Tesla Axes EV Models in Robotics Revenue Drive
Tesla discontinues Model S and X production to focus on robotics and AI, with $20bn investment amid revenue decline and competitive EV market pressures.
Category : Business
Gold Surges Over $5,500 on Dollar Weakness
Gold prices have surged past $5,500 per ounce, driven by a weakening US dollar and investor demand for safe-haven assets amid economic uncertainty.
Morocco's Secret Village: Imlil's Community Spirit
Discover Imlil, a tranquil Berber village in Morocco's High Atlas Mountains, where traditional hospitality meets responsible tourism and community values.
Hot Desking Sparks 'Frothing Rage' in Offices
Post-pandemic hot desking is causing workplace tensions as employees become territorial over desks. Experts explain why this happens and how to handle desk disputes professionally.
Dunelm's £28 Shoe Rack Perfect for Narrow Hallways
Dunelm's bamboo shoe rack with table, now £28, offers smart storage for small spaces. Customers praise its slim design for narrow hallways and minimalist style.
Martin Lewis: Best Time to Renew Car Insurance
Money expert Martin Lewis shares crucial advice on when to renew car insurance for the cheapest quotes, revealing how timing can nearly halve your premium costs.
Pound Gains Amid Trump Dollar Debasement Concerns
The pound has surged to $1.38, its highest since September 2021, as President Trump's remarks on the dollar's decline spark fears of intentional currency devaluation in global markets.
Deutsche Bank Profit Jumps 32% as Deal-Making Slips
Deutsche Bank's investment banking division reports a 32% profit increase to €1.3 billion, even as deal-making revenue falls sharply amid market challenges.
Ajit Pawar Killed in Maharashtra Plane Crash
Veteran Indian politician Ajit Pawar, Maharashtra's deputy chief minister, has died in a plane crash in Baramati, creating a political power vacuum and prompting three days of state mourning.
North Korea Travel: Bizarre Tours, No Jeans, Celine Dion
An Irish traveller's four-day trip to North Korea reveals fake restaurants, strict dress codes, and state-controlled entertainment featuring Celine Dion.
Gold Demand Hits Record Highs in 2025
Gold demand exceeded 5,000 tonnes for the first time in 2025, driven by investor and central bank activity amid geopolitical and economic risks.
LSEG Axes FT Subscriptions Over FTSE Retreat
London Stock Exchange Group cancels hundreds of Financial Times subscriptions as the newspaper reduces its coverage of London markets, shifting focus to politics and international reporting.
Building ChatGPT in 1999: AI Pioneer's Lessons
Fred Plais attempted a natural language search engine in 1999, predating ChatGPT. His story offers crucial insights on timing, resilience, and the AI boom for today's startups.
Fintech Founder Urges City to Embrace More Risk for Innovation
Adam French, partner at Antler and co-founder of Scalable Capital, shares insights on his career journey and advocates for increased boldness in London's financial sector to support early-stage ventures.
Islington Council Promises Green Space Covering Emirates 5 Times
Islington Council's finance chief pledges new green space equivalent to five Emirates Stadiums while defending budget cuts to back office and children's services.
Gamers Discuss Physical Store Decline and Industry News
Readers share thoughts on GAME's administration, digital vs physical sales, cancelled Prince of Persia remake, Virtual Boy releases, and PlayStation strategies in this week's letters.
Nationwide Leads Bank Switching, Santander Falls
Nationwide Building Society secured the highest net gains in current account switchers during Q3 2025, while Santander faced significant losses amid ongoing technical issues across the banking sector.
NSW May Add Public Holiday for Anzac Day Weekend
New South Wales Premier Chris Minns announces discussions about creating an additional public holiday when Anzac Day falls on a weekend, potentially aligning with WA and ACT.
Bank of England 'Woke' Row Over ESG Banknote Printer
The Bank of England faces political backlash for requiring its new banknote printer to meet strict ESG, diversity and carbon reduction standards in a £900m contract tender.
Zillennial Scammed by Bank Text: A Warning
A digitally literate young adult shares how a holiday text scam led to a $500 loss, highlighting that cybercrimes target everyone, not just the vulnerable.
US Social Media Checks Could Deter Tourists, Cost Billions
Proposed US policy to screen tourists' social media accounts may deter a third of international travellers, potentially costing $15bn in spending and 157,000 jobs.
South Korea's AI Laws Face Startup and Activist Criticism
South Korea has implemented pioneering AI regulations requiring content labelling and risk assessments, but faces criticism from tech startups and civil society groups over compliance burdens and insufficient protections.
Meta Beats Expectations with $59.89bn Revenue in Q4 2025
Meta reported robust fourth-quarter 2025 earnings, surpassing Wall Street forecasts with $59.89bn in revenue. CEO Mark Zuckerberg highlighted AI advancements, while the firm faces a social media addiction trial and shifts focus from the metaverse.
Interpath Eyes M&A After Bridgepoint Takeover
Interpath Advisory, a UK restructuring firm, is open to mergers and acquisitions after its takeover by private equity giant Bridgepoint, aiming to boost its services and market reach.
BNP Paribas AM Eyes Private Credit Risks
Europe's largest alternatives manager, BNP Paribas Asset Management, is cautiously navigating private credit risks following its merger with Axa IM, amid market concerns.
Water Bills Rise 5.4% in England and Wales
Households face average £33 increase as Ofwat approves record £104bn spending plan, with campaigners criticising bill payers footing decades of failure.
UK Car Industry Needs New Factory for 1.3 Million Target
Industry boss Mike Hawes says UK likely needs a large new factory to meet Labour's target of 1.3 million cars annually by 2035, as production hits lowest since 1952.
UK Dividends Jump in Q4 2025
UK dividends rose 1.3% to £14.3bn in Q4 2025, driven by energy, consumer basics, and property sectors, with full-year results slightly exceeding expectations.
Houlihan Lokey Revenue Up 13% on M&A Fees
Investment bank Houlihan Lokey reports a 13% increase in revenue, fuelled by higher fees from mergers and acquisitions activities in the latest financial period.
Fed Holds Rates Despite Trump Pressure
The US Federal Reserve has maintained interest rates at 3.5%-3.75% despite pressure from Donald Trump to cut them, citing solid economic expansion and inflation concerns.
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