AK-47 to LWRC M6: Houthi's peddling US, Russian weapons on X, WhatsApp; chilling details exposed
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United News of India
12 minutes ago
- United News of India
Hungarian FM Peter Szijjarto accuses Ukraine of undermining Central Europe's energy security by blocking gas transits
Budapest, July 24 (UNI) Taking a jab at Ukraine once again, Hungarian Foreign Minster Peter Szijjarto has accused the country of undermining the energy security of Central Europe, through its recent actions which include the blockage of gas transits from its territory, threatening energy supplies throughout the region. In an interview with Russian state media TASS, Szijjarto said 'The TurkStream pipeline is working on full capacity not without a good reason. We have a long- term contract, plus we buy on spot basis, plus Slovakia buys its gas now through Hungary because Ukraine was 'kind enough' to lock down transit through its own territory, endangering the energy safety of supplies in the Central European region.' Stating that Kyiv's calls for solidarity with Europe are made more questionable by such actions, he added 'So when we speak about solidarity, I'm not quite sure that we understand the same definition under that on both sides of the border.' Hungary has long been opposed to Ukraine's bid for joining the EU, stating that Budapest will not allow itself to be dragged into a war with Russia by allowing Kyiv to join the bloc. It has also been one of the few countries which has refused to supply any military equipment to Ukraine, or cut its ties with Moscow. Rather, it has become even closer to Russia, as Budapest is joining the country in construction of new gas pipelines, much to the opposition of Brussels which is seeking to cut its reliance on Russian energy. Slovakia has insisted on maintaining the transit of Russian gas through Ukraine, whose authorities stopped supplies at the beginning of this year. As such, Bratislava currently receives energy raw materials from Russia via the TurkStream pipeline, though their volume is less than half of the republic's gas imports. UNI ANV
Time of India
17 minutes ago
- Time of India
Chai, Chequers aur CETA: When Modi & Starmer stirred up blockbuster deal over 'Chai Pe Charcha'
" Chai Pe Charcha " went international on Thursday as Prime Minister Narendra Modi shared a warm tea moment with UK Prime Minister Keir Starmer at the historic Chequers residence. But it wasn't just about the tea, it marked the beginning of a major new chapter in India-UK relations . Taking to X (formerly Twitter), PM Modi posted a photo from their tea session and wrote: ''Chai Pe Charcha' with PM Keir Starmer at stronger India-UK ties!' Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Project Management Leadership Finance healthcare Management Healthcare Digital Marketing Degree Data Science Artificial Intelligence Design Thinking MBA Technology PGDM Others Public Policy Cybersecurity Operations Management CXO Product Management Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details PM Modi thanked Starmer for the hospitality, saying their discussions reflected a shared commitment to strengthening bilateral ties . And there was more than just small talk, the two leaders witnessed the signing of the long-anticipated India-UK Free Trade Agreement (FTA), officially called the Comprehensive Economic and Trade Agreement (CETA). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Treatment That Might Help You Against Knee Pain Knee pain | search ads Find Now Undo Why the FTA matters PM Modi described the deal as a 'new chapter' in the partnership. He said it would open up new opportunities in sectors like textiles, footwear, marine products, auto parts, jewellery, and services, giving a boost to MSMEs, women, youth, and farmers alike. The deal is also expected to help India become a bigger player in global manufacturing, and give Indian consumers access to high-quality UK goods at better prices. Live Events In his official statement, Modi said, 'The India-UK CETA will add momentum to the ' Make in India ' mission and enhance export promotion. This agreement reflects our joint vision of inclusive growth and economic cooperation.' Inputs from agencies
Time of India
29 minutes ago
- Time of India
Tesla drops 9% after earnings miss — Elon Musk loses $12 billion amid historic revenue decline
