Economics

Earlier this week, we wrote a story on how Tesla is launching a new Supercharging Queue system to mitigate problems between drivers when there is a wait to charge.

BYD shares rose on Wednesday after China’s top electric vehicle maker clocked slightly better-than-feared earnings in the first quarter, while improving exports also offset steep declines in its domestic market.

Parcel delivery giants FedEx (FDX.N), opens new tab and UPS (UPS.N), opens new tab said on Tuesday they would return any tariff refunds to customers ​as the U.S. government begins to return the illegally collected ‌levies.

Croatia and Bosnia on Tuesday signed an agreement to construct a major gas pipeline supported by investors linked to US President Donald Trump, with the goal of reducing Sarajevo’s dependence on Russian gas.

 The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and ​their de facto leader, Saudi Arabia, at a time when the Iran ‌war has caused a historic energy shock and unsettled the global economy.

General Motors raised its 2026 outlook after significantly beating Wall Street’s first-quarter earnings expectations, supported by a roughly $500 million benefit linked to a U.S. Supreme Court decision ending and refunding certain levies paid under President Donald Trump’s tariffs.

United Parcel Service (UPS) reported first-quarter earnings on Tuesday that beat Wall Street expectations on both the top and bottom lines.

The Beijing Auto Show, which opened to the public this week, highlights how intense competition in China has pushed new car prices in the world’s largest auto market down to a fraction of those in the United States.