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BYD snaps longest streak of sales declines

BYD snaps longest streak of sales declines BEIJING, June 1 : Chinese electric vehicle giant BYD snapped its longest-ever eight-month sales decline streak in May, despite weakening domestic demand and intensifying competition continuing to weigh on performance.. Vehicle sales globally grew 0.3 per cent from a year earlier to 383,453 units last month, according to Reuters calculations based on a stock filing on Monday. Sales abroad rose 80.4 per cent year-on-year to 160,644 units in May,...

Channel News Asia 9d ago

Starbucks mulls options for Japan business, including stake sale, Bloomberg reports

Starbucks mulls options for Japan business, including stake sale, Bloomberg reports June 9 : Starbucks is weighing options for its Japanese business, including a stake sale, Bloomberg News reported on Tuesday. A stake sale might be valued at ¥400 billion ($2.5 billion) to ¥500 billion, possibly attracting interest from other industry players and private equity firms, the report added, citing people familiar with the matter. Starbucks did not immediately respond to Reuters' request for a...

Channel News Asia 16h ago

Hong Kong retail sales rise 8.6% in April on back of higher visitor arrivals

Hong Kong’s retail sales rose by 8.6 per cent year on year in April, extending the sector’s recovery for a 12th consecutive month, supported by continued growth in visitor arrivals and holiday spending. Provisional figures released by the Census and Statistics Department on Wednesday showed retail sales reached HK$31.4 billion (US$4 billion) in April, compared with HK$28.9 billion a year earlier. Retail sales for the first four months of 2026 rose 11.3 per cent from the same period last year.

South China Morning Post 8d ago

Virginia gun sales spike ahead of July 1 assault weapons ban signed by Gov. Spanberger

Gun sales in Virginia have surged in recent months ahead of a July 1 ban on the sale of assault weapons, according to data from the FBI.Democrat-sponsored bills that would ban the sale of semi-automatic rifles or pistols that have a magazine capacity of more than 15 rounds were introduced in the legislature in January and Gov. Abigail Spanberger signed it into law last month. Since January, the number of background checks done for the purchase of a firearm has gone up exponentially, with...

Fox News 4d ago

Home sales surged in May to the highest level since December

Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Economists were expecting less than a 1% gain.

CNBC 1d ago

When is Amazon Prime Day 2026? The official dates, plus more about the 4-day sale

It’s official: Amazon Prime Day 2026 is happening from June 23 to 26. The Prime member-exclusive sale typically offers some of the lowest prices of the year on thousands of products across categories like tech, clothing, beauty, kitchen and more, and you can save on essentials like groceries and household staples too. To help you plan for the sale, I answered some important questions below — this is my seventh year covering Prime Day, so I know all the ins and outs, and I’ve been talking to...

NBC News 8d ago

Electric vehicle sales in Australia hit new high in May

Electric vehicle sales in Australia hit new high in May Wed 3 Jun 2026 at 6:09pm In short: One in five vehicles sold in Australia in May was an EV, a new monthly sale record. EVs, along with hybrids and plug-in hybrids, accounted for nearly half of all vehicles sold last month. Experts say the war in Iran and petrol price surge helped spur on some consumers but a broader market change is well underway.

ABC Australia 7d ago

SMFG aims to double sales and trading revenue to $5 billion, markets head says

SMFG aims to double sales and trading revenue to $5 billion, markets head says TOKYO, June 4 : Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals. Rising interest rates, currency swings and record stock prices in Japan are driving demand for trading products, said Arihiro Nagata, head of SMFG's global...

Channel News Asia 6d ago

Tesla marks UK sales milestone as fierce competition looms

Tesla marks UK sales milestone as fierce competition looms UK motorists have turned to electric vehicles as fuel prices soared - Bookmark - CommentsGo to comments Tesla has announced it delivered its 300,000th vehicle in the UK last month, coinciding with a significant surge in electric car sales. The US manufacturer confirmed this milestone was reached with a Model 3 delivered in Manchester on 30 May, a decade after its first UK delivery in 2014. Company figures indicate 2,897 UK deliveries...

The Independent UK 7d ago

Anti-electric car Donald Trump sparks boom in UK EV sales over Iran war petrol price rises

Anti-electric car Donald Trump sparks boom in UK EV sales over Iran war petrol price rises EXCLUSIVE: Donald Trump's war in Iran has helped drive an electric car boom in the UK, new figures show - with Chinese EVs proving a hit among British drivers tired of rising prices at the pump Electric cars are driving Britain's biggest boom in motor sales since the pandemic - and Donald Trump's war in Iran is one of the big reasons buyers are ditching petrol vehicles. New figures show 160,662 new...

Daily Mirror 6d ago