Author: psdk

China’s BYD is reaching a landmark moment in the automotive industry. The company is set to surpass Tesla as the world’s largest electric vehicle seller. This would mark the first annual sales victory over its US rival. BYD released strong results on Thursday. Sales of battery powered vehicles rose nearly 28 percent last year. Global deliveries topped 2.25 million cars. Tesla will release its full 2025 sales figures later on Friday. Analyst estimates already point to a clear gap. They suggest Tesla sold around 1.65 million vehicles during the year. Tesla Faces Increasing Competition Tesla struggled through a challenging year…

Gold and silver closed the year with sharp price swings following a record-breaking rally. Both metals posted their strongest annual gains since 1979. Trading remained volatile through the final sessions. Investors reacted to interest rate expectations, geopolitical tensions, and fragile markets. Gold prices rose more than 60 percent over the year. The metal reached a record high above 4,549 dollars per ounce. Prices eased after Christmas. Gold traded near 4,330 dollars per ounce on New Year’s Eve. Silver showed similar volatility. The metal traded around 71 dollars per ounce at year end. Earlier in the week, silver reached an all-time…

Meta has finalized the acquisition of the Chinese-founded AI start-up Manus. The company aims to strengthen its technology and expand AI applications. Meta said the deal will enhance both consumer and business products. Analysts estimate a multi-billion dollar deal Bloomberg and The Wall Street Journal valued the acquisition at over two billion dollars. Meta has not publicly confirmed the financial terms. The purchase highlights Manus’s strategic importance to Meta. AI agents take center stage Meta said the acquisition will provide wider access to advanced digital agents. These agents can plan trips, create presentations, and handle complex tasks. Meta emphasized that…

Ukraine rejected Russian accusations that it carried out a drone attack on one of President Vladimir Putin’s residences. President Volodymyr Zelensky said Moscow spread false claims to undermine peace efforts. He accused Russia of inventing a pretext to justify further military action. Ukrainian officials confirmed no such strike occurred. Russia Claims Overnight Drone Attack Russian Foreign Minister Sergei Lavrov said Ukraine launched 91 long-range drones overnight. He claimed the drones targeted Putin’s state residence in the Novgorod region. Russian authorities did not disclose Putin’s location during the alleged incident. Moscow said it would review its stance in peace negotiations. Zelensky…

Donald Trump and Volodymyr Zelensky said talks in Florida advanced efforts to end the Ukraine war. Trump said major and unresolved issues still block a final agreement. Both leaders described the discussions as productive and encouraging. Trump said territorial disputes remain the central challenge. Russia continues to demand additional Ukrainian land. Territorial issues at the center Speaking at Mar-a-Lago, Zelensky said negotiators agreed on ninety percent of a twenty point peace plan. Trump said talks nearly completed security guarantees for Ukraine. He estimated progress at about ninety five percent. Zelensky confirmed further negotiations would continue next week. Ukrainian and American…

Rich and voiceless, Russia’s billionaires reached record numbers during the war against Ukraine. Their wealth grew, but their political influence all but disappeared. Over 25 years, Vladimir Putin stripped the rich of independent power. Once-feared oligarchs now avoid public opposition. This reality benefits the Kremlin. Western sanctions failed to spark elite resistance. Pressure and privilege instead ensured loyalty. The Kremlin enforces control through rewards and threats. Loyalty brings access, protection, and profit. Defiance triggers swift punishment. Former banking billionaire Oleg Tinkov experienced this firsthand. One day after calling the war “crazy” online, officials contacted his executives. They issued a blunt…

Ruben Amorim usually demands control, possession, and attacking ambition from Manchester United. Against Newcastle, he opted for pragmatism over flair. United claimed a 1-0 Premier League win through discipline and resilience. The performance lacked style but delivered vital points at Old Trafford. A long-held tactic finally changed Amorim rarely compromises on his tactical approach. Earlier this season, he joked nobody could force him to alter his system. After 13 months in charge, he finally relented. For the first time under his management, United started with a back four. The move prioritised defensive stability over attacking dominance. From kickoff, structure replaced…

India’s rapid solar expansion earns global praise. Yet behind the progress, a serious environmental problem is emerging. In just over a decade, India became the world’s third-largest solar power producer. Renewable energy now drives national climate strategy. Solar panels stretch across massive parks and rooftop systems in cities, towns, and villages. Large utility-scale projects supply most solar electricity. Millions of rooftop systems also feed power into the grid. Government data show nearly 2.4 million households adopted solar under subsidy programmes. Solar growth reduced dependence on coal-fired power. Thermal and other non-renewables still supply over half of installed capacity. Solar now…

BP has finalized a six billion dollar deal. The company sells a majority stake in its Castrol motor oil division. US investment firm Stonepeak acquires the holding. The buyer operates from New York. BP transfers 65 percent of Castrol. The brand produces lubricants for cars, motorcycles, and industrial vehicles. The deal values Castrol at 10.1 billion dollars. BP receives six billion dollars in cash. Management plans to reduce debt and strengthen focus on core operations. BP retains a 35 percent stake in Castrol. The group first gained control of the brand in 2000. Executives described the sale as a strategic…

The US economy gained momentum in the three months to September as consumer spending rose and exports rebounded. Economic output expanded at an annual rate of 4.3%, well above expectations. Growth increased from 3.8% in the previous quarter, marking its fastest pace in two years. The report followed delays caused by a federal government shutdown. It highlighted an economy shaped by shifting trade policies, immigration changes, persistent inflation, and reduced public spending. These factors triggered sharp swings in trade activity. Despite that volatility, overall momentum remained strong and exceeded many forecasts. Economic resilience surprises analysts Aditya Bhave, senior economist at…