BYD launches budget-friendly Dolphin Surf EV in Europe
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
Electric vehicle manufacturer BYD is under investigation in Brazil after hundreds of Chinese workers were brought into the country on irregular visas to work on a factory construction in Bahia, with many found in "slavery-like conditions," according to labor authorities, Reuters reports.
According to Reuters, electric vehicle producer BYD (Build Your Dreams) faces scrutiny in Brazil after hundreds of Chinese workers were brought into the country on irregular visas, according to a key labor inspector. The workers, who were employed to build a factory in Bahia, were found to be in what Brazilian authorities described as “slavery-like conditions.”
Liane Durao, a labor inspector with Brazil’s Ministry of Labour, told Reuters that 163 workers employed by BYD’s contractor, Jinjiang Group, were rescued in December after authorities discovered they had been working under illegal and abusive conditions. The workers were subsequently sent back to China, with the contractor agreeing to cover the costs of their return.
BYD, which has invested $620 million in its Bahia factory to produce electric vehicles for the Brazilian market, has pledged to comply with Brazilian labor laws for the workers who will remain in the country. Durao confirmed that the company had committed to improving working conditions to meet local standards.
The labor inspector also noted that BYD would be fined for each worker found in violation of the country’s labor regulations, although the total amount of the fine has not been disclosed.
While BYD has denied the allegations and claims the visas were issued properly, the investigation into labor violations has raised concerns about working conditions in Chinese-owned enterprises abroad. The probe into BYD could complicate Brazil's relationship with China, which has become a major investor in the country.
Labor authorities are continuing to monitor the situation, ensuring that no remaining workers are subjected to exploitation as the investigation progresses. The case highlights broader issues surrounding foreign investment in Brazil and local job creation, a priority for President Luiz Inácio Lula da Silva.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
A new European Union law coming into effect on June 20 mandates smartphone makers to provide five years of software updates, energy labels, and improved repairability—setting new standards that may reshape the global smartphone industry.
U.S. stocks pushed higher on Monday, closing in on record levels after a volatile start to the day. Despite weak manufacturing data and renewed trade tensions between the U.S. and China, investor optimism held strong, with major indexes recovering thanks to tech gains and a surge in oil prices.
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