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Tesla profits drop on tech spending spree as 'Elon Inc.' talk builds

Tesla reported lower third-quarter profits Wednesday as near-trillionaire Elon Musk's electric vehicle maker ramped up huge investments in artificial intelligence and other envelope-pushing technologies.

eBay to slash 1,000 more jobs, around 9% of workforce

US e-commerce platform eBay will cut some 1,000 jobs, or about nine percent of its workforce, a spokesperson told AFP on Wednesday, following an initial round of layoffs in February.

Tesla profits drop but top analyst estimates

Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as multi-billionaire Elon Musk's electric vehicle maker invested heavily in new technologies.

Walmart welcomes AI agents as Anthropic launches its own

US shopping giant Walmart on Wednesday unveiled tools allowing artificial intelligence agents such as Meta’s Muse to shop on behalf of its customers, taking the opposite approach to rival Amazon, which bars outside AI agents from its platform.

In the Mexican town that makes emblematic Day of the Dead garlands

In a workshop in the Mexican town of San Salvador Huixcolotla, three men use small hammers and chisels to punch holes in thick sheets of tissue paper ahead of the Dia de Muertos (Day of the Dead) festival.

Judge orders Meta to pay $25 bn to New Mexico in Cambridge Analytica case

A New Mexico judge ruled Wednesday that Meta must pay $25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to media reports.

France's Macron lands in Riyadh on surprise 'solidarity' visit

French President Emmanuel Macron landed in Riyadh in a surprise "solidarity" visit, making him the first Western leader to touch down in the kingdom since Yemen's Iran-backed Houthis intensified their attacks this month.

South Africa eases fuel pain as growth slows

South Africa announced fresh fuel-relief measures on Wednesday to cushion motorists and commuters battered by record pump prices as uncertainty roils global energy markets.

Nvidia's Huang urges Europe to go all in on AI

European companies from automakers to drug firms to banks need to embrace artificial intelligence, Nvidia CEO Jensen Huang said Wednesday, as the continent looks to capitalise on the technology even as the United States and China drive its development.

Five things to know as French bond yield tops 5%

A sell-off in French government bonds amid a budget standoff and after violent protests pushed the yield on the benchmark 10-year note past five percent Wednesday, the highest level since 2002.

Impacts of UK's new North Sea gas drilling

With wars in the Middle East and Ukraine putting pressure on global energy markets, Britain has approved drilling at a controversial North Sea gas field in a bid to strengthen its energy security.

France's tourism sector worried about impact of riots

The images of France's riots posted and broadcast around the world have cast a pall on the country's important tourism sector, with many fearing worse consequences if violence returns.

Indonesia leader hits out at market downgrade warning

Indonesia's president lashed out at MSCI on Wednesday, accusing the index compiler of "trying to scare us" over its threat to downgrade the country's stock market.

Carrefour shares plunge after profit warning on French protests

Carrefour, France's largest publicly traded retailing group, saw its shares drop more than 13 percent Wednesday after it warned that the recent violent protests across France would dent profits.

Rising UK inflation, debt knocks govt ahead of budget

UK inflation and public borrowing rose more than expected in September, official data showed Wednesday, heaping pressure on the country's Labour government ahead of its annual budget due next week.

As actors get more physical, Bollywood embraces intimacy coordinators

India's film industry, where scenes featuring nudity or sex often rely on improvisation and mutual trust, is gradually welcoming professionals tasked with choreographing intimacy to protect actors and ensure consent.

Asian stocks rally as tech firms enjoy bounce ahead of key earnings

Asian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season.

Musk backs SpaceX-Tesla merger as rocket firm turns profit

Elon Musk said Tuesday he would back a merger of SpaceX and Tesla, as his rocket and AI company reported its first quarterly profit since going public, driven by deals to rent out computing power to AI firms.

Musk says backs SpaceX-Tesla merger as rocket firm turns profit

Elon Musk said Tuesday he would back a merger of SpaceX and Tesla, as his rocket and AI company reported its first quarterly profit since going public, driven by deals to rent out computing power to AI firms.

US regulators certify Boeing 737 MAX 10 after delays

US officials gave final approval Tuesday to the Boeing 737 MAX 10, certifying the latest long-delayed version of the popular single-aisle aircraft.

Lula campaign seeks to disqualify Bolsonaro over Meta 'interference'

Brazilian President Luiz Inacio Lula da Silva's campaign team will request the disqualification of rival Flavio Bolsonaro on Tuesday over alleged election interference by tech giant Meta, a source told AFP.

Meta says it complied with Brazil court order to treat candidates equally

US tech giant Meta said Tuesday it had complied with a Brazilian court order to treat the election campaigns of President Luiz Inacio Lula da Silva and Flavio Bolsonaro equally.

Tech jitters lead stocks lower, oil surges then slides

Technology firms led losses across sluggish stock markets Tuesday on growing fears about the AI investment boom ahead of earnings reports from major companies in the sector.

Investors pledge 230 billion euros at German summit: Merz

Major companies at an economic summit hosted by the German government have committed to investing around 230 billion euros ($258 billion), Chancellor Friedrich Merz said Tuesday in Berlin.

Solid GM results overshadowed by latest jump in commodity costs

Higher commodity costs due to the US-Iran war overshadowed General Motors' solid earnings and a new share buyback announcement Tuesday, sending shares lower.

Houthi attacks undermine Saudi Arabia's economic ambitions

With airports closed and the capital brought to an effective standstill, attacks by Yemen's Houthis on Saudi Arabia have thrown a wrench in the kingdom's ambitious plans to overhaul the economy and draw foreign investment.

Power outage hits Google Cloud services, disrupting UK banks

A power outage at a Google Cloud data centre near London caused serious failures to services on Tuesday, leading to widespread disruptions for several UK banks.

EU unveils new Arctic strategy in face of US, Russia threats

The European Union on Tuesday unveiled a push to boost Arctic surveillance and expand icebreaker fleets as it jostles with Russia, the United States and China in the key region.

AI challenges maths by solving the unsolvable

Announcements over recent months that artificial intelligence models have cracked previously unsolvable problems are shaking to the core top-level mathematