Business

Elon Musk’s involvement in politics may have weighed on Tesla’s sales performance in Europe, with its share price sinking the most in the Magnificent Seven stocks this year. ADVERTISEMENT Tesla’s electric vehicle sales sank across Europe in January, suggesting CEO Elon Musk’s political intervention may have turned European buyers away.  The US-based EV maker’s shares tumbled 8.4% on Wednesday, with …

With tax filing season around the corner, a number of tax scams such as phishing and smishing attacks are likely to be on the rise. Euronews Business looks at which tax scams are the most common and how to protect yourself from them. ADVERTISEMENT Tax season can be quite stressful, as most of us grapple with confusing tax form language, …

Hybrid-electric vehicle registrations also increased in the EU in January, mainly because of robust French performance. However, plug-in hybrid electric vehicle registrations lagged behind. ADVERTISEMENT Passenger car registration numbers in the EU fell by 2.6% on an annual basis in January, hitting a four-month low of 831,201 units, according to the European Automobile Manufacturers’ Association (ACEA).  France and Italy were …

Chat Cola, with a red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink’s logo, has seen its products explode in popularity across the occupied West Bank in the past year. ADVERTISEMENT Palestinians in the Israeli-occupied West Bank are turning against Coca Cola and opting instead for a local drink – Chat Cola. Chat Cola …

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially abandoned. ADVERTISEMENT BP will abandon its pledge to increase renewable energy generation by 2030 when it presents its strategy to investors on Wednesday. CEO Murray Auchincloss will rescind the firm’s aim to boost renewable output 20-fold between 2019 …

The chip company has grown into the second-largest company on Wall Street, which means the stock’s movement carries more weight on the S&P 500 and other indexes than every company except Apple. ADVERTISEMENT Sales of Nvidia’s artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results late on Wednesday, with analysts eyeing future …

The cuts come after CEO Brian Niccol assumed his post in September, tasked with boosting declining customer demand. ADVERTISEMENT Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol seeks to boost efficiency. In a letter to employees released on Monday, Niccol said the company would inform those who are being laid off by …

Euronews Business looks at how residential electricity and gas prices have evolved since Russia’s invasion of Ukraine and compares prices with pre-invasion levels. ADVERTISEMENT Three years ago, on 24 February, Russia invaded Ukraine. The war is still ongoing and has had a significant impact on energy prices, with the share of Russia’s pipeline gas in EU imports dropping from over …

Dubai is a popular winter destination for European tourists looking for some mid-season warmth, with an average temperature of around 25 C. ADVERTISEMENT Low-cost airline FlyDubai, carrier to one of European travellers’ most popular destinations, has revealed it earned a record-breaking profit of $611m (€584m) in 2024, buoyed by higher passenger numbers and lower fuel costs. FlyDubai had revenues of …

Prosus already holds stakes in food delivery operations in India, South America, and Southeast Asia. ADVERTISEMENT Shares in Just Eat Takeaway.com were up by more than 50% in daily trading on Monday morning after tech investor Prosus announced it would buy the firm. The all-cash deal, worth €4.1 billion in total, values shares at €20.30 each. That’s higher than the …