The redesigned Tesla Model Y crossover that dropped earlier this month has got some heavy lifting to do. While Tesla CEO Elon Musk has been extremely online when he’s not wheeling and dealing at Mar-a-Lago with President Donald Trump, his automaker’s core business has faltered. After years of epic growth, Tesla’s global deliveries slipped in 2024 thanks to fiercer competition in the EV space and a lineup that hasn’t quite kept up with the times. Photo by: Tesla Tesla Model Y (2025) Enter the new Model Y. After five years on the market, Tesla’s most popular EV just got its first, long-awaited update. Industry experts tell InsideEVs the new model is a much-needed addition that could help reignite sales. But Tesla is also facing stiffer competition than ever—particularly in China—and
Author Archives: The Esbec Team
Jan
US President Donald Trump has signed an executive order to begin the process of withdrawing the US from the World Health Organization (WHO). “Oooh, that’s a big one,” the newly inaugurated US president said as he approved the document after arriving back at the White House. It was one of dozens of executive actions he put his signature to on day one in office. This marks the second time Trump has ordered the US be pulled out of the WHO. Trump was critical of how the international body handled Covid-19 and began the process of pulling out from the Geneva-based institution during the pandemic. President Joe Biden later reversed that decision. Carrying out this executive action on day one makes it more likely the US will formally leave the global
Jan
A parade of tech billionaires and key members of his orbit joined President-elect Donald Trump as he kicked off his pre-inaugural celebrations with a church service on Monday morning. Amazon founder Jeff Bezos, Meta boss Mark Zuckerberg, Apple leader Tim Cook, and Google chief Sundar Pichai were seen taking their prime seats at St John’s Church. Media tycoon Rupert Murdoch, FIFA president Gianni Infantino and former UK Prime Minister Boris Johnson were also spotted at the church. Many of these executives were among the first business world critics of Trump during his first term, speaking out on issues such as climate change and immigration. TikTok chief executive Shou Zi Chou too is expected to attend the inauguration, as his company grapples with the fallout from a US ban, as well
Jan
Most Americans have bank accounts — reliable places to store money that are federally insured, carefully regulated, and generally better than coffee cans full of cash . But some 5 million households don’t have bank accounts. So every two years, the Federal Deposit Insurance Corporation conducts a survey to find out why. Is it a trust thing? A distance thing? A fees-and-service-charges thing? Last November, for the first time, the FDIC reported the results of a new question it added to the survey: Do you use a cryptocurrency like bitcoin instead of a bank? From the start, the dream for crypto has always been “be your own bank.” I’m being a little simplistic there, but bitcoin, ether, and their digital cousins were supposed to be a smarter flavor of money.
Jan
It’s important to understand how abuse of women is a key part of how Hamas remains in power. By SETH J. FRANTZMAN JANUARY 20, 2025 14:43 Updated: JANUARY 20, 2025 15:26 Hamas terrorists parade as they prepare to hand over hostages. (photo credit: Dawoud Abu Alkas/Reuters) When Hamas prepared to release Romi Gonen, Emily Damari and Doron Steinbrecher on Sunday, they purposely choreographed the event. Large numbers of armed Hamas members formed a line around a large parking lot in the back of a row of buildings. Hundreds of men came to watch. When it was time to bring the hostages out, they were brought in a Hamas vehicle that was parked two meters from a Red Cross SUV. The hostages were then taken out of the back seat of
Jan
TikTok briefly went dark in the US over the weekend after the Supreme Court denied a last-ditch challenge from its Chinese owner ByteDance to overturn a law banning the platform. But it was back after a day with a message thanking incoming president Donald Trump for his “efforts” in restoring the app. The US Supreme […]
Jan
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. But it said a threatened wave of tariffs by incoming US president Trump could make trade tensions worse, lower investment, and disrupt supply chains across the world. The IMF also said although tariffs, tax cuts and deregulation could boost the US economy in the short term, they could ultimately backfire.The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution
Jan
Introduction The dream of space travel, once confined to the realm of professional astronauts and science fiction, is rapidly becoming a tangible reality for civilian adventurers. According to NASA’s Commercial Space Transportation program, the space tourism industry has evolved significantly since the first civilian space flight in 2001, when Dennis Tito paid $20 million for a […]
Jan
