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Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
The jump reflects the company’s growing foothold in the region as it steadily narrows the gap with Tesla, the long-standing market leader in electric vehicles.
Once seen as a domestic player, BYD is now emerging as a global contender.
Its mix of affordability, range, and reliability has helped win over European drivers at a time when cost-conscious consumers are rethinking traditional car brands.
Popular models like the Atto 3, Dolphin, and Seal have gained traction across key markets including Germany, France, and the UK, pushing BYD further into the mainstream.
Tesla continues to lead in Europe, supported by its Berlin Gigafactory and the strong performance of the Model Y.
But BYD’s sharp growth suggests the balance of power may be shifting. The company’s ability to control its entire production chain from batteries to chips has allowed it to keep prices competitive even as rivals struggle with higher costs.
Europe’s electric vehicle market remains one of the fastest growing in the world, despite weaker subsidies and economic headwinds.
BYD’s expansion aligns with this momentum, and its planned manufacturing plant in Hungary signals a deeper commitment to the continent.
The move could also help mitigate risks from potential European Union tariffs on Chinese-made cars.
Still, the road ahead isn’t without obstacles. European regulators are stepping up scrutiny of Chinese EV subsidies, and established automakers are rolling out new electric models to defend their market share.
Yet BYD’s rapid rise highlights how the global auto landscape is changing fast.
With Tesla and BYD now vying head-to-head for Europe’s electric future, the competition is no longer about who got there first, but who can stay ahead in an increasingly crowded race.
Germany’s foreign intelligence service secretly monitored the telephone communications of former U.S. President Barack Obama for several years, including calls made aboard Air Force One, according to an investigation by the German newspaper Die Zeit.
Israeli media report that Israeli Prime Minister Benjamin Netanyahu chaired a lengthy security meeting that reportedly focused on the country’s regional threats, including Gaza, Lebanon, and Iran.
At the end of last year, U.S. President Donald Trump was reported to have raised the Azerbaijan–Armenia peace agenda during a conversation with Israel’s prime minister, warning that if peace were not achieved, Washington could raise tariffs on both countries by 100 percent.
President Ilham Aliyev said 2025 has politically closed the Armenia-Azerbaijan conflict, as a Trump-era reset in U.S. ties, new transport corridors and a push into AI, renewables and defence production reshape Azerbaijan’s priorities.
Dmitry Medvedev has warned that Ukrainian President Volodymyr Zelenskyy could face the same fate as Venezuelan leader Nicolás Maduro, following what he described as a U.S. ‘abduction’ of the Venezuelan president.
On Tuesday, the U.S. dollar strengthened against major peers, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
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