Tesla Stock Drops Sharply After Q2 Earnings Disappoint - Tesla shares dropped nearly 9% on Wednesday after the electric vehicle giant released its second-quarter earnings report, which showed a 12% year-over-year revenue decline—its steepest drop in over a decade. The company reported $22.5 billion in revenue, missing Wall Street expectations and raising concerns about the company's short-term growth outlook. This unexpected earnings miss sent ripples through the market, with Tesla's stock value plummeting and investors re-evaluating the company's near-term strategy. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Cybersecurity PGDM Technology Project Management MCA Others Design Thinking Leadership Healthcare CXO Public Policy Operations Management Data Analytics Finance Degree Data Science Digital Marketing Data Science Product Management healthcare Management others Artificial Intelligence Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Current price: $302.17, down ~9% from yesterday's $332.56 close Day's range: $301.34 – $314.52 Trading volume: ~82.9 million shares Open price: $309.75 Elon Musk's Net Worth Drops by $12 Billion in a Day As Tesla's shares took a nosedive, CEO Elon Musk's personal wealth dropped by approximately $12 billion, making it one of the sharpest single-day losses for the billionaire this year. Musk, who holds a large portion of his wealth in Tesla stock, has seen growing volatility in his net worth as the company faces multiple challenges—ranging from slowing demand to regulatory hurdles and intensifying competition. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Key Financial Highlights from Tesla Q2 2025 Earnings Revenue : $22.5 billion, down 12% YoY Net Income : Estimated at $1.2–1.4 billion (down 16–23%) Earnings Per Share (EPS) : $0.40, below analyst estimates Regulatory Credits : $439 million, nearly half of last year's $890 million Free Cash Flow : Turned negative this quarter Margins : Compressed due to increased pricing pressure and production costs Tesla also reported a sharp drop in vehicle deliveries, particularly in Europe, where deliveries were down 47%. The global delivery count also declined by approximately 13–14%, further compounding investor worries. Elon Musk Warns of 'Rough Quarters' Ahead During the earnings call, Elon Musk warned shareholders that Tesla could face 'a few rough quarters' as the company navigates a challenging global environment. Contributing factors include: Live Events The expiration of U.S. EV tax credits in Q3 Rising tariffs on EV imports/exports Increased price competition from Chinese automakers like BYD Falling revenue from regulatory credits Despite these setbacks, Musk remained optimistic about Tesla's long-term potential, emphasizing investments in AI, robotics, and autonomous technology. What's Hurting Tesla's Growth in 2025? Tesla's revenue decline reflects deeper challenges facing the electric vehicle market in 2025: Demand for EVs is softening in key regions like the U.S. and Europe. Interest rates remain high, dampening auto sales across the board. Cheaper EVs from China are flooding the global market, squeezing Tesla's margins. Tesla has yet to deliver its promised affordable EV model, expected in late 2025. The company is also grappling with increased scrutiny over its Full Self-Driving (FSD) software and delays in mass production of its Optimus robot and robotaxi fleet. Tesla's New Focus: Robotaxis and AI Despite poor financial performance, Tesla is doubling down on innovation. Musk highlighted progress in: Robotaxi trials in Austin, with plans to expand in Florida, Nevada, and California. Advancements in the Optimus humanoid robot, which Musk believes could eventually surpass Tesla's car business in value. The upcoming affordable EV model, expected to enter production by late 2025 or early 2026. Musk continues to push the narrative that Tesla is more than a car company—it's a technology and robotics company with AI at its core. Tesla Stock Outlook: Should Investors Be Worried? Following the earnings report, many analysts revised their short-term outlook on Tesla. Some noted that while the company's fundamentals remain strong in areas like innovation and battery tech, short-term earnings pressure is unavoidable. Key risks for investors include: Persistent margin pressure Delays in launching the next-gen EV Macroeconomic headwinds Competition from legacy automakers and startups However, Tesla bulls argue that long-term bets on autonomy and robotics could pay off if the company executes well. Tesla Stock Performance Today (July 24, 2025) Current Price: $302.17 Price Change: Down by $30.39 (Approx. -9%) Previous Close: $332.56 Opening Price: $309.75 Day's High: $314.52 Day's Low: $301.34 Trading Volume: Over 82.9 million shares Market Sentiment: Negative due to earnings miss and profit drop What's Next for Tesla? Tesla is betting big on its future, and the next few quarters will be pivotal. Key developments to watch include: Official launch of the robotaxi program Production timeline for the low-cost EV model Updates on FSD v12 rollout and regulatory approvals Progress in Optimus robot testing and deployment Despite the current downturn, Tesla's bold vision keeps it in the spotlight as a key player in shaping the future of mobility and automation. Tesla's 9% stock plunge and $12 billion hit to Elon Musk's wealth underline the seriousness of the challenges the company is facing in 2025. With revenue sliding, deliveries falling, and margins squeezed, Tesla is at a crossroads. But with innovation in AI, robotics, and autonomy still in motion, the next chapter for Tesla could be as disruptive as its first. FAQs: Q1: Why did Tesla stock crash after Q2 2025 earnings? Tesla stock fell 9% due to weak revenue, lower profits, and declining EV sales. Q2: How much did Elon Musk lose after Tesla's earnings report? Elon Musk lost $12 billion after Tesla's stock drop.
