Author: Fatimah Idera

Tesla’s sales in Europe are tumbling despite a broader rebound in demand for electric vehicles (EVs) across the Continent as Elon Musk gets a fresh headache as he refocuses his attention on his struggling car company. Just 36,167 Teslas were sold in the EU during the first quarter of 2025, down 37pc compared to a year earlier, according to industry figures. It came as overall EV sales in the bloc accelerated, rising by 24pc to 412,997, the European Automobile Manufacturers Association (ACEA) said. The drop is a fresh headache for Elon Musk as he refocuses his attention on Tesla to…

A federal judge in New Hampshire on Thursday restricted the ability of Republican President Donald Trump’s administration to cut off funding to public schools that engage in diversity, equity and inclusion efforts. U.S. District Judge Landya McCafferty in Concord issued a preliminary injunction preventing the U.S. Department of Education from enforcing its policy against members of three groups including the National Education Association, the largest U.S. teacher’s union. Read also: Harvard may lose ability to enrol foreign students, Trump threatens The NEA, its local New Hampshire affiliate and the Center for Black Educator Development sued after the Education Department in…

UK Firms are encouraged to self-report suspected wrongdoing to Britain’s Serious Fraud Office (SFO) and cooperate with investigators as they get a chance to avoid prosecution, according to guidance published by the SFO on Thursday. The SFO, which has a remit covering complex financial crimes, fraud and corruption, said companies that flag potential breaches would be offered the chance to negotiate a Deferred Prosecution Agreement (DPA), except in exceptional circumstances. Such agreements typically allow the accused to avoid prosecution unless they reoffend or violate other terms during the term of the agreement. Prosecutors agree to suspend legal proceedings in exchange…

President Donald Trump slammed Ukraine’s President Volodymyr Zelensky on Wednesday for his comments that Ukraine wouldn’t recognize Russian control of Crimea, calling the remarks very harmful to the Peace Negotiations with Russia. In his post on Truth Social which reads; It’s inflammatory statements like Zelenskyy’s that makes it so difficult to settle this War. He has nothing to boast about! The situation for Ukraine is dire. He can have Peace or, he can fight for another three years before losing the whole Country,” Any move to recognize Russia’s control of Crimea would reverse a decade of US policy and could…

Global aid funding cuts, led by the United States, are disrupting efforts to vaccinate children against deadly diseases almost as much as the COVID-19 pandemic did, the United Nations said on Thursday. Outbreaks of infectious diseases, including measles, meningitis, and yellow fever, have been increasing globally. According to reports from World Health Organization offices in 108 largely low and lower-middle income countries, Emergency and routine vaccinations meanwhile were significantly affected in nearly half of countries at the start of April due to the funding cuts. Cuts to funding also reduced vaccine supplies and hampered disease surveillance, the WHO and UNICEF…

Florida on Tuesday sued photo-sharing app Snapchat for allegedly employing features that addict children and opening accounts for children age 13 and younger. The complaint said Snapchat features including infinite scrolling, push notifications, auto-play videos, and metrics that provide user feedback violate a 2024 state law signed by Governor Ron DeSantis, and designed to protect children’s mental health from compulsive social media exposure. Florida called Snap’s conduct “particularly egregious” because the Santa Monica, California-based company markets Snapchat as safe for 13-year-olds, though it can be used to view pornography and buy drugs, among other harmful activities. By failing to…

President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell after days of intensifying criticisms of the central bank chief for not cutting interest rates. “I have no intention of firing him,” Trump told reporters in the Oval Office on Tuesday. “I would like to see him be a little more active in terms of his idea to lower interest rates,” he added. The de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2% on the resumption of trading on Tuesday evening. Stocks, bonds and the U.S.…

Brazil, which hosts the 2025 United Nations Climate Summit has a main goal of persuading Europe, China and other developing economies to commit to cutting greenhouse gas emissions enough to keep global warming well below 2 degrees Celsius, three people with knowledge of the country’s plans revealed. Brazil’s President Luiz Inacio Lula da Silva and U.N Secretary-General Antonio Guterres have scheduled a closed online meeting on Wednesday to talk with leaders from the world’s 35 biggest economies about stronger commitments. Brazilian ambassador and COP30 president Andre Correa do Lago, was in Beijing last week, where he discussed national pledges with…

Pay increases granted by British employers stayed at three per cent in the three months to March, according to figures from human resources data firm Brightmine that are likely to be welcomed by the Bank of England. It marked the fourth consecutive rolling quarter of pay awards at that level and the joint lowest pace of increase since December 2021. BoE officials are watching closely to see how employers react to an increase in social security contributions – known in Britain as national insurance – and a higher national minimum wage. Both took effect in April. “Currently, the data isn’t…

Britain’s economic growth forecast for 2025 received the sharpest downgrade of any major European economy from the International Monetary Fund on Tuesday as the UK braces for the global fallout from the U.S. President Donald Trump’s trade tariffs. The Fund also said British inflation would be higher this year than it had thought in January, and higher than in any other Group of Seven country – showing the economic risks facing finance minister Rachel Reeves and Bank of England Governor Andrew Bailey, who will attend IMF spring meetings this week. Britain remains on course to grow more strongly than France,…