Tesla reached its highest quarterly revenue, yet profits fell sharply. Rising tariffs, growing research costs, and global competition pressured earnings despite strong sales. Record revenue masks profit decline For the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, up 12% from last year. Profits fell 37% due to higher tariffs and increased spending on research and development. Investors reacted cautiously. Tesla shares dropped 3.8% in after-hours trading. Still, the company’s market value remains around $1.4 trillion, driven by confidence in Elon Musk’s long-term ambitions in AI and robotics. US tax credit drives sales surge Tesla reversed a…
Author: Grace Johnson
Grace Johnson
Grace Johnson is a freelance journalist based in Beijing with over 15 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Communication and Journalism from the University of Miami. Throughout her career, she has contributed to major outlets including The Miami Herald, CNN, and USA Today. Known for her clear and engaging reporting, Grace delivers accurate and timely news that keeps readers informed on both national and global developments.
Goldman Sachs has projected a 30% rally in China’s stock market by the end of 2027, highlighting confidence in the country’s “slow bull market.” The investment bank attributes the expected growth to supportive government policies, economic expansion, attractive valuations, and increased capital inflows. The forecast indicates strong potential for China’s major indices, including gains across technology, artificial intelligence, and small-cap A-shares. Analysts expect these sectors to benefit the most from structural growth trends and policy incentives. Goldman Sachs emphasized that policy support, including financial reforms and investment-friendly regulations, is a key driver behind the optimistic outlook. Government measures aimed at…
Donald Trump said he did not want a “wasted meeting” after cancelling plans for direct talks with Russian President Vladimir Putin about the war in Ukraine. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line blocked any chance of real progress. White House shelves Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The announcement came only days after Trump had said the two leaders would meet in Budapest within two weeks. This week exposed growing differences between…
Amazon Web Services (AWS) said late Monday it had fixed a huge outage that took thousands of websites and apps offline across the world for much of the day. More than 1,000 platforms — including Snapchat and major banks such as Lloyds and Halifax — went down after technical failures struck Amazon’s cloud network in the United States. Downdetector, which tracks online disruptions, logged more than 11 million user reports during the outage. Experts said the event revealed just how dependent global digital infrastructure has become on a few powerful cloud providers. One error triggers a global shutdown Professor Alan…
It took Rúben Amorim 11 months, 35 matches, and countless doubts to find this breakthrough. The Portuguese coach had once admitted his Manchester United side might be “the worst in the club’s history.” His position looked fragile, and only minority owner Sir Jim Ratcliffe’s public support stopped the rumours from consuming him. Then came Anfield — the home of United’s fiercest rivals and their greatest pain. There, Amorim’s men finally fought like a Manchester United team again. A win defined by spirit and steel This was no opportunistic win like last December’s surprise at Manchester City. United started sharp and…
When Kerry Dunstan and his partner started searching for an electric car this summer, they asked one key question: “How’s the battery?” They soon found a 2021 Nissan Leaf with 29,000 miles. The dealer told them its state of health (SOH) was 93%. That sealed the deal. For £12,500, they bought a roomy, reliable electric car that fit their needs. Dunstan, a cabinetmaker who also drives a sleek electric Volvo SUV, admits the Leaf doesn’t excite him. “I like cars with a bit more punch – this one’s a bit dull,” he says. Still, he’s happy. “It’s done exactly what…
Lamborghini’s chief executive says the brand’s soul remains tied to the roar and emotion of petrol engines. The Italian supercar maker plans to keep them for at least another decade before fully going electric. Hybrids over full electrics At Lamborghini’s London showroom, CEO Stephan Winkelmann said enthusiasm for electric cars is slowing. He sees this as a chance to focus on hybrid technology that balances performance and emotion. The company will soon decide whether its upcoming grand tourer, the Lanzador, will be fully electric or a plug-in hybrid. Winkelmann said Lamborghini acts responsibly but noted that, as a low-volume manufacturer,…
A surprise phone call between US President Donald Trump and Russian President Vladimir Putin on Thursday has thrown a shadow over Ukrainian President Volodymyr Zelensky’s visit to Washington. The two leaders agreed to meet soon to discuss the war in Ukraine, blindsiding Kyiv and complicating Zelensky’s efforts to secure new US weapons. The timing was striking. Within just one day, Russia fired dozens of missiles and launched more than 300 drones at targets across Ukraine. Civilian sites were hit once again, damaging gas pipelines and power stations just as the cold season begins. The result: rolling blackouts and a sense…
President Donald Trump said Indian Prime Minister Narendra Modi had agreed to scale back India’s purchases of Russian oil. The announcement came as Washington increased pressure on Moscow’s energy revenues and sought to isolate the Kremlin over the war in Ukraine. Trump told reporters that Modi assured him India would stop buying Russian oil “within a short period of time.” He called the pledge “a big stop.” US steps up pressure on India The US president has leveraged India’s reliance on Russian oil in trade talks. So far, New Delhi has resisted, insisting its energy policies serve national interests and…
China’s efforts to combine green finance with green technology innovation are showing strong results in reducing pollution and carbon emissions. A recent study indicates that this synergy has significantly improved environmental performance across the country, particularly in the eastern and western regions. By integrating financial incentives with technological advancements, China is accelerating its path toward sustainability. Experts say that green finance policies, including green bonds, loans, and investment funds, are providing crucial support for companies developing clean technologies. These policies encourage businesses to adopt eco-friendly practices, reduce emissions, and invest in renewable energy projects. At the same time, technological innovation…
