Tesla has sold more cars in Norway in 11 months than any other brand in a whole year, according to statistics published on Monday, in contrast to the rest of Europe where the electric car brand run by Elon Musk has faced headwinds. In Norway Tesla has sold nearly 29,000 cars since January, surpassing the record of any brand for an entire year.
German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delayed aircraft deliveries, as a post-pandemic rebound petered out. It also pointed to problems caused by "significantly higher costs, especially in Germany" as well as "further delays in aircraft deliveries".
Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada. Wednesday's tariff delay buoyed global markets and lifted the auto sector, with stocks in Hong Kong, Tokyo and Seoul also climbing Thursday morning.
Massive German spending pledges and uncertainty caused by US trade policy are fuelling expectations the European Central Bank could on Thursday signal that a pause in interest rate cuts is in sight, analysts said.
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