Chinese automakers are steadily reshaping Europe’s hybrid car market, seizing a record 9.8% share of sales in August. The surge highlights a strategic pivot by companies like BYD, SAIC’s MG, and Zhejiang Leapmotor as European Union tariffs weigh heavily on imports of fully electric vehicles. While electric vehicle sales remain central to their expansion, hybrids

A high-volume cyberattack has put global corporations on alert as hackers linked to the Cl0p ransomware gang target executives through extortion campaigns. The attackers claim to have stolen sensitive data from Oracle’s E-Business Suite applications, which are widely used to manage financial transactions, supply chains, and customer records. According to security researchers, the hackers are

The European Union is planning to significantly raise tariffs on steel imports, proposing to hike the rate to 50%, a Bloomberg report said on Thursday. The proposed moves aligns the EU’s stance with the United States, which has already imposed heavy tariffs to counter overcapacity and dumping of cheap steel, particularly from China. Currently, the

In September, India’s diesel exports to Europe likely reached an unprecedented peak.  The surge in exports was driven by traders capitalising on strong profits in Western markets during a period of refinery maintenance, according to data from shiptrackers and trade sources quoted in a Reuters report. In September, Europe received between 1.3 million and 1.4

Warren Buffett’s Berkshire Hathaway said Thursday it will acquire Occidental Petroleum’s chemical business, OxyChem, for $9.7 billion in cash, marking its largest takeover since the $11.6 billion purchase of insurer Alleghany in 2022. The deal adds to Occidental’s efforts to reduce its heavy debt burden and signals Berkshire’s willingness to deepen its ties with the

The British government has issued a strong rebuttal to claims made by US President Donald Trump linking paracetamol use in pregnancy to autism. At a White House event on Monday, Trump urged pregnant women to avoid the painkiller, known in the US as Tylenol, despite a lack of supporting medical evidence. His remarks, made alongside

The S&P 500 hit a new record high on Thursday, with investors largely brushing aside worries over the ongoing US government shutdown. The benchmark index gained 0.2%, while the Nasdaq Composite advanced 0.6% to reach its own record level. The Dow Jones Industrial Average added about 31 points, or 0.1%. The market sentiment seems to

Micron stock price has been in a strong rally this year and is now hovering at its all-time high. MU has jumped in the last three consecutive weeks and by over 11,000% from the lowest level in 2010. A $1,000 investment in the company in 2010 would now be worth over $65,000.  AI tailwinds are