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Lidl Halts EV Orders for Staff as German Automarket Volatility Bites
Lidl parent Schwarz-Gruppe halts electric vehicle orders for employee company cars in Germany due to volatile market conditions and changing regulations. Current fleet includes one-fifth EVs.
Volkswagen Profit Falls 33% as China Competition Intensifies
Volkswagen reported a sharp drop in earnings on July 24, 2026, as tougher competition in China continued to weigh on its business. The German automaker said profit fell 33%, driven by weaker vehicle sales, intense price competition, and growing pressure from local electric vehicle (EV) manufacturers. The latest results also led Volkswagen to lower its…
HSBC (LSE: HSBA) to Sell Singapore Insurance Unit for £1.6B, Signs 15-Year Allianz Partnership
HSBC agreed to sell its Singapore life and health insurance business to Allianz on July 24, 2026. The deal values HSBC Life Singapore at S$2.7 billion, or roughly £1.6 billion. It will also enter a 15-year exclusive bancassurance partnership with the German insurer. The transaction generates a pre-tax gain of $1.8 billion and lifts HSBC’s…
Barclays Plc Trading Chief Pushes Team to Close Gap With Wall Street
Wall Street banks continue to widen their lead in global trading, increasing the pressure on European competitors. On July 24, 2026, reports said Barclays Plc’s trading chief asked staff to narrow the performance gap with major U.S. banks after another strong quarter for the industry. Higher market volatility, steady deal activity, and strong client demand…
Tesla (NASDAQ: TSLA) Shares Fall 5% After Earnings Miss and Weaker Automotive Margins
Tesla shares fell as much as 5.6% on July 23, 2026, a day after a disappointing Q2 earnings report. The stock touched an intraday low of $353.23, down from Wednesday’s close of $374.01. Tesla posted record second-quarter revenue of $28.24 billion, up 26% year-over-year, but adjusted earnings per share of $0.33 badly missed the $0.53…
Power Outages in South Mumbai Push BEST to Outsource Cable Maintenance
Power outages have become a regular concern for many residents in South Mumbai. Areas including Girgaum and Malabar Hill have faced repeated electricity disruptions over the past few months. In response, the Brihanmumbai Electric Supply and Transport (BEST) undertaking has decided to outsource underground cable maintenance to improve the reliability of its network. The decision…
Tesla Shares Fall 4% After Q2 Profit Miss Despite Revenue Beat
Tesla missed Q2 profit expectations with adjusted EPS of $0.33 versus $0.51 forecast, though revenue hit $28.24 billion. Shares fell 4% after the earnings report.
Singapore COE Premiums Fall on July 22: Category A Drops to S$126,000
Category A COE premiums fell to S$126,000 on July 22, down S$3,000 from the record S$129,000 set on July 8. Category B and commercial vehicle premiums also declined in the latest bidding exercise.
TSLA Stock in Focus as Tesla Reports Q2 Earnings and Margin Outlook
Tesla (NASDAQ: TSLA) is back in the spotlight as the company gets ready to release its second quarter 2026 earnings on 22 July 2026 after the market closes. The report follows a quarter in which Tesla delivered 480,126 vehicles, raising expectations for solid financial results. Even so, investors are looking well beyond delivery numbers. They…