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Tesla loses title as world’s biggest electric vehicle maker as sales fall for second year in a row

NEW YORK (AP) - Tesla lost its crown as the world's bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk's right-wing politics and stiff overseas competition pushed sales down for a second year in a ...
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Trump wants to overhaul the ‘president’s golf course.’ He hasn’t played there yet

WEST PALM BEACH, Fla. (AP) - President Donald Trump has spent much of his two-week vacation in Florida golfing. But when he gets back to the White House, there's a military golf course that he's never played that he's ...
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Euro zone manufacturing slips deeper into contraction at year-end, PMI shows

By Indradip Ghosh BENGALURU, Jan 2 (Reuters) - Euro zone factory activity retreated further into contraction territory in December as production decreased for the first time in 10 months, dampened by accelerating declines in new orders, a survey showed on ...
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Global equity funds see strong inflows in final week of 2025

Jan 2 (Reuters) - Global equity funds saw strong inflows in the final week of 2025 as optimism over AI-driven market gains over the past year and a solid corporate earnings outlook lifted risk appetite. According to LSEG Lipper data, ...
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U.S. equity funds close 2025 on a strong note

Jan 2 (Reuters) - U.S. equity funds drew strong inflows for a second straight week in the week to December 31 as investors cheered solid annual gains from an AI-driven rally and ended the year on an optimistic note ...
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Oil inches up following biggest annual loss since 2020

By Florence Tan Jan 2 (Reuters) - Oil prices edged up on the first day of trade in 2026, after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a U.S. blockade ...
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Contaminated water kills 9 and hospitalises 200 in India’s Indore city

By Saurabh Sharma NEW DELHI, Jan 2 (Reuters) - At least nine people have died and more than 200 have been hospitalised in the central Indian city of Indore after a diarrhoea outbreak that officials said was linked to ...
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Shares climb in Asia, and South Korea’s Kospi hits a record close, in an upbeat start to 2025

BANGKOK (AP) - Asian markets began 2026 with gains, with South Korea's benchmark closing Friday at a record high, while U.S. futures and oil prices also advanced. Optimism over the future of artificial intelligence has carried over into the ...
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German exporters face prolonged slump in key U.S., China markets

BERLIN, Jan 2 (Reuters) - German exporters should prepare for continued weakness in 2026 in their two largest markets, the United States and China, with little prospect of recovery, the BGA trade association said on Friday. "We do not see ...
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China taxes condoms, contraceptive drugs in bid to spur birth rate

HONG KONG, Jan 2 (Reuters) - China removed a three-decade-old tax exemption on contraceptive drugs and devices from January 1 in new steps to spur a flagging birth rate. Condoms and contraceptive pills now incur value-added tax of 13%, the ...
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Stocks make upbeat start to 2026; precious metals extend sparkling rally

By Rae Wee SINGAPORE, Jan 2 (Reuters) - Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve ...
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Asia’s factories end 2025 on firmer footing as orders pick up

SINGAPORE, Jan 2 (Reuters) - Asia's factory powerhouses closed 2025 on a firmer footing, with activity swinging back to growth in several key economies as export orders picked up, helped by new product launches. Purchasing managers' indexes (PMIs) released by ...
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