Author: OMN AI

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…

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…

TIRANA — Mounting evidence suggests that sanctioned Russian and Iranian networks may be exploiting Albania’s infrastructure and opaque regulatory environment to evade Western sanctions — raising alarms among European and NATO allies about the country’s growing role as a regional weak link. Reports indicate that through negligence, smuggling, or possible corruption within the government of Prime Minister Edi Rama, entities operating in sectors of critical infrastructure have facilitated transactions that appear to violate international sanctions. One investigation by RBC Ukraine uncovered how banned Russian fuel products were allegedly smuggled into Europe via Albanian ports. The report described ships arriving 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…

France Implements First National Tax on Disposable Clothing France has introduced a new tax on fast fashion brands as part of its plan to reduce waste and pollution linked to cheap clothing production. The initiative begins with a €5 fee per garment and will gradually rise to €10 by 2030. The amount charged will depend on each brand’s sustainability performance and will be capped at 50% of the item’s retail price before tax. In addition, all clothing sold in France will be required to carry an eco-label detailing its environmental footprint, encouraging shoppers to make greener purchasing decisions. EU Overhauls…

European markets recovered on Tuesday morning after weeks of weakness and uncertainty. Most major indexes opened slightly higher, following gains across Asia and small declines in U.S. futures. By midday, Milan led European markets with a 0.80% rise, lifted by UniCredit, Intesa Sanpaolo, Eni, and Leonardo. Defence and energy stocks powered most of the momentum. Germany’s DAX slipped 0.13%, though defence stocks helped limit losses. German submarine maker TKMS climbed 6.28% after debuting in Frankfurt on Monday at €60 per share. Rheinmetall gained 0.48%, while BAE Systems fell 0.91% in London. Airbus, Thales, and Leonardo confirmed a satellite merger agreement,…

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…

Freighter breaks through fence during early-morning landingA deadly accident at Hong Kong International Airport early Monday left two airport security workers dead after a Boeing 747 cargo jet ran off the runway and plunged into the sea. The aircraft, operated by Turkey’s ACT Airlines for Emirates SkyCargo, was completing a flight from Dubai when it overran the north runway shortly before 4 a.m. local time. The plane smashed through the airport’s perimeter fence, struck a patrol vehicle, and came to rest with its nose submerged in the water. All four crew members on board escaped with minor injuries. Probe underway…

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…

Industry Finds Footing After Years of DeclineEurope’s automotive landscape is entering a steadier phase after an extended period of disruption. Recent data from the European Automobile Manufacturers’ Association (ACEA) show that new car registrations across the European Union have stabilized through 2025, marking an end to the persistent losses of recent years. This improvement has been supported by restored supply chains, lower energy volatility, and consistent buyer demand. Electric vehicles remain a driving force behind the recovery, now representing around one-fifth of all new car sales, bolstered by incentive programs and expanding charging networks across major EU markets. Chinese Electric…