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Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to challenge Tesla, which has been steadily losing market share on the mainland.Stellantis-backed Leapmotor has become the latest to join the fray against Elon Musk’s Tesla, with founder and CEO Zhu Jiangming describing its decision to move up the value chain as a mission to offer consumers the best EVs at the best prices.“Leapmotor is able to launch higher-end and more sophisticated models at affordable prices, which will prove to be a value-for-money proposition for all customers,” he said at an…
Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to challenge Tesla, which has been steadily losing market share on the mainland.Stellantis-backed Leapmotor has become the latest to join the fray against Elon Musk’s Tesla, with founder and CEO Zhu Jiangming describing its decision to move up the value chain as a mission to offer consumers the best EVs at the best prices.“Leapmotor is able to launch higher-end and more sophisticated models at affordable prices, which will prove to be a value-for-money proposition for all customers,” he said at an…
Gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in over 17 years, as signs of weakness in U.S. regional banks, global trade frictions, and further rate-cut hopes pushed investors to the safe-haven metal. Spot gold rose 0.9% to $4,362.39 per ounce, as of 0439 GMT, after scaling another record high of $4,378.69 earlier. U.S. gold futures for December delivery jumped 1.7% to $4,375.50. Bullion has risen about 8.6% this week and is headed for its best week since September 2008, notching a record high in each session. Spot silver rose…
Oil prices edged lower on Friday, heading for a weekly loss of nearly 3%, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. Brent crude futures were down 16 cents, or 0.26%, at $60.90 a barrel at 0645 GMT, while U.S. West Texas Intermediate futures were 15 cents lower, also down 0.26%, at $57.31. This week’s decline was also partly due to the International Energy Agency’s outlook for a growing supply glut in 2026. Trump and Putin agreed on Thursday to…
LONDON (AP) — Pressure mounted Friday on police authorities in the English city of Birmingham to reverse a ban on Maccabi Tel Aviv soccer fans attending a Europa League game at Aston Villa next month over security concerns, a decision that drew condemnation from politicians, sports organizations and Jewish groups.British Prime Minister Keir Starmer said the police recommendation to bar the visiting team’s fans from the Nov. 6 game was “the wrong decision” and that “the role of the police is to ensure all football fans can enjoy the game, without fear of violence or intimidation.”Starmer spokesman Geraint Ellis said…
Mari Energies Limited (MARI) announced on Friday the discovery of oil and gas in Sindh’s Mari Ghazij CF-B1 Well. MARI disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Mari Ghazij CF-B1 well was spud-in on September 12, 2025 and successfully drilled down to the total depth of 1,195 meters into SUL formation,” the company said. Mari Energies announces first gas discovery at Soho-1 well in Sindh In its notice, MARI further said that the well targeted the oil-prone zones within Ghazij formation. “During testing, the well produced 305 barrels per day of oil along…
The Pakistani rupee registered significant gain against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Friday. At 10:20am, the local currency was hovering at 280.90, up by Re0.21 against the US dollar. On Thursday, the local unit closed at 281.11, according to the State Bank of Pakistan (SBP). Globally, the US dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the US economy supported the case for more rate cuts by the Federal Reserve. The dollar index is set for its biggest weekly drop…
Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 281.10, up by Re0.01 against the US dollar. On Thursday, the local unit closed at 281.11, according to the State Bank of Pakistan (SBP). Finance Minister Muhammad Aurangzeb said recent floods, which inundated large swathes of agricultural land in the country, were likely to hit Pakistan’s economic growth. In an interview with Bloomberg News in Washington, Aurangzeb shared that the government’s initial assessments had shown damage to the…
A court in southern Russia convicted 15 captured Ukrainian soldiers on terrorism charges Friday after a trial that Kyiv denounced as a sham and a violation of international law.The military court in Rostov-on-Don sentenced 15 men from the Aidar battalion, which Russia has designated a terrorist group, to prison terms ranging from 15 to 21 years.The verdict marks the second mass trial of Ukrainian prisoners of war since March, when 23 members of the elite Azov brigade were convicted on similar charges in a trial that also was condemned by Ukraine as a violation of international law.When the trial of…
WARSAW, Poland (AP) — A Polish court on Friday blocked the extradition to Germany of a Ukrainian man suspected of involvement in the 2022 attack on the Nord Stream gas pipelines and ordered his release, a ruling that was welcomed by Poland’s prime minister.The 46-year-old suspect, who has been identified only as Volodymyr Z. in line with local privacy rules, was arrested near Warsaw Sept. 30 on a German warrant. German prosecutors have described him as a trained diver and allege that he was part of a group that placed explosives on the pipelines near the Danish island of Bornholm…