Latest news with #QatarEconomicForum
Tahawul Tech
5 days ago
- Business
- Tahawul Tech
MWC25 Doha focuses on advancing next-gen digital societies
The GSMA and the Ministry of Communications and Information Technology of Qatar are working together to deliver the highly anticipated inaugural Doha edition of the world-renowned MWC series. MWC25 Doha will take place 25-26 November 2025 at the prestigious Doha Exhibition and Convention Centre (DECC). MWC25 Doha will bring together industry leaders, policymakers and innovators from around the world, with a focus on advancing the next generation of digital societies in the Middle East and globally. It is the combination of exhibition, thought leadership, startups and policymakers that makes MWC unique and impactful – where business gets done. The announcement to host MWC in Doha comes as Qatar develops its position as a global digital hub. His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs, affirmed during his opening speech at Qatar Economic Forum 2025 that hosting MWC25 will help strengthen Qatar's role in digital collaboration, connect emerging technology ecosystems and promote the exchange of innovative technical solutions among various international stakeholders. His Excellency also emphasised the strategic importance of hosting MWC in Doha over the next five years. MWC25 Doha provides a platform for partnerships and progress and will help advance digital transformation across the Middle East, and power Qatar and the region's growing influence in global tech innovation. The inaugural edition's conference tracks and keynotes will provide an inspirational thought leadership programme and will feature conference tracks, summits and keynotes aligned with three core themes: AI Nexus, Intelligent Economies, and Connected Industries. High level summits will address key topics including AI, data infrastructure, 5G, cybersecurity, fintech, smart mobility, and IoT, providing a platform for global thought leaders to shape the future of technology. H.E. Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology of Qatar: 'MWC25 Doha is a strategic milestone in achieving the goals of Qatar's Digital Agenda 2030 and Qatar National Vision 2030. This prominent event reflects Qatar's commitment to positioning itself as a regional hub for digital innovation, investing in technology, and developing a future-ready digital infrastructure. MWC25 Doha will also serve as a catalyst for international collaboration, bringing together global leaders, innovators, and policymakers to accelerate the pace of digital transformation and build a diverse, knowledge-based economy in Qatar'. GSMA's Director General, Vivek Badrinath: 'As our Host City for MWC in the Middle East, Doha exemplifies the region's growing leadership in advancing the next generation of digital societies. Qatar's proactive stance on innovation, from 5G expansion and Smart Cities to AI-powered data centres and sustainable investments, makes it an ideal location for MWC25 and an unmissable experience for stakeholders and businesses in the region'. For information and updates, visit MW25 Doha website. Image Credit: MW25 Doha
Yahoo
11-06-2025
- Automotive
- Yahoo
Tesla sales slump across Europe amid backlash against Musk
Sales of new Tesla electric cars are sliding across Europe, data suggests, amid a political backlash against its billionaire chief executive, Elon Musk. The figures from the European Automobile Manufacturers' Association (ACEA) showed registrations for new Teslas halved in April compared to the same month a year earlier, despite a broader rise in battery electric vehicles overall. The electric carmaker faces widespread backlash against Musk's political ties to Donald Trump, and vocal support for the far-right Alternative für Deutschland (AfD) party. Russ Mould, of the investment broker AJ Bell, said the drop in registrations 'suggests the brand damage caused by Elon Musk's political interventions may be lasting. 'The company may also be suffering from its lack of tyre print in the hybrid market with many motorists still wary of going fully electric,' he said. According to the latest snapshot, the ACEA said Tesla registrations fell from 14,228 in April 2024 to 7,261 last month, a decline of 49%, in the EU, the UK, and the broader European Free Trade Association bloc – which consists of Iceland, Liechtenstein, Norway, and Switzerland. However, overall battery electric car sales rose by 27.8% in April, compared with a 22.4% drop in petrol cars and a 24.7% drop in diesel cars. Sales of plug-in hybrid cars rose by 31.3%. Total car registrations rose most for the Chinese state-owned manufacturer SAIC, owner of the British brand MG, and the Japanese carmaker Mitsubishi. This year sales at Tesla have fallen in some of its biggest markets and there have been political protests at some of its showrooms. In the UK, the company registered just 512 new vehicles in April, according to figures from the Society of Motor Manufacturers and Traders, down 62% from a year earlier. Speaking at the Qatar Economic Forum last week, Musk told Bloomberg that while Europe was Tesla's weakest market, it was 'strong everywhere else', and although it had 'lost some sales paths on the [political] left', it had 'gained them on the right'. Tesla reported a 13% drop in vehicle sales in the first three months of this year, which made it the worst quarter since 2022. However, shares in Tesla have rallied by about 25% in the past month, after reports that Musk will be reducing his time spent advising the Trump administration. Tesla shares are still down 6% in the year to date. There had been hopes of a revival in demand after the company launched its updated Model Y car in China and in Europe, although weak sales figures suggest that reception of the redesign has been lukewarm. While politics have affected Tesla sales in Europe, analysts at the investment bank UBS have also suggested that in China, Tesla is losing to local electric vehicle brands. Last year the Chinese brand BYD reported global sales of more than $100bn (£83bn) last year, overtaking Tesla as the world's biggest electric car company by revenue. Tesla was approached for comment. Sign in to access your portfolio
Time of India
08-06-2025
- Automotive
- Time of India
Tesla Takedown protesters not going home as yet, calls Elon Musk's DOGE exit: Billionaire brats having a ...
