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Business

Alphabet posts first-ever quarter with $100 billion in revenue

Investors celebrated the third-quarter numbers by driving up Alphabet’s stock price more than 6% in Wednesday’s extended trading.

30 October 2025

Business

OpenAI completes for-profit restructuring and inks Microsoft agreement

Microsoft will hold a roughly 27% stake, worth around $135bn, in the for-profit firm.

28 October 2025

Business

HSBC sees 14% profit drop after provision hit from Madoff lawsuit

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.

28 October 2025

Business

Tesla profits fall despite higher sales, hitting share price

Tesla reported a fourth straight decline in quarterly profit even as sales rose, triggering a drop in its shares in after-hours trading. Meanwhile, CEO Elon Musk is betting on the robotaxi branch to revitalise the company's future.

23 October 2025

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Markets

Italy's UniCredit sees record profits as Commerzbank advance drags on

UniCredit shareholders prepare for a bumper payout as the bank forecasts profits of more than €10 billion this year.

22 October 2025

Business

Netflix blames tax dispute in Brazil for rare earnings letdown

Netflix shares were down more than 6% in extended trading after the company delivered weaker-than-expected results.

22 October 2025

Business

Microsoft deal brings OpenAI closer to becoming a for-profit firm

OpenAI is hoping to restructure itself into a for-profit company, although the move still requires approval from regulators in California and Delaware.

12 September 2025

Business

Nvidia AI chips sales rise but so do fears of an AI bubble bursting

Nvidia, the world’s most valuable company, is not seeing its sales grow as quickly as expected, fuelling investors’ worries about a persisting tech bubble.

Business

OnlyFans takes $7.2bn from subscribers in 2024 as adult site booms

The site, featuring content including porn, saw steady growth in its subscriptions as well as its revenue in 2024. The company also paid a hefty $701 million (€599mn) in dividends to the controlling owner, Ukrainian-American businessman Leonid Radvinsky.

Business

Keurig Dr Pepper to buy European coffee firm JDE Peet’s in €16bn deal

As part of the deal strategy, the companies will break up their coffee and soft-drinks units.

Business

Europe’s M&A market is alive and kicking - in spite of the odds

Geopolitical unrest and trade uncertainty are complicating mergers and acquisitions (M&A). Despite the volatility, battle-hardened executives are pushing ahead with dealmaking.

Markets

Microsoft surpasses $4 trillion valuation after stellar earnings

Microsoft revealed for the first time that Azure, the engine of its AI ambitions, now pulls in more than €65 billion a year — cheering investors.

Business

Sweden’s Klarna receives licence from UK’s Financial Conduct Authority

The move will allow the fintech firm to launch a debit card and offer its UK-based customers Klarna accounts where they can save funds.

Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

Business

Netflix delivers steady growth but disappoints in its outlook

Netflix on Thursday announced nearly 50% profit growth for the last quarter as the video streaming service's more than 300 million subscribers have become increasingly attractive to advertisers.

Business

TSMC's profit soars by 60% thanks to robust AI chip demand

The world’s largest contract chip manufacturer TSMC, reported better-than-expected results as AI chip demand has been boosting the company's sales.

Business

Wizz Air halts Abu Dhabi operations as instability threatens profits

Wizz Air's decision to end operations out of its hub in Abu Dhabi comes as it aims to focus on its core markets in Central and Eastern Europe.

Business

Nvidia hits $4 trillion making it world’s most valuable company

Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after a two-year investor frenzy.

Business

Samsung expects profit to halve as tariffs and export curbs bite

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year.

Business

France’s Capgemini to buy WNS for $3.3bn to improve AI offerings

The acquisition comes as Capgemini seeks to expand its AI operations, and WNS will also provide more access to the US market.