Tesla reported mixed global sales trends, with gains in select international markets even as broader delivery concerns persist.In the United Kingdom, Tesla’s new vehicle registrations rose 20% year-on-year to 8,599 units, according to data from the Society of Motor Manufacturers and Traders (SMMT). However, the company lagged behind BYD, which…
Rolls-Royce share price has dived sharply in the past few months. It has dropped by over 15% from its highest point this year, remaining in a technical correction. RR stock was trading at 1,190p, and the weakness may continue as the Iran war continues.Rolls-Royce Holdings business is being impacted by…
Elon Musk’s aerospace company, SpaceX, has begun outlining plans for the largest initial public offering (IPO) in history.During a virtual meeting on Monday night with its full syndicate of bankers, the company revealed that retail investors will play an unusually significant role in the offering, as reported by Reuters.Chief Financial…
Tesco share has done modestly well in the past few weeks and is hovering near its all-time high as traders wait for the upcoming financial results. It was trading at 487p on Tuesday, down slightly from the all-time high of 510p.Tesco to publish its earnings on Thursday next week TSCO, the…
Campbell Wilson’s resignation as Air India chief executive is striking not because it comes after a failed turnaround, but because it comes in the middle of an unfinished one.When Tata Group brought him in during 2022, the task was clear: rebuild a former state-run airline that had lost years to…
ASML shares fell 2.6% on Tuesday after a group of bipartisan US lawmakers introduced legislation last week that could further restrict the Dutch semiconductor equipment maker’s already constrained sales to China. The bill, if passed, would extend export controls to include less advanced chipmaking tools that Chinese manufacturers have so…
The closure of the Strait of Hormuz has answered a question the energy world had been debating for a decade. What does it actually cost to stay dependent on fossil fuels?With Brent crude near $120 a barrel, gas above $4 a gallon across every US state, diesel up 45%, and…
Euro zone inflation expectations are at risk of rising more quickly than in the past, and the European Central Bank must be prepared to tighten policy swiftly if signs of persistent price pressure emerge, ECB Governing Council member Dimitar Radev said. The warning comes as surging energy costs driven by…
Every day the Strait of Hormuz stays closed, the global economy absorbs a cost that no military briefing fully captures. Brent crude is near $120 a barrel. Gas prices are over $4. Shipping insurance rates are at levels not seen since the tanker wars of the 1980s. Gulf desalination plants…
Pakistan will repay a $3.5 billion loan to the United Arab Emirates this month, two government officials said, raising fresh pressure on the country’s foreign exchange reserves and risking a breach of targets under its International Monetary Fund programme, with a further $1.3 billion Eurobond repayment due by June.The repayment…