-Royce is looking to expand its U.S. manufacturing to counter rising global tariffs. Meanwhile, Santander-backed Ebury's London listing faces uncertainty amid market volatility, and Heathrow airport has resumed normal operations after a recent power cut. Ocado has scaled back its diversity targets, and Thames Water struggles to attract new investors due to challenges in asset record accuracy, despite a £3 billion debt bailout. Finance Minister Rachel Reeves is considering over £2 billion in spending cuts, including 10,000 civil service job reductions, to reallocate resources to frontline services.
Huawei, in collaboration with JAC Group, has unveiled the Maextro S800, a luxury EV/EREV aimed at competing with the likes of Mercedes-Maybach. This striking vehicle features design elements reminiscent of high-end brands and boasts impressive performance with a total output of 1,006 horsepower from its triple-motor setup.Pre-orders for the S800 began in November, with prices ranging from 1 to 1.5 million yuan ($136k – $205k USD), reflecting its premium positioning in the market. The interior is expected to showcase advanced technology and luxury materials, aligning with the latest trends in Chinese automotive design.
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