Tesla Revenue Drops 11% Amid AI Pivot
Tesla reports first-ever yearly revenue decline with automotive revenues down 11% in 2025, as Elon Musk redirects focus toward robotics and AI technologies.
Category : Business
Investors Warn of Mis-Selling Risk in Private Markets
Financial experts caution retail investors about mis-selling risks as they increasingly pour money into private markets, highlighting transparency and suitability concerns.
Microsoft Beats Forecasts Amid AI Boom
Microsoft reports strong Q2 revenues of $81.27bn, exceeding expectations despite slowing cloud growth, as CEO Satya Nadella highlights AI business expansion.
More Energy Suppliers Fail Ofgem Capital Targets
Ofgem reveals five energy suppliers failed capital targets, raising concerns over financial resilience amid volatile wholesale gas prices and regulatory transparency.
Fed Holds Rates as Trump Pressures Powell
The US Federal Reserve paused interest rate cuts, keeping rates at 3.5%-3.75%, despite intense pressure from the Trump administration and a criminal investigation into Chair Jerome Powell.
Trump Signs Order to Speed Up LA Wildfire Rebuilds
President Trump signs executive order to bypass permit requirements for wildfire rebuilds in Los Angeles, drawing criticism from California officials who call it a political stunt.
Bank of America Promotes Lo Piccolo to Lead Italy
Bank of America has promoted Andrea Lo Piccolo to lead its operations in Italy, a strategic move to strengthen its presence in the European market.
AI Will Cost Jobs, Warns Tech Secretary Liz Kendall
UK Technology Secretary Liz Kendall admits artificial intelligence will cause job losses while announcing plans to train 10 million Britons in AI skills by 2030 to help workforce adapt to technological changes.
GAME Faces Administration Again as Stores Risk Closure
UK video game retailer GAME has filed notice to appoint administrators, potentially entering administration for the second time since 2012 as its high street presence dwindles.
Trump Declares 'America is Back!' as S&P 500 Hits 7,000
The S&P 500 briefly surpassed 7,000 for the first time amid renewed AI optimism, with Trump celebrating the milestone. The dollar also recovered slightly after recent declines.
Pub Industry Crisis: Last Orders for British Boozers?
With eight pubs closing weekly in the UK, the industry faces a perfect storm of post-COVID recovery, changing consumer habits, and government policy debates.
TikTok Deletions Rise After US Deal, Analytics Reveal
App analytics data indicates a sharp increase in TikTok deletions among US users following a new ownership agreement that secured the app's future in the country.
Original Factory Shop Administration Puts 1,180 Jobs at Risk
Discount retailer The Original Factory Shop has entered administration, threatening 137 UK stores and 1,180 employees. Administrators cite tough trading conditions and logistics issues.
Guardian Journalists Honoured for Noel Clarke Investigation
Sirin Kale and Lucy Osborne named Women of the Year for their investigation into sexual misconduct allegations against actor Noel Clarke, with Malak A Tantesh winning Rising Star.
Female Devs Behind Leon's 'Hot Uncle' Look in RE Requiem
Resident Evil Requiem's aged Leon S. Kennedy design was meticulously refined by Capcom's female staff, who focused on details like neck wrinkles to maintain his appeal.
CMA Targets Google's AI Search Control
The UK's Competition and Markets Authority proposes new regulations to limit Google's control over AI-powered search results, aiming to protect publishers and ensure fair competition.
Meta's £3.99 Ad-Free Subscription for UK Users
Facebook and Instagram users in the UK are receiving notifications about a new £3.99 monthly subscription to remove personalised ads. Here's what the Meta subscription means for your privacy and wallet.
London Lawyers Told to Put Phones Away for Focus
Major London law firms are implementing policies to reduce phone use, aiming to boost productivity and mental well-being in high-pressure legal environments.
How Websites Track You to Hike Prices
Discover how dynamic pricing works as websites use cookies and IP addresses to track your shopping habits and increase prices. Learn how a VPN can help you avoid these hidden costs.
Tennessee Storm Kills Eight, New Winter System Looms
A severe winter storm has caused at least eight fatalities in Tennessee and 25 nationwide, with power outages affecting hundreds of thousands. Forecasters warn of another significant winter system approaching the East Coast this weekend.
Original Factory Shop Could Close All 137 UK Stores
The Original Factory Shop discount chain has entered administration, threatening the closure of all 137 UK stores and putting 1,180 jobs at immediate risk across the high street.
Original Factory Shop Administration Puts 1,200 Jobs at Risk
The Original Factory Shop homeware chain has called in administrators, threatening 1,200 jobs. Private equity owners cite weak consumer confidence and government policies as key factors in the collapse.
Sage Oracle Jet: Expensive but Excellent Coffee
The Sage Oracle Jet espresso machine offers premium assisted brewing for home baristas, making 14 drink types with ease, but its £1,700 price tag demands consideration.
China's $100bn AI Datacentre Strategy: Applications vs AGI
China has invested $100bn in AI datacentres since 2021, focusing on practical applications over AGI research due to US chip sanctions and energy concerns, despite Alibaba's ambitious vision.
Qatari Plane Hits Milan Airport Lights During Olympics Arrival
A Qatari military cargo plane carrying 104 elite security personnel for the Winter Olympics struck a lighting tower at Milan Malpensa airport. The incident occurred during a manoeuvre after landing.
Map Shows London Pubs at Highest Risk of Closure
An interactive map ranks 45,936 UK pubs by closure risk, with many London establishments facing severe threats from rising business rates and economic pressures.
KPMG UK Partner Pay Jumps 11% Post Swiss Merger
KPMG UK has reported an 11% increase in average partner pay to £746,000, driven by a merger with its Swiss firm and strong advisory performance.
KPMG Posts Strong Growth in First UK-Swiss Results
KPMG reports £3.6bn revenue and £576m profit in first year following UK-Swiss merger, with audit and tax divisions showing growth while advisory faces challenges.
RAC Owners Rev Up £5bn London Float Plans
The RAC's private equity owners have selected Goldman Sachs to lead a potential £5bn London stock market listing in 2026, marking one of the year's biggest flotations.
UK Steam Users May Get Compensation in Valve Lawsuit
A £656 million lawsuit against Valve has been approved to proceed, potentially offering compensation to millions of UK Steam players for alleged overcharging.
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