BHP profit hits five-year low amid weaker iron ore prices August 19, 2025 Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn (£7.6bn) in the year to June, a decline of 26 per cent compared to last year and the lowest since the start of the pandemic [...]
Musk threatens Apple with legal action in escalating feud with Altman’s OpenAI August 13, 2025 Elon Musk has threatened to sue Apple, accusing the iPhone maker of unfairly favouring ChatGPT developer OpenAI in its App Store rankings and listings. In a series of posts on X, formerly Twitter, the Tesla and SpaceX chief claimed Apple was making it “impossible” for any other AI company to reach the number one position [...]
Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
Elon Musk’s Tesla makes bid to power UK homes August 11, 2025 Elon Musk’s Tesla has applied for a licence to supply electricity to UK homes and businesses, in a move that could see the world’s most famous electric car brand take on Britain’s energy giants as soon as next year. The application was filed late last month by Tesla Energy Ventures, the Manchester-based energy subsidiary of [...]
Ford Capri review: A controversial comeback for a famous name August 5, 2025 Not since the public voted to call a polar research vessel ‘Boaty McBoatface’ has a name caused such a stir. Ford’s decision to bring back ‘Capri’ was either a marketing masterstroke or a fate-sealing faux pas. The story blew up on social media, briefly distracting us from whatever Elon Musk was doing that day and [...]
Airline hails spike in premium bookings to the UK August 4, 2025 Airline Emirates has recorded a surge in bookings from affluent visitors to the UK, which it claimed is “driving forward economic growth” in the country.
Investors continue to opt for gold driving global demand July 31, 2025 Global demand for gold shows no sign of slowing down as investors and central banks continue to hoover up the safe haven asset. The precious metal rallied over the first half of the year, recording a 26 per cent rise against the dollar and outperforming almost all other major asset classes, according to the latest [...]
Is director training the answer to football’s governance woes? July 31, 2025 A new study suggests reforming football governance by testing and training directors. But is the regulator capable, asks Ed Warner? Countless millions follow professional football in England, claiming allegiance to a favourite club whose fortunes are entwined daily with each individual’s emotions, their highs and lows in seemingly unavoidable synchronicity. Turns out these essential forces [...]
Klarna receives regulatory approval to take on Monzo and Revolut July 30, 2025 Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut. The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch. Abby Vickers, Klarna’s head [...]
Retail investors cool on AI and pile into defence sector July 30, 2025 Retail investor appetite for AI stocks has cooled as geopolitical tensions spark a surge in enthusiasm for the defence sector. Over 50 per cent of retail investors believe the defence sector will deliver the strongest growth over the next six months, according to new research from online investing and trading platform IG. AI-related industries slipped [...]