Takaichi Says 100% of Japan’s Oil Supply to Avoid Hormuz in July

China’s BYD claims Germany’s plug-in hybrid crown, disrupting market of iconic auto giants

One out of every seven plug-in hybrid vehicles registered in Germany in May came from BYD, as the Chinese carmaker’s registrations surged 232 per cent in Europe’s largest auto market from a year earlier. With 6,169 vehicles registered there in May, BYD held a 2.6 per cent share of Germany’s new-car registrations, according to data from the country’s Federal Motor Transport Authority. Of those, 4,290 were plug-in hybrids, led by the Atto 2 DM-i with 2,113 registrations – the top-selling...

World Bank Warns Iran War Is Slowing Global Growth

An explosion after U.S.-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertilizer prices to gyrate for months.

World Bank Says Two-Thirds of Economies Face Hit From Iran War

Paper plant closure fears spark community protest

Workers and families held a demonstration with 167 jobs at risk at the site in Launceston.