Tesla sales in Germany recorded another drop last month, official data showed Wednesday, after billionaire owner Elon Musk vocally backed the far-right AfD during the country's recent election campaign.

Just 1,429 of the US group's electric vehicles were registered in Europe's biggest auto market in February, down over 76 percent year-on-year, the KBA federal transport authority said.

Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans.

Already, Saudi's de facto ruler Crown Prince Mohammed bin Salman has been digging a straight-line city in the desert for his $500 billion project at NEOM in Saudi Arabia's western desert on the Red Sea. He also will need to build tens of billions of dollars' worth of new stadiums and infrastructure ahead of the kingdom hosting the 2034 FIFA World Cup.

Japan's Nikkei index tumbled more than two percent on Tuesday and Hong Kong's Hang Seng was down 1.5 percent after U.S. President Donald Trump imposed fresh tariffs on China and signaled Mexico and Canada could not avert levies.

The White House said Trump signed an order raising tariffs on China to 20 percent, shortly after the US leader seemed to rule out any change to the planned 25 percent tariffs against Mexico and Canada.

President Donald Trump's long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States' North American allies.

Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with Canadian energy products subject to 10% import duties.

China vowed on Tuesday to fight to the "bitter end" if the United States pushes a trade war, after Washington and Beijing exchanged a salvo of tariffs.

"If the United States... persists in waging a tariff war, a trade war, or any other kind of war, the Chinese side will fight them to the bitter end," foreign ministry spokesman Lin Jian said.

The Kremlin said on Tuesday that the lifting of U.S. economic sanctions on Russia was a prerequisite for normalizing ties between the two countries.

"Of course, if we're talking about normalizing bilateral relations, these relations must be free of the negative burden of sanctions," Kremlin spokesman Dmitry Peskov told a daily press briefing.

Shares were mostly higher in Europe and Asia on Monday, helped by strong Chinese factory data, following Friday's rally on Wall Street.

Germany's DAX added 0.5% to 22,658.00, while the CAC 40 in Paris was up less than 0.1% at 8,115,97.

Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate.

Trump earlier imposed a tariff of 10% on imports from China and that will rise to 20% beginning Tuesday. He also ended the "de minimis" loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years.

Elon Musk's car company is required each year to report to investors all the bad things that could happen to it, and the latest version lists every imaginable threat from costly lawsuits to out-of-control battery fires to war and another epidemic.

But there's barely any mention in the latest annual update of Musk's full-bore entry into right-wing politics, which some experts say is turning off potential customers who don't share his views.

Eurozone inflation edged down slightly in February to 2.4 percent thanks to a slowdown in energy price increases, official data showed on Monday.

Last month's rate was down from 2.5 percent in January, but it came in higher than the 2.3 percent predicted by analysts for financial data firm FactSet.