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Porsche shares plunge after announcing EV rollout delay
Porsche’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…
Cambodian businessman exposed in BBC Eye online scam investigation arrested
Cambodian Ministry of Information Kuong Li, 50, was charged with illegal recruitment for exploitation, aggravated fraud, organised crime and money laundering Cambodian authorities have arrested a prominent businessman featured in a 2023 BBC Eye investigation into alleged online scam operations as part of a wider effort to tackle organised online fraud. Kuong Li, a 50-year-old…
Many new UK drone users must take theory test for outdoor use
Many in the UK who unwrapped a new drone this Christmas may face a rude awakening next week, when they will have to take a theory test before being allowed to fly outdoors. From 1 January, those intending to fly drones or model aircraft weighing 100g or more outside must complete a Civil Aviation Authority…
Trump announces new tariffs on trucks, drugs and kitchen cabinets
US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US. Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform. “The reason…
