After pushing its market value up by 550 billion dollars this year Tesla's quarterly earnings report is out and it's a roller coaster ride of surprises and challenges alike. Despite facing increasing competition and a challenging economic climate Tesla managed to beat profit estimates but the company's automotive gross margin has witnessed a significant drop compared to the previous year.

Tesla's profit margin suffers amid price wars

The latest International Energy Agency (IEA) report said over 10 million electric cars were sold last year. That is a 55% increase from 2021. For more details, watch the video.

Record sales of electric cars in 2022

They say love doesn't come with a price tag however, Americans beg to differ. The projected Valentine's Day spending amounts to nearly 26 billion dollars. The National Retail Federation survey states that the predicted sales for the upcoming Valentine's Day will likely touch 25.9 billion dollars which would be 2 billion dollars higher than the previous year.

World Business Watch | US: Predicted sales for V-day to exceed the previous year by $2 BN

Registering acceleration and shift from China's geopolitical tensions on the rise; India has exported more than $2.5 billion worth of iPhones from the country in the period from April to December last year. This is twice the previous fiscal year's total.

Apple's iPhone exports from India surpass $2.5 billion

Sales of new U.S. single-family homes rose for a second straight month in November. Americans took advantage of a retreat in mortgage rates and incentives from desperate builders. Watch further to know more.

World Business Watch: Sales for new home continues to rise in U.S for second straight month

Celebrated a day after Christmas, Boxing day, despite what the name suggests has nothing to do with the sport. The holiday which began as a day to give gifts to the poor is now celebrated as a ‘shopping holiday’.

What is Boxing day and how is it celebrated? All you need to know

A new report says that arms sales increased by 1.9% in 2021. The war in Ukraine, and sanctions on Russia could slow down growth in 2022. Priyanka Sharma tells you more

Gravitas: Global arms sales grow for 7th straight year

Cyber Monday is expected to remain the year’s biggest online shopping day as the spending is estimated to hit a record of $11.6 billion. Brands have introduced massive discounts on all products to tempt shoppers. Watch this report.

World Business Watch | Cyber Monday sales estimated to hit $11.6 billion

The latest indication that the e-commerce behemoth is starting to pare down experimental initiatives amid sluggish sales growth is Amazon's decision to halt tests of its home delivery robot.

Amazon shutting down tests of home delivery robot 'Scout' amid slowing growth

Parts shortage has hit the auto industry in Russia. Russia's car sales are expected to halve in 2022. May car sales slid 83.5% year on year.

Russia's car sales to halve in 2022 as the auto industry grapples with supply issues

Canadian Prime Minister Trudeau has proposed to ban gun sales after US shooting incidents. However, Canada sees a surge in handgun sales as Canadians rush to buy guns before the new law is implemented.

Canada sees a surge in handgun sales as Canadians rush to buy guns before the new law is implemented

The number of new cars sold in Europe has declined for the 10th month in a row as supply chain issues continue to take a heavy toll on car manufacturing.

EU car sales are on a tight leash as sales drop for the 10th month in a row

Apple Inc on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.

Apple sees bigger supply problems after strong start to year

India's insurance giant LIC has been reduced by 50 in size but it is still the biggest stake sale in India's stock listing history. As per the details announced yesterday, LIC IPO will be worth nearly 21,000 crore rupees or 2.7 billion dollars it will hit primary market on May 4.

LIC IPO: India's insurance giant has biggest stock sale in India

Chinese social media and gaming giant posted its slowest ever growth since going public in 2004. The company grew just 8 per cent in the fourth quarter. This is reflecting regulatory scrutiny which has affected that has hurt its gaming and advertising sales.

Tencent posts slowest-ever sales rise; regulation impact set to ease

At a time when numerous companies faced supply chain issues or registered losses due to various factors triggered by the pandemic, it seems some firms have done exceptionally well beyond expectation.

For first time in its 117-year history, luxury carmaker Rolls-Royce saw record sales in 2021

Electric vehicles have started dominating Norway's car market as it aims to become 1st nation in the world to end cars that run on petroleum fuels.

Electric cars hit record sales as Norway on the way to become 1st nation to end fuel cars

Amid the ongoing semiconductor shortages globally, Toyota dethrones GM after nearly a century as it sells 2.332 million vehicles in the US in 2021.

Toyota dethrones GM after nearly a century as it sells 2.332 million vehicles in the US in 2021

Europe has been increasingly adopting vehicles, which run on cleaner fuel. This has proven true as the sales of electric vehicles (EV) and plug-in hybrids have outpaced the diesel cars in the continent last month.

For the first time, sales of electric vehicles beat diesel cars in Europe

A famous Chinese online influencer was slapped with a $210 million fine for alleged tax evasion, according to Chinese authorities. Huang Wei, also known as Viya, is an internet celebrity with millions of followers.

Top Chinese online influencer fined $210 million for tax evasion

Supply chain disruptions and booming demand for consumer electronics have led to an acute shortage of semiconductors. Automakers globally have been forced to make sharp production cuts this year.

Automakers globally have been forced to make sharp production cuts this year

The battle for putting an end to the sale of cigarettes in Australia has been ensuing for a long time. In the latest development, leading public health researchers have said that the governments must set a date for banning the sale of cigarettes through retailers, including supermarkets.

Set a date to ban cigarette sales in Australia, urge public health researchers

The United States on Tuesday banned ticket sales for air travel to and from Belarus, acting after Minsk forced a Ryanair flight to land and arrested a dissident journalist aboard.

US bans ticket sales for passenger flights to Belarus

German carmaker Volkswagen will stop selling combustion engines cars in Europe by 2035 as it shifts to electric vehicles, but later in the United States and China, a board member was quoted as saying on Saturday.

Volkswagen to end sales of combustion engines in Europe by 2035

sales

Sales, News on Sales, stories on Sales, articles on Sales, Sales stories at Wion, Sales news, Sales latest news