Protests targeting Tesla and SpaceX CEO Elon Musk persist despite his recent exit from leading the Department of Government Efficiency (DOGE) and a public feud with President Donald Trump over Trump's sweeping tax and domestic policy legislation, dubbed the 'The One Big, Beautiful Bill,' according to a report by CNN. Musk, who donated $288 million to Trump's 2024 campaign, labeled the bill a 'disgusting abomination' shortly after stepping down from DOGE, his federal cost-cutting initiative. The dispute escalated The Tesla Takedown movement shows no signs of slowing, despite Musk's DOGE exit, his clash with Trump, and Tesla's declining sales and stock value. After Musk's departure, the movement's Bluesky account called for protests on June 28, Elon Musk's birthday, to 'recommit to the fight.' What is Tesla Takedown movement The Tesla Takedown movement urges people to 'sell your Teslas, dump your stock and join the picket lines' to 'help save lives and protect our democracy,' per its website. Tesla's sales dropped 13% in the first quarter of 2025, the largest decline in its history, while its stock (TSLA) fell about 14% this week, down nearly 47% from its December 18 peak of $488.54. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Halle: GEERS sucht 700 Testhörer vor 1972 geboren GEERS Undo The Tesla Takedown movement, which began in mid-February during Musk's DOGE tenure, organized 60 demonstrations outside Tesla showrooms on Saturday (May 7) in cities including Delray Beach, Florida; Louisville, Kentucky; and Decatur, Georgia. In Washington, DC's Georgetown neighborhood, about 30 protesters gathered at 11:30 a.m. ET outside a Tesla showroom despite rainy weather, a smaller turnout than the 200 who protested the previous week in Rockville, Maryland. Local co-organizers Melissa Knutson and Sara Steffens attributed the lower attendance to weather and competing Pride Month events. 'This is not over because (Musk) decided to go home with his tail between his legs,' Knutson told CNN, emphasizing the movement's resolve. 'We are tired of the billionaire takeover and we are not letting up,' Knutson added. Elon Musk on Tesla Takedown protests Elon Musk has said that Tesla Takedown movement is funded by dark money groups tied to political operatives. In a remote interview last month with Bloomberg's Qatar Economic Forum, Musk decried violent protests and people burning him in effigy and Tesla cars, saying many of them deserve to be imprisoned. "It's not fine to resort to violence," he said, calling it "evil" to damage someone's car or threaten him personally. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Insider
07-06-2025
- Business
- Business Insider
Trump says he has no desire to fix his relationship with Musk, even after the former 'first buddy' deletes his X posts
It seems Elon Musk won't be President Donald Trump's "first buddy" again anytime soon. Trump told NBC News on Saturday that he has no plans to repair his relationship with Musk after it imploded this week. When asked if their relationship is done, Trump said, simply, "I would assume so, yeah." Trump said he doesn't intend to speak with Musk and said the tech billionaire was "disrespectful to the office of the President." "I think it's a very bad thing, because he's very disrespectful. You could not disrespect the office of the President," Trump said. The epic and very public fallout began after Musk criticized Trump's tax bill, which the president calls his "One Big Beautiful Bill." During Thursday's dramatic exchange, which took place mostly on the social media networks each billionaire owns, Trump threatened to terminate Musk's government contracts and subsidies. Musk shot back that Trump was in the so-called "Epstein files" in a now-deleted post. In the NBC interview on Saturday, Trump warned Musk against funding Democratic candidates running against GOP members voting in favor of the bill, saying there will be "serious consequences." "If he does, he'll have to pay the consequences for that," Trump said. "He'll have to pay very serious consequences if he does that." Last month, Musk said he would spend "a lot less" on political campaigns in the future. He spent hundreds of millions in support of Trump in 2024. "If I see a reason to do political spending in the future, I will do it," Musk said at the Qatar Economic Forum last month. "I do not currently see a reason." Trump's remarks on Saturday came after Musk deleted some X posts from his account. He deleted the post referencing the Epstein files and a video he re-posted that appeared to show Trump partying with Epstein in the 1990s. Musk also deleted an X post in which he called a Trump comment an "obvious lie" and another post saying SpaceX would decommission its Dragon spacecraft "immediately." White House press secretary Karoline Leavitt told Business Insider that passing the tax bill is the president's priority. "President Trump and the entire Administration will continue the important mission of cutting waste, fraud, and abuse from our federal government on behalf of taxpayers, and the passage of the One Big Beautiful Bill is critical to helping accomplish that mission," Leavitt said in a statement. Representatives for Musk did not respond to a request for comment from BI. The repercussions from Musk and Trump's dispute were swift, affecting the price of Tesla stock and Dogecoin. A senior White House official told BI that Trump is now considering selling his Tesla. On Saturday, Vice President JD Vance said it was a "huge mistake" for Musk to "go after the president" during the newest episode of "This Past Weekend w/ Theo Von." "I'm not saying he has to agree with the bill or agree with everything that I'm saying," Vance said. "I just think it's a huge mistake for the world's wealthiest man, I think one of the most transformational entrepreneurs ever — that's Elon — to be at this war with the world's most powerful man." During the interview, Vance said he thinks everything will be fine between the pair if Musk "chills out a little bit." "Hopefully Elon figures it out and comes back into the fold," Vance said, adding that Trump had been a "little frustrated" with Musk's recent criticisms. "But I think he's been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk, and I actually think if Elon chilled out a little bit, everything would be fine," Vance said.
Bloomberg
07-06-2025
- Business
- Bloomberg
Best of the Qatar Economic Forum, Powered by Bloomberg
The Best of the Qatar Economic Forum, Powered by Bloomberg - bringing together some of the world's most influential thinkers, policy makers and business leaders to discuss how the global economy is transforming amid the changing geopolitical landscape, as Gulf nations emerge as key centers of financial power and opportunity. This special Bloomberg program highlights biggest interviews and news makers from the fifth edition of the annual forum that took place on May 20, 2025 in Doha. (Source: Bloomberg)
