World News
Tesla Loses Top EV Crown as BYD Sales Surge
Tesla has reported weaker-than-expected vehicle deliveries for the fourth quarter of 2025, relinquishing its position as the world’s largest electric vehicle maker by annual sales to China’s BYD.
The US-based automaker delivered 418,227 vehicles in the final three months of the year, bringing its total sales for 2025 to approximately 1.64 million electric vehicles. The figure fell short of market expectations, with analysts surveyed by FactSet projecting fourth-quarter deliveries of about 449,000 units.
A day earlier, Shenzhen-headquartered BYD announced it had sold 2.26 million electric vehicles in 2025, comfortably overtaking Tesla and consolidating its dominance in the rapidly expanding global EV market. The Chinese manufacturer, which also produces hybrid vehicles, recorded a sharp rise in revenue during the year as it accelerated its international expansion.
Industry analysts say Tesla’s performance has been weighed down by multiple factors, including a cooling of EV demand in the United States following the expiration of the $7,500 federal tax credit at the end of September 2025. Observers note that the market is still adjusting to the policy shift, which has dampened consumer incentives for new EV purchases.
Tesla has also faced headwinds in key markets amid growing competition from Chinese manufacturers such as BYD, as well as established European automakers. In addition, the company’s sales momentum has been affected by political controversies surrounding Chief Executive Officer Elon Musk, including his public support for US President Donald Trump and other far-right political figures.
BYD’s latest sales figures underscore the intensifying rivalry in the global electric vehicle sector, as Chinese manufacturers continue to gain ground through aggressive pricing, expanding model ranges, and sustained investment in battery technology.
World News
North Korea Launches Ballistic Missiles Toward Sea of Japan
North Korea fired at least two ballistic missiles into the Sea of Japan on Tuesday, Japanese and South Korean authorities confirmed, marking the country’s second missile test this month.
The launch came a day after a senior Pentagon official visited Seoul and praised South Korea as Washington’s “model ally.”
The Japanese Coast Guard, citing the Ministry of Defence, reported that the missiles were detected heading toward the Sea of Japan and landed outside Japan’s Exclusive Economic Zone. South Korea’s Joint Chiefs of Staff similarly confirmed that multiple ballistic missiles were fired toward the East Sea.
Analysts say Pyongyang has stepped up missile testing in recent years to enhance its precision strike capabilities, challenge Washington and Seoul, and evaluate weapons for potential export to Russia.
The tests follow increased military tensions on the peninsula, including joint US-South Korea exercises, which North Korea regularly condemns as preparations for invasion. Last month, North Korean leader Kim Jong Un criticized South Korea’s plan to develop nuclear-powered submarines with US support, describing it as a “threat” that must be countered.
The missile launches underscore ongoing regional security concerns, as the United States continues to station approximately 28,500 troops in South Korea to deter aggression from the nuclear-armed North.
World News
Trump Threatens Canada With 100% Tariff Over China Trade Deal
United States President Donald Trump has warned Canada that it will face a sweeping 100 per cent tariff on all exports to the United States if it proceeds with a proposed trade agreement with China, escalating already strained relations between the two North American neighbours.
The warning followed recent comments by Canadian Prime Minister Mark Carney, who during a visit to Beijing last week announced what he described as a “new strategic partnership” with China, resulting in a preliminary trade agreement aimed at reducing tariffs. Trump reacted sharply, cautioning that any move positioning Canada as a gateway for Chinese goods into the US market would attract severe economic consequences.
In a post on his Truth Social platform, Trump said Canada would be “sorely mistaken” if it believed it could serve as a transit hub for Chinese products entering the United States. He further claimed that China would “completely devour” Canada’s economy, businesses and social fabric if such a deal were pursued. According to him, the conclusion of a Canada–China trade pact would trigger an immediate 100 per cent tariff on all Canadian goods crossing into the US.
Trump also referred to Carney as “Governor,” a recurring jibe reflecting his repeated suggestion that Canada should become the 51st state of the United States. The US president recently amplified that rhetoric by sharing a social media image depicting Canada, Greenland and Venezuela covered by the American flag.
Diplomatic tensions have intensified in recent days following Carney’s speech at the World Economic Forum in Davos, where he warned of a “rupture” in the US-led global order, remarks widely interpreted as a veiled criticism of Trump’s foreign policy posture. Trump responded a day later with a speech of his own and subsequently withdrew an invitation previously extended to Carney to join his so-called “Board of Peace,” an initiative initially framed around post-war Gaza but now seen as having broader ambitions.
Trump went further by asserting that Canada’s survival depends on the United States, telling Carney to “remember that” when making public statements. The Canadian prime minister rejected the claim, responding that Canada does not exist because of the United States but thrives because of its own national identity, while still acknowledging the longstanding partnership between both countries.
The dispute comes against the backdrop of deep economic interdependence. More than 75 per cent of Canadian exports are destined for the US market, making Canada particularly vulnerable to trade disruptions. Key sectors such as automobiles, aluminum and steel have already been affected by Trump’s global tariffs, though the impact has been partially softened by existing North American free trade arrangements.
Negotiations to revise the current trade framework are expected to begin later this year, with Trump repeatedly insisting that the United States does not require Canadian products—an assertion that analysts warn could have far-reaching consequences for Canada’s economy.
Despite the rising tensions, the United States, Canada and Mexico are jointly scheduled to host the World Cup later this year, underscoring the complexity of a relationship increasingly defined by sharp rhetoric alongside enduring economic and logistical cooperation.
World News
Turkey, Saudi Arabia Accept Invitation to Join Trump’s ‘Board of Peace’
Turkey, Saudi Arabia and several other predominantly Muslim nations have agreed to join the United States–backed Gaza “Board of Peace,” following an invitation from U.S. President Donald Trump.
In a joint statement, the foreign ministers of Turkey and Saudi Arabia, alongside their counterparts from Jordan, Indonesia, Pakistan, Qatar and the United Arab Emirates, confirmed their countries’ collective decision to participate in the initiative. Egypt and Pakistan had earlier announced their involvement separately.
The ministers reiterated their commitment to supporting the mandate of the Board of Peace as a transitional administrative authority for the Gaza Strip. They said the board’s mission is outlined in the Comprehensive Plan to End the Gaza Conflict and has received backing through United Nations Security Council Resolution 2803.
So far, invitations have been extended to 60 countries as part of what is described as the second phase of President Trump’s peace plan for Gaza, much of which has been devastated by the prolonged conflict between Israel and the Palestinian militant group Hamas.
However, several European countries, including Germany and France, have adopted a cautious stance toward the initiative.
Diplomats familiar with the board’s charter have described it as a direct challenge to the United Nations, an institution President Trump has frequently criticised as ineffective. There are also indications that the U.S. administration may seek to broaden the board’s scope beyond Gaza to address global crises and conflicts.
