Tesla loses its electric car leadership

The electric vehicle (EV) industry has a new global leader, with Chinese company BYD surpassing American firm Tesla in sales. BYD sold a record 1,023,381 vehicles in the first and second quarters of…

Al Majalla - London

Trade held hostage in the Red Sea

Each year, around $1tn worth of cargo, including oil and liquefied natural gas, flows through the Red Sea and Suez Canal. This represents nearly 15% of global seaborne trade, and about 30% of global…

Al Majalla - London

Crude oil hits record low

Average monthly crude oil prices dropped to below $65 per barrel in May 2025, one of the lowest since April 2021. Following an 8.1% increase in January 2025, WTI prices declined for three consecutive…

Al Majalla - London