Despite the disappointing sales and deliveries, Tesla saw its stock price quadruple over the past year to that extent, revealing the electrical vehicle market's depth of unpredictability. Tesla reported its fourth-quarter earnings for 2024 on Wednesday after the US stock markets closed. While the financial results for the company indicated a tough sale, the story …
Tesco plans to cut 400 jobs in UK stores and its head office as part of efforts to improve efficiency. The move is part of the retailer's overall plan to make it more efficient in a highly competitive retail market. Employees in Tesco Mobile stores, in-store bakeries, and managerial roles at the supermarket's headquarters are …
Lloyds Banking Group has announced the closure of 136 more high street branches in the UK, as it presses on with its shift towards digital banking. It will close 61 Halifax locations, 61 Lloyds, and 14 Bank of Scotland sites from May this year and up to March 2026. The decision is part of a …
OpenAI is probing allegations that its artificial intelligence (AI) models were used in building the rival chatbot known as DeepSeek. The San Francisco-based company, working in partnership with Microsoft, its significant investor to the tune of $13 billion, has raised concerns over Chinese startups frequently leveraging its technology to create competing products. Both OpenAI and …
HSBC, long an iconic figure on the streets of Europe and around the world, has announced the end of one of its strategic ambitions: competing with JPMorgan Chase, Goldman Sachs and other Wall Street and City of London titans. This move, which has caught many within the bank off guard, is part of the bank's …
Roman Abramovich, the billionaire Russian oligarch and former owner of Chelsea FC, could be facing a bill of up to £1 billion from HM Revenue & Customs (HMRC) for unpaid taxes. This revelation comes from a detailed analysis of leaked documents, which suggest his offshore companies failed to pay tax on the profits generated by …
Lidl is set to open a pub in one of its UK stores. This marks a unique development in the supermarket industry. The High Court recently approved Lidl's plans to introduce the pub at its Dundonald location in County Down, near Belfast. This will be the first step for the supermarket to convert a part …
US President Donald Trump revealed that Microsoft is in talks to buy TikTok, and he said he would like to see a bidding war for the app, which has been raising national security concerns because it is owned by China's ByteDance. When asked whether Microsoft was in talks to buy TikTok, Trump said yes. He …
The UK economy is facing a challenging year, according to a recent forecast from Morgan Stanley. The investment bank predicts that the Bank of England will be forced to cut interest rates five times this year as the economy struggles with sluggish growth This gloomy outlook epitomizes concerns over the economic trajectory of the UK. …
In an unprecedented step, Coca-Cola has embarked on an emergency recall of some of its cans of Coke, Sprite, Diet Coke, Appletiser, among other drinks, in Belgium, Luxembourg, and the Netherlands. The firm had detected excessive quantities of chlorate in these products during routine inspection. Chlorate is one of the byproducts of chlorine-based sanitizers and …
The global artificial intelligence landscape has recently witnessed a seismic shift with the emergence of a formidable new player: DeepSeek, a Chinese startup that has rapidly gained traction with its cutting-edge generative AI chatbot. This unexpected development has sent shockwaves through Silicon Valley, prompting a swift response from OpenAI CEO Sam Altman, who has vowed …
The M3 Touring is already an exceptional machine, but that hasn't stopped BMW's M division from turning up the heat. Over the weekend, BMW officially teased the highly anticipated M3 CS Touring, giving enthusiasts a glimpse of what promises to be an even more thrilling version of the high-performance wagon. Accompanied by the tagline ‘Fast …
Concerns have been raised over the future of post offices operating within WH Smith stores as the retailer explores the potential sale of its High Street locations. The Communication Workers Union, which represents Post Office employees, has warned that any closures resulting from the sale would have severe consequences for workers and local communities. The …
Turning 80 is something of a milestone. It is often a time to take stock and hopefully, a little bit of time off, too. But for many older people, financial security is a major worry. But help is at hand for older people - in the form of a pension top-up by the Department for …
