DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
Taiwan Mangoes Head to Europe as Premium Fruit Exports Expand 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Tesla’s car sales in Europe and the UK tumbled in January, facing mounting competition from Chinese automakers and European brands expanding their EV lineups. New Tesla registrations in the EU, the UK, and the European Free Trade Association fell 45.2% year-over-year to 9,945 units, cutting its market share from 1.8% to 1%, according to data from the European Automobile Manufacturers' Association.
The drop came amid a 2.1% overall decline in new car registrations in the region, with major markets like France, Italy, and Germany seeing lower sales. However, battery EVs gained momentum, increasing their market share to 15% from 10.9%, as BEV sales surged 34% to 124,341 units. Meanwhile, petrol car registrations slumped 18.9% to 290,301 units.
Despite growing EV demand, Tesla struggled to capitalize. Volkswagen saw a 14.9% rise in sales, driven by its expanding EV lineup, while Toyota’s Lexus division and Renault also recorded gains. Chinese automaker SAIC Motor Corp surged 37% in sales, securing a 2.3% market share, outpacing Tesla.
Tesla’s steep decline highlights rising competition, particularly from hybrid vehicles and aggressive pricing strategies by Chinese EV makers. The company posted its first-ever annual decline in deliveries in 2024, with sales potentially impacted by brand image concerns linked to CEO Elon Musk.