Stellantis is reportedly canceling the long-range Ram 1500 REV electric pickup. With a 229 kWh battery, it had an estimated range of 500 miles. The standard-range model is still in the cards for 2026. The long-range version of the Ram 1500 REV electric pickup has been reportedly canceled. With a massive, 229-kilowatt-hour battery pack, the top Ram 1500 REV version had a target driving range of 500 miles–potentially making it the longest-range electric pickup in the world. However, that version has been canceled, according to a leaked email seen by MoparInsiders , leaving just the standard-range version of the Ram 1500 REV on the cards. As per the email, Stellantis has asked its suppliers “to immediately cease all activities related to this project and suspend all incremental spending.” The standard
Jan
The possibility that Alzheimer’s disease diagnosis is associated with viruses, bacteria, fungi, and parasites has been postulated over the past three decades. By BEN EDIDIN JANUARY 20, 2025 11:23 (L-R) In green – herpes virus proteins. In red – Alzheimer’s tau. In orange – a merge of the two. (photo credit: Shemesh Lab) Researchers from the School of Pharmacy at the Hebrew University of Jerusalem have discovered a surprising correlation between Alzheimer’s disease and the presence of Herpes Simplex Virus-1 (HSV-1). Their study, “Anti-Herpetic Tau Preserves Neurons vis the cGAS-STING-TBK1 Pathway in Alzheimer’s Disease,” was published in the peer-reviewed journal Cell Reports in early January. Alzheimer’s disease diagnosis depends on Neurofibrillary tangles, which are made predominantly of the proteins, extracellular β-amyloid (Aβ), and intracellular hyperphosphorylated tau (p-tau). The causes of these pathologies remained
Jan
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing . 1. With Trump’s inauguration, US-China rivalry opens new and uncertain chapter When Donald Trump is sworn in as the 47th president of the United States on Monday, a new chapter of geopolitical uncertainty will be written, potentially ushering in an intensified rivalry between the US and China under his “America First” policy. 2. Han and Vance strike positive tone for US-China ties ahead of Trump inauguration Chinese Vice-President Han Zheng held talks with the US vice-president-elect J.D. Vance and tech billionaire Elon Musk at separate meetings in Washington ahead of Donald Trump’s inauguration, with both sides reaffirming their commitment to a “long
CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group. Source: Facebook
Jan
CMC Motors Group has quit the Kenyan, Ugandan and Tanzanian markets, citing economic challenges, including high operating costs The company is one of the largest car assemblers in Kenya and has been offering agricultural and mechanical solutions to farmers It reaffirmed its dedication to helping staff members through the changeover and ensuring a smooth transition TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends. CMC Motors Group is closing its operations in Kenya, Tanzania, and Uganda after forty years in East Africa’s automotive and agricultural industries, leaving hundreds of its workers facing an uncertain future. CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group.Source: Facebook Why CMC Motors
Robert Donald Munro, better known as Bob Munro, has sadly passed on after a battle with respiratory illness Munro was the founder of the Mathare Youth Sports Academy (MYSA) and later chairman of Mathare United Football Kenya President (FKF) Hussein Mohammed has led in eulogising Munro for his efforts in supporting local football Kenya’s football fraternity has been plunged into mourning following the passing of Bob Munro. The Mathare United founder died on Sunday evening aged 82 after a long battle with illness. Bob Munro at the opening ceremony of the Mathare FIFA Football For Hope Centre on September 4, 2010 in Nairobi, Kenya. Photo by Neil Thomas – FIFA.Source: Getty Images How Bob Munro died His family confirmed that Munro has been in and out of the hospital in
Jan
Advisers told ABC News he plans on more than 200 on his first day in office. January 19, 2025, 6:34 PM President-elect Donald Trump is likely to sign executive orders at the U.S. Capitol after his swearing-in Monday and then additional ones later at Capital One Arena in the afternoon where the inaugural parade and entertainment were moved because of frigid weather in Washington, sources told ABC News on Sunday. Separately, top Trump officials told ABC News he is preparing to take more than 200 executive actions on his first day in office. Trump advisers are hoping he can sign multiple executive actions at one time under what they are calling an “omnibus” executive action. Essentially, multiple actions would be compiled into one document for Trump to sign to avoid
Jan
The Kansas City Chiefs moved one step closer to an unprecedented ‘three-peat’ after beating the Houston Texans in the NFL play-offs. After earning a bye for the first round of the post-season, the Chiefs kicked off the Divisional Round at home to the Houston Texans on Saturday. And the NFL’s two-time defending champions clinched a 23-14 victory to keep alive their hopes of becoming the first team to win three straight Super Bowls. Led by quarterback Patrick Mahomes, Kansas City have reached the NFL’s championship game four times in the past five years, winning it three times. Last season, they became the first team to win back-to-back Super Bowls since Tom Brady’s New England Patriots in 2004 and 2005, and they are back within one win of the big game.