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The EV Split: Automakers Pull Back in the US While Australia's Market Surges Western automakers abandon EVs in the US as billions burn, while Australia's EV market accelerates. BMW's new i3 shows where manufacturers still believe in electric vehicles.

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Australia’s Star Entertainment in a tussle with lenders over debt waivers (Reuters) -Australia’s Star Entertainment said on Wednesday it is in discussions with its lenders to secure potential waivers on loan covenants, though the terms offered by the lenders so far were unacceptable to the casino operator. This is the latest challenge to Star, which has been under a severe debt crisis and faces regulatory scrutiny. Star said it will defer its unaudited full-year financial accounts by a day to Friday, August 29. In February, the cash-strapped casino operator delayed issuing its half-year accounts pending bailout offers. The waivers are for the periods ended September 30 and December 31 this year, Star said in a statement. The company did not provide further details on the debt waivers. The Australian Financial Review had reported that the waivers were necessary for Star to publish its results by Friday. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. That's one option, but what if there are better opportunities hiding in plain sight? Investing.com's ProPicks AI has identified growth stocks that often get overlooked by individual investors. Compare your choice against our global range of AI-selected picks - with 3 out of 4 beating their benchmark index year to date and 98% in the green. Get fresh new picks every month, now available at 50% off while our Summer Sale lasts. Hurry, offer ends soon!

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Australia’s Abacus Storage King gets $1.43 billion sweetened buyout bid (Reuters) -Australia’s Abacus Storage King said on Monday it received a sweetened non-binding offer from a consortium of Ki Corporation and U.S.-listed Public Storage (NYSE:PSA) valuing it at A$2.17 billion ($1.43 billion), up from a prior offer of A$1.93 billion. The consortium - which includes South African billionaire Nathan Kirsh’s family office Ki Corporation and U.S.-based Public Storage - raised its offer to A$1.65 per share from A$1.47 apiece after Abacus rejected the earlier bid in mid-May. Abacus’ independent board committee said it will grant the consortium six weeks of due diligence to see if a binding deal can be agreed. "There is no certainty that the parties will be able to agree terms to implement the revised proposal," the self-storage operator said in a statement. ($1 = 1.5223 Australian dollars) Before you buy stock in PSA, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is PSA one of them?

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