Iran, Qatar to discuss release of $12bn in frozen Iranian assets in Doha
Iranian and Qatari delegations are expected to meet on Wednesday in Doha to discuss the release of Tehran's assets, estimated at $12 billion, that wer...
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.
Rescue teams raced on Sunday to find more survivors of the two powerful earthquakes that struck Venezuela this week, with signs of life bringing occasional relief to a grim quest to whittle down a list of tens of thousands missing.
Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
The United States and Iran have agreed to halt strikes against each other, in a potential breakthrough after weeks of escalating tensions. The two sides are expected to meet in Doha on Tuesday to address their dispute over the Strait of Hormuz.
Six adults were killed in a shooting at a youth welfare facility in northern Germany on Monday, with police detaining two people, including the suspected gunman.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
Global equity markets remained on track for one of their strongest quarterly performances in years on Tuesday, lifted by a powerful rally in artificial intelligence-linked stocks, improving investor sentiment and easing geopolitical tensions in the Middle East.
Türkiye’s electronic communications investments hit a record 263 billion lira ($5.6 billion) in the first quarter, marking a 1,300% year-on-year surge driven by 5G auction fees and rollout, according to Transport and Infrastructure Minister Abdulkadir Uraloğlu.
WhatsApp is allowing users to reserve a username as an alternative to exchanging phone numbers to chat on the messaging service.
China has expanded export controls against 40 Japanese companies and institutions, adding 20 entities to its export control list and placing another 20 under heightened scrutiny in a move targeting Japan's defence and industrial sectors.
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