Flash floods kill 14 in Morocco’s Safi amid record rainfall
At least 14 people have died and 32 others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorit...
Tesla’s car sales in the UK plummeted by over 45% in May 2025, as growing political backlash and stronger competition impact the brand’s market share despite a booming electric vehicle sector.
Tesla’s UK car sales fell sharply in May, dropping more than 45% year-on-year to 1,758 vehicles from 3,244 a year earlier, according to preliminary data from New AutoMotive. The decline comes despite a broader rise in the British car market, where overall new registrations grew 4.3% to 144,098 units during the same period.
The sharp drop is being partially attributed to political controversies surrounding Tesla CEO Elon Musk. Analysts and industry observers suggest his polarising public stance on various issues may have dampened consumer sentiment across European markets.
Despite the dip, Tesla remains the UK’s best-selling battery electric vehicle (BEV) brand for the year to date. However, its dominance is increasingly being challenged by rivals, particularly Chinese carmaker BYD, which more than doubled its UK sales to 1,388 units in May.
The broader UK electric vehicle segment showed resilience, with BEV sales rising 28% year-on-year. Yet Tesla’s performance in Europe continues to raise concern, with the company also reporting significant losses in other countries—sales fell 53.7% in Sweden and 68% in Portugal.
In a bid to reverse these trends, Tesla recently launched a refreshed Model Y in Norway, where sales surged by 213%. The updated model is expected to roll out in additional European markets in the coming weeks, potentially boosting performance in the region.
At the close of the latest trading session, Tesla’s share price stood at $344.27, marking a slight increase of 0.45%.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Russia’s Human Rights Commissioner Tatyana Moskalkova says the Kyiv authorities have still not provided Moscow with a list of thousands of Ukrainian children it claims were illegally taken to Russia, despite the issue being raised during talks in Istanbul.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
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