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Tesla EU sales slump 52% in April: trade group
Tesla EU sales slump 52% in April: trade group
Economy
by  AFP

Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday. The European Automobile Manufacturers' Association (ACEA) said Tesla sales in April fell to 5,475 cars, down 52.6 percent from the same month last year.

Developing nations face 'tidal wave' of China debt: report
Developing nations face 'tidal wave' of China debt: report
Economy
by  AFP

The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.

Fire halts production at Ecuador's biggest oil refinery
Fire halts production at Ecuador's biggest oil refinery
Economy
by  AFP

A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility. - Fuel supply 'guaranteed' - Petroecuador, which operates the facility, did not specify the amount of fuel that was in the tank when the fire broke out.