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Porsche shares plunge after announcing EV rollout delay
Posted onPorsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s 2025 earnings. Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens. Shares of its parent Volkswagen…
Taiwan to ban Chinese app RedNote over fraud concerns
Posted onTaiwan says it will block access to popular Chinese social media app RedNote or Xiaohongshu for one year following concerns over online shopping scams. The island’s Criminal Investigation Bureau said Thursday it detected more than 1,700 fraud cases on the app since last year, with total losses worth more than NT$247m (£5.9m; $7.9m), local media…
Why Croatias capital wants to hold the best Christmas market
Posted onGuy Delauney Balkans correspondent AFP via Getty Images Zagreb’s Christmas market was voted the best in Europe three years in a row Christmas markets are not just tradition across Europe, they are big businesses that give cities a huge economic boost every December. For Zagreb, the capital of Croatia, it is an effective way of…
No 10 denies Reeves misled public in run up to Budget
Posted onDowning Street has denied Rachel Reeves misled the public about the state of the public finances ahead of this week’s Budget. In the run-up to Wednesday’s statement, the chancellor repeatedly talked about a downgrade to the UK’s predicted economic productivity that would make it hard for her to meet her spending rules. But in a…
Iran war prompts Donald Trump to delay meeting Xi Jinping in China
Posted on“We have noted that the US side has publicly clarified these false reports by the media, stating that the relevant reports are completely wrong, and emphasised that the visit has nothing to do with the issue of the open navigation of the Strait of Hormuz,” Jian said.
