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Sat, Dec 06, 2025 01:20 AM All times are UTC

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Tesla’s European Sales Plunge 49% Amid Musk Boycott and Aging EV Lineup

May 27, 2025 06:12 am UTC| Business

Tesla Inc. (NASDAQ: TSLA) saw its European sales slump sharply in April, with new vehicle registrations plunging 49% year-on-year to 7,261 units, down from 14,228, according to data from the European Automobile...

Toyota to Shift GR Corolla Production to UK to Meet North American Demand

May 27, 2025 06:10 am UTC| Business

Toyota is relocating part of its GR Corolla production to the UK, investing approximately $56 million in a dedicated line at its Burnaston plant in Derbyshire. The move aims to address growing North American demand and...

Sony's Strategic Spin-Off to Sharpen Entertainment Focus

May 27, 2025 06:06 am UTC| Business

Sony (NYSE:SONY) is set to unveil the growth strategy for its financial unit ahead of its upcoming spin-off, marking a significant step in the tech giants transformation. Known historically for consumer electronics, Sony...

China Probes "Zero-Mileage Used Cars" Amid Auto Industry Price War

May 27, 2025 06:05 am UTC| Business Governance

Chinas commerce ministry is set to meet major automakers including BYD and Dongfeng Motor, alongside industry groups like the China Association of Automobile Manufacturers (CAAM) and China Automobile Dealers Association...

BYD Shares Slide as EV Price War Intensifies in China

May 27, 2025 06:03 am UTC| Business

Shares of Chinese electric vehicle giant BYD (HK:1211) fell 3.6% to HK$409.80 on Tuesday, extending losses from last weeks record highs. The decline reflects growing investor concerns over aggressive price cuts in Chinas...

Southwest Airlines Ends Free Checked Bags, Introduces New Fees

May 27, 2025 06:01 am UTC| Business

Southwest Airlines announced on Tuesday it will begin charging passengers for checked luggage, officially ending its long-standing bags fly free policy. Starting soon, travelers will pay $35 for their first checked bag and...

JD.com Shares Slide Amid Intensifying Battle with Meituan in China’s Instant Retail Market

May 27, 2025 02:43 am UTC| Business

Shares of JD.com (HK:9618) dropped sharply on Tuesday, falling as much as 6.6% during early Hong Kong trading, following remarks by Meituan (HK:3690) CEO Wang Xing about increasing competition in Chinas instant retail...

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Economy

Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data

Gold prices moved higher in Asian trading on Friday, supported by a weakening U.S. dollar and strong expectations that the Federal Reserve will cut interest rates at its upcoming December 910 meeting. Spot gold rose 0.5%...

Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification

Asias equity capital markets are poised for another strong year as a surge of high-profile IPOs from China and India attracts global investors seeking diversification beyond U.S. assets. In 2025, Asian ECM...

Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures

Spains industrial sector posted a moderate yet encouraging rise in October, with industrial output increasing 1.2% compared to the same month last year, according to new data released by the National Statistics Institute...

European Stocks Rise as Markets Await Key U.S. Inflation Data

European stock markets edged higher on Friday as investors looked ahead to the delayed release of the Federal Reserves preferred inflation metric, a key indicator ahead of next weeks policy meeting. By early European...

European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure

European oil and gas equities are entering 2026 on a more cautious footing as J.P. Morgans latest EU Oils Outlook highlights tightening valuations and growing concerns over a projected global oil oversupply. Despite Brent...

Politics

Trump’s New U.S. Strategy Seeks to Deter China and Protect Taiwan

President Donald Trumps administration has outlined a strengthened U.S. strategy aimed at preventing conflict with China over Taiwan and the South China Sea by expanding American and allied military power. The latest...

Putin and U.S. Envoy Witkoff Hold “Truly Friendly” Talks as Ukraine Peace Efforts Intensify

The Kremlin signaled a notable shift in tone in U.S.Russia dialogue after Russian President Vladimir Putins nearly five-hour meeting with U.S. envoy Steve Witkoff and White House adviser Jared Kushner. According to Yuri...

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

China’s Expanding Maritime Military Presence Alarms Taiwan and Japan

Taiwan and Japan expressed growing concern on Friday over Chinas expanding military activity across East Asian waters, following a Reuters report revealing Beijings largest maritime deployment to date. According to...

Honduras Election Turmoil Intensifies as Nasralla Blames Trump for Shift in Results

Honduran presidential candidate Salvador Nasralla says last-minute interference by former U.S. President Donald Trump undermined his chances in the countrys tightly contested election. Speaking with Reuters, Nasralla, a...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...