Zelenskyy says Ukraine, U.S. and Russia could meet at G20 summit
Ukrainian President Volodymyr Zelenskyy said on Saturday that a potential meeting between Ukraine, the United States and Russia could take place du...
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 U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Maritime Trade Operations (UKMTO) on Saturday.
U.S. President Donald Trump has lifted sanctions on Russian diesel exports and announced a Russia-Ukraine energy ceasefire aimed at easing fuel prices ahead of November’s midterm elections. But can Moscow deliver and will the move will bring meaningful relief to markets?
Taiwan plans to buy 30 per cent of Alaska LNG's annual output and invest up to $4.4 billion in the project, but binding contracts and financing remain unresolved as the U.S. pushes to expand energy exports to Asia.
Asian stocks plunged to their lowest level in more than two months on Tuesday as advances by Chinese chipmakers rattled investor confidence in the artificial intelligence boom, despite soaring global semiconductor sales.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
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