Sales of electric cars charge ahead in Europe

Electric cars – key to reducing emissions and meeting climate change goals – have boosted their market share in Europe, data showed this week, as the region prepares to abandon petrol and diesel. Battery electric vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European […]

Middle East construction trade show Big 5 makes in-person return to Dubai

Dubai: The region’s most prominent construction industry event, the Big 5, is all set to return to the Dubai World Trade Centre (DWTC) from the September 12 to 15. It will be the only live in-person event to connect the global construction industry this year and will play a crucial role in driving economic recovery […]

Tesla’s quarterly profits drive past $1b mark for first time

New York: US electric carmaker Tesla reported its first-ever quarterly profit above $1 billion as it reiterated its 2021 production targets despite supply chain upheaval. Profits surged to $1.1 billion in the quarter ending June 30, up from $104 million in the year-ago period as revenues nearly doubled to $12 billion. The fast-growing automaker led by […]