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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...

Spain's short-term rentals up 25% despite crackdown attempts
Tourist rentals soar in Spain, outpacing official clampdowns

MADRID, Spain: Spain's push to curb short-term tourist rentals is being outpaced by the market's explosive growth, new data shows —...

Xinhua Commentary: China's rare earth regulations not "tactical countermeasure"
Xinhua Commentary: China's rare earth regulations not "tactical countermeasure"

China's export controls on certain rare earth-related items are not trade barriers targeting specific countries, but a responsible...

Xinhua Commentary: China's rare earth regulations responsible step toward sustainable global supply, security
Xinhua Commentary: China's rare earth regulations responsible step toward sustainable global supply, security

Preventing such strategic resources from being used to undermine international peace and security is a shared non-proliferation obligation...

International

Section
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...

WWII heroes visit Normandy, say freedom still worth fighting for
D-day veterans return to Normandy 81 years later to honor freedom

OMAHA BEACH, France: Eighty-one years after the D-Day landings, a small group of World War II veterans has returned to the beaches...

China offers secret bounty for suspected Taiwan-linked hackers
China issues bounty for hackers it says are linked to Taiwan

BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...

European Union jumps to defence of International Criminal Court
Rubio vows to stand by Israel following ICC sanctions, UN Security Council veto

THE HAGUE - The International Criminal Court (ICC) has strongly condemned the United States for imposing sanctions on four of its judges,...