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Europe Business

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Tesla faces EV market pressure as May sales slide in Europe
Tesla sales fall again in Europe ahead of new Model Y rollout

AMSTERDAM, Netherlands: Tesla saw a sharp decline in sales across several major European markets in May, marking its fifth consecutive...

Mercedes prepares for supply breaks as China delays mineral supply
European car plants halt as China limits rare earth exports

BERLIN/FRANKFURT: Some car parts factories in Europe have stopped production, and companies like Mercedes-Benz are making backup plans...

German cabinet backs major tax relief plan for 2025–2029
Germany approves 46 billion euros in tax cuts to boost investment

BERLIN, Germany: Germany has taken its first significant fiscal step to jumpstart its slowing economy. This week, the cabinet approved...

Western businesses in no rush to leave Russia survey
Western businesses in no rush to leave Russia  survey

Two-thirds of respondents say the country offers long-term growth potential despite the short-term impact of sanctions The majority...

Austria: At least five killed, several injured in school shooting in Graz
Austria: At least five killed, several injured in school shooting in Graz

Graz [Austria], June 10 (ANI): At least five people were killed and several others were injured in a school shooting incident in Austria's...

China extends anti-dumping probe into EU pork, relevant products
China extends anti-dumping probe into EU pork, relevant products

BEIJING, June 10 (Xinhua) -- China's Ministry of Commerce announced Tuesday that it would extend the duration of an anti-dumping investigation...

International

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ispace lander crashes on moon; Japan faces new lunar setback
Japan's ispace moon lander crashes again in second failed attempt

TOKYO, Japan: Japan's hopes for a foothold in commercial lunar exploration suffered a second blow this week after Tokyo-based startup...

FSB claims Russian professors linked to British Council espionage
Russia accuses British Council of spying for UK intelligence

MOSCOW, Russia: Russia's principal security agency, the Federal Security Service (FSB), has accused British intelligence of using the...

Australian PM rejects US pressure to ease biosecurity rules
Australia stands firm on biosecurity in trade talks with US

SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...

Flotilla ship prevented from reaching Gaza, passengers and crew detained
Israeli Navy intercepts Freedom Flotilla ship, detains all on board

The Israeli Navy has intercepted a ship carrying humanitarian aid and a number of activists including Greta Thunberg, Rima Hassan,...

Japan’s 2024 birth rate drops below 700,000 for first time
Japan's births hit record low, deepening demographic emergency

TOKYO, Japan: Japan's demographic challenges intensified in 2024, with the number of births falling to another all-time low—underscoring...

China bureaucrat bottlenecks over rare earths ripple through industry
Few Chinese officials now decide the fate of global EV production

BEIJING, China: A little-known office inside China's Ministry of Commerce has become a powerful chokepoint in the global auto and tech...