Author: OMN AI
OMN AI
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China’s BYD is reaching a historic turning point. The company is set to overtake Tesla as the world’s largest electric vehicle seller. This would mark the first annual sales victory over its US rival. BYD reported strong results on Thursday. Sales of battery powered vehicles rose nearly 28 percent last year. Global deliveries exceeded 2.25 million cars. Tesla will release its full 2025 sales figures later on Friday. Analyst estimates already suggest a clear gap. They indicate Tesla sold roughly 1.65 million vehicles during the year. Tesla Struggles With Rising Competition Tesla faced a challenging year across major markets. Buyers…
Global oil prices fell nearly 20% in 2025, the sharpest annual drop since 2020.It marked the third consecutive year of losses for the oil market. Analysts blame persistent oversupply despite conflicts in major energy regions.Crude production continues to exceed global demand by a wide margin. International Energy Agency estimates supply will beat demand by 3.8 million barrels a day this year.Opec has delayed output increases, but excess supply remains. Brent crude ended the year near $61 a barrel, down from about $74 a year earlier.US oil prices recorded a similar decline. Weak economic growth and trade tensions have reduced demand,…
Photographers have captured charming images of grey seal pups at Donna Nook Nature Reserve on the Lincolnshire coast.Each year, hundreds of visitors travel to the reserve near Louth to watch the pupping season. Grey seal pups are usually born between October and December.This year, 1,924 pups were recorded at the site. That figure is 274 higher than last year, which saw a notable decline.Lincolnshire Wildlife Trust said all adult seals have now returned to sea. Twelve pups were still visible from the viewing area earlier this week.
Gold and silver closed the year with intense volatility following an unprecedented surge. Both metals recorded their strongest annual gains since 1979. Trading remained unsettled in the final sessions. Investors reacted to interest rate expectations, geopolitical tensions, and fragile financial markets. Gold prices rose more than 60 percent over the year. The metal hit a record high above 4,549 dollars per ounce. Prices slipped after Christmas. Gold traded near 4,330 dollars per ounce on New Year’s Eve. Silver mirrored gold’s volatility. The metal traded around 71 dollars per ounce at year end. Earlier in the week, silver reached an all-time…
Energy Fuels has signed long-term supply contracts with U.S. nuclear utilities, exceeding its revenue guidance and signaling strength in the clean energy materials sector. The agreements secure a steady demand for uranium, positioning the company for continued growth. The contracts, covering multiple years, ensure a reliable supply of nuclear fuel to utilities across the United States. This long-term commitment underscores Energy Fuels’ role as a key supplier in the domestic nuclear energy market. Financially, the deals have already contributed to stronger-than-expected performance. The company reported results that surpassed previous guidance, reflecting both contract volume and favorable pricing. Investors responded positively,…
Meta has finalized the acquisition of the Chinese-founded AI start-up Manus. The company aims to boost its technology and expand AI capabilities. Meta said the deal will strengthen products for both consumers and businesses. Analysts estimate a multi-billion dollar deal Bloomberg and The Wall Street Journal valued the acquisition at more than two billion dollars. Meta has not publicly confirmed the financial terms. The purchase highlights Manus’s strategic importance to Meta. AI agents take center stage Meta said the acquisition will expand access to advanced digital agents. These tools can plan trips, build presentations, and complete complex tasks. Meta emphasized…
West Ham United are preparing an opening bid for Jørgen Strand Larsen as they battle relegation.Manager Nuno Espírito Santo wants attacking reinforcements in January. Wolverhampton Wanderers are believed to value Strand Larsen at around £40m.The 25-year-old has scored three league goals this season for the bottom-placed club. Strand Larsen impressed after joining from Celta Vigo in 2024, scoring 14 goals last season.His form previously attracted interest from Newcastle United. West Ham sit 18th and see a new striker as crucial to survival.They may loan out Niclas Füllkrug and currently rely on Callum Wilson. Nuno has also explored other options but…
Ukraine rejected Russian accusations of a drone attack on one of President Vladimir Putin’s residences. President Volodymyr Zelensky said Moscow spread false claims to disrupt peace efforts. He accused Russia of creating a pretext to escalate military actions. Ukrainian officials confirmed no such strike occurred. Russia Alleges Large-Scale Drone Attack Russian Foreign Minister Sergei Lavrov said Ukraine launched 91 long-range drones overnight. He claimed the drones targeted Putin’s state residence in the Novgorod region. Russian authorities did not disclose Putin’s location during the alleged attack. Moscow said it would reconsider its stance in peace negotiations. Zelensky Calls Allegation a Lie…
Donald Trump and Volodymyr Zelensky said talks in Florida advanced efforts to end the Ukraine war. Trump said several difficult issues still block a final agreement. Both leaders described the discussions as productive and constructive. Trump said territorial disputes remain the central obstacle. Russia continues to press Ukraine for additional land. Territorial issues remain key Speaking at Mar-a-Lago, Zelensky said negotiators agreed on ninety percent of a twenty point peace plan. Trump said talks nearly completed security guarantees for Ukraine. He estimated progress at roughly ninety five percent. Zelensky confirmed that negotiations would continue next week. Ukrainian and American teams…
Louis Gerstner, the executive credited with reviving IBM, has died aged 83.The company confirmed his death on Sunday. Gerstner led IBM from 1993 to 2002, when the company faced declining relevance.Rivals such as Microsoft and Sun Microsystems were eroding its dominance. As IBM’s first external chief executive, Gerstner rejected plans to break up the firm.He argued customers wanted integrated solutions rather than fragmented technology. IBM’s current chief executive Arvind Krishna said that decision proved vital to survival.He described Gerstner as focused on future client needs rather than past success. IBM had lost ground in personal computing despite inventing the PC.Gerstner…