Uber shares tumble despite ‘strongest quarter ever’ February 5, 2025 Uber shares tumbled on Wednesday despite boss Dara Khosrowshahi hailing its “strongest quarter ever” amid surging demand. The San Francisco-based firm reported a 20 per cent rise in revenue to $12bn (£9.7bn) over the three months ended 31 December. Total trips on its platform grew 18 per cent year-on-year to around 3.1bn. Khosrowshahi lauded the [...]
Microsoft, Meta, Tesla & Apple: What this week’s tech earnings tell us about the AI boom January 31, 2025 Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week, giving us snapshot of how spending on AI is shaping the tech sector. Here’s what we’ve learnt about the AI boom so far. AI spending shapes the tech sector This week started with the rise of Chinese startup DeepSeek causing headwinds on [...]
Porsche 911 GT3 2025 review: An intense hit of purest Porsche January 31, 2025 An espresso machine is steaming furiously and fresh croissants are arranged on a shelf that doubles as a swan-neck rear spoiler. Morning has broken over the Ricardo Tormo circuit near Valencia and business is brisk at The 9,000rpm Cafe. The 2025 Porsche 911 GT3 launch is underway. The name of Porsche’s pit-garage breakfast bar is [...]
Elon Musk says 2025 will be a ‘pivotal year for Tesla’ despite sales slowdown January 30, 2025 On Wednesday, electric vehicle (EV) giant Tesla reported a significant decline in profit for 2024, with its net income dropping over 70 per cent to $2.3bn (£1.83bn). The firm reported a profit of $2.3bn (£1.84bn) in the last three months of the year. Profit at Elon Musk’s group dropped despite an increase in sales, which [...]
Why the crypto bull market party might be over for Britain January 28, 2025 While crypto markets have dipped in recent days after the release of Deepseek shook US tech firms, UK companies are struggling to keep the momentum of digital finance going. Bitcoin managed to pull itself back above the $100,000 mark this morning after Deepseek’s new AI model shook the stock prices of the Magnificent Seven; Apple, [...]
What is Chinese AI startup DeepSeek? January 27, 2025 Chinese AI startup DeepSeek rapidly gained global attention over the weekend as its seemingly impressive – and cheaper – new AI model sparked a sell off in shares for its global competitors. The tech firm launched its flagship AI chatbot in January, which is capable of delivering high performance while using less advanced hardware. It [...]
Tesla’s brand value plummeted in 2024 as Musk splits opinion January 22, 2025 Tesla‘s brand value plummeted in 2024, paving the way for Toyota to claim the top spot as the global auto market’s most valuable brand. According to research from the consulting firm Brand Finance, the US EV maker’s brand value dropped 26 per cent last year to $43bn (£35bn), the second straight year it has fallen. [...]
‘America first’: Donald Trump sworn in as 47th President January 20, 2025 Donald Trump has been sworn into office as the 47th president of the United States, with a claim that “America’s decline is over.” The Republican politician took the oath of office in the rotunda of the US Capitol building in Washington D.C. on Monday after below freezing temperatures saw the ceremony moved indoors. President Trump [...]
Davos 2025 is about growth, growth, growth. The UK must listen January 20, 2025 Despite struggles, the UK still has all the ingredients for growth. Davos 2025 is an opportunity to remember that, writes Chris Hayward.
Elon Musk wants to ban WFH for millions in the US government January 17, 2025 Elon Musk may terminate remote work for millions of federal employees, as he steps into his new role as head of the Department of Government Efficiency (D.O.G.E). The tech titan and outspoken Trump supporter outlined plans to announce a mandatory return to office policy to reduce the size of the US government workforce and cut [...]