Norway’s electric vehicle sales rise to 88.9% of new car market in 2024
Tesla, Volkswagen, and Toyota dominate 2024 EV sales, as Chinese brands make up almost 10% of the market
Apple offers rare discounts on iPhones in China to combat competition
The discount applies to several iPhone models when purchased with specific payment methods, including WeChat Pay or Alipay.
Tesla Cybertruck explodes outside Trump Hotel, killing driver
The FBI investigates whether the blast is an act of terrorism, though no official determination is made
Bank of England allocates £46.18 billion in first short-term repo of 2025, second-highest ever
The short-term repo, typically for a seven-day period, allows banks to borrow money from the BoE in exchange for high-quality collateral
Oil prices rise as investors focus on China’s growth and fuel demand
Brent crude futures rise by 65 cents, or 0.87%, to $75.29 per barrel, while U.S. West Texas Intermediate crude gains 66 cents, or 0.92%, reaching $72.38
Global billionaire wealth hits $10 trillion in 2024, led by tech mogulsÂ
Elon Musk, Mark Zuckerberg, and Jensen Huang among the biggest gainers; Musk leads with $213 billion gain; Trump’s election victory boosts billionaires’ fortunes
Russia seeks AI partnership with China amid Western sanctions
Putin directs Sberbank to focus on further cooperation with China in technological research and development in AI
Alibaba sells majority stake in Sun Art Retail to DCP Capital for $1.58 billion
The sale follows a significant 85% rise in Sun Art's shares over the past year, outpacing the 20% gain in the Hang Seng Index
Ford recalls 20,484 hybrid SUVs over battery issues
The recall affects certain Ford Escape and Lincoln Corsair vehicles from model years 2020 to 2024
Chinese President Xi Jinping announces proactive policies to boost China’s growth in 2025
China’s 2024 GDP is expected to exceed 130 trillion yuan ($17.8 trillion), says President Xi
LVMH-owned Dior faces scrutiny as subcontractor exploits workers
The case places Dior under judicial oversight since June 2024 and raises questions about the effectiveness of LVMH’s supply chain monitoring
Bitcoin dominates 2024 as ETFs and optimism reshape the crypto market
Bitcoin doubles its value in 2024, starting at $40,000 and ending near $94,000
Tesla to fix software for 77,650 China-made vehicles
The problem involves software that may fail to display monitored tire pressure immediately after the vehicle starts
Russian gas exports to Europe via Ukraine halted as transit deal expires
The halt effective from January 1 ends a major gas route amid geopolitical tensions and war while Russia continues exports to Europe via Turkey
Beijing denies involvement in cyber breach at US treasury dept
China rejects accusations of its involvement in a recent cyberattack on the US Treasury