New agreement reached between U.S. and Saudi companies in Washington
U.S. President Donald Trump announced $270 billion in deals signed between U.S. and Saudi companies at the Washington investment conference....
Overall car registrations in Europe, the UK, and the European Free Trade Area (EFTA) fell by 2.1% in January, according to data from the European Automobile Manufacturers' Association (ACEA). While fully electric vehicle (EV) sales surged by 37.3%, the sharp decline in sales of petrol and diesel mod
Tesla’s performance exemplified the downturn, with the U.S. electric carmaker’s sales in the region dropping 45.2% compared to January 2024. In contrast, Chinese competitor SAIC Motor, which owns the MG brand, recorded a 36.8% increase in sales.
ACEA data revealed that total car registrations in the EU, Britain, and EFTA hovered just below 1 million units in January—the lowest volume since August. In the EU alone, overall sales declined by 2.6%, even as battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) saw robust increases of 34% and 18.4%, respectively, although plug-in hybrid (PHEV) sales fell by 8.5%. Notably, electrified vehicles (BEVs, HEVs, and PHEVs) made up 57.2% of passenger car registrations in January, up from 47.4% the previous year.
Among major EU markets, Spain experienced a modest 5.3% increase in sales, whereas France, Italy, and Germany saw declines of 6.2%, 5.8%, and 2.8%, respectively. The UK also recorded a 2.5% drop.
The downturn in traditional combustion engine sales comes at a time when European carmakers are grappling with high production costs and intensified competition from Chinese manufacturers. Industry stakeholders are also bracing for potential U.S. tariffs on imported vehicles, as President Donald Trump has raised tariffs on aluminium and steel and threatened a 25% duty on autos, semiconductors, and other products.
In response to these challenges, the European Commission is set to present auto sector plans on March 5 following discussions with automakers, unions, and interest groups. While some manufacturers have increased the prices of petrol-powered vehicles in an attempt to steer consumers toward EVs, there are concerns that such measures could simply result in fewer overall car purchases. Meanwhile, electric transport advocates warn that any relaxation of CO2 emission targets could undermine long-term investments in EV infrastructure and compromise the bloc’s competitiveness.
As the market continues to adjust to rapid technological and regulatory changes, the coming months will be crucial for European automakers as they navigate shifting consumer preferences and mounting geopolitical pressures.
Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Punjab’s modern political story begins in 1947. The end of British rule divided the region between India and Pakistan, leaving Sikh communities with a split homeland and unresolved questions about cultural and administrative protections.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
The Russian Foreign Ministry announced on Wednesday that it has not received any official information from the U.S. regarding the “agreements” on Ukraine reported in the media.
UN Secretary-General Antonio Guterres on Wednesday strongly condemned Russia’s missile and drone strikes on Ukraine. Kyiv reported that the attacks killed at least 25 people and injured 73 others.
U.S. President Donald Trump announced $270 billion in deals signed between U.S. and Saudi companies at the Washington investment conference.
The Iranian Foreign Ministry has announced plans by Tehran to bring together Afghanistan's neighbouring states including Russia and China in a regional meeting aimed at addressing ongoing tensions with Pakistan.
Ukraine’s President Volodymyr Zelenskyy met Türkiye’s President Recep Tayyip Erdoğan in Ankara on Wednesday, with both leaders voicing support for reviving the Istanbul peace process and strengthening cooperation on defence, diplomacy and prisoner exchanges.
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