Tesla registered 11,134 vehicles in South Korea in March, a 330% increase compared to the same month last year, according to data from market research firm Carisyou cited by Reuters. The result makes Tesla the first imported automotive brand ever to exceed 10,000 monthly sales in the country, a milestone confirmed by the Korea Automobile Importers......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained thin due to public holidays across......
Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not start. Iran effectively closed the strait......
The war in Iran has triggered a cascading energy crisis from Southeast Asia to Europe, with governments imposing fuel rationing, grounding aircraft, and shutting institutions as the closure of the Strait of Hormuz chokes off roughly one fifth of the world's oil and gas supply. Goldman Sachs has described the situation as the "worst......
Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......
Sales of electric vehicles from Tesla have recorded a sharp increase in South Korea, reflecting growing demand and heightened competition in the country’s EV market. According to market data, Tesla’s vehicle registrations surged significantly in March compared to the same period last year. The increase is largely attributed to......
South Korea’s intelligence authorities have indicated that the daughter of North Korean leader Kim Jong Un may be emerging as a likely successor, according to lawmakers briefed on recent findings. Members of parliament reported that the assessment by the National Intelligence Service (NIS) is based on what officials described as “credible......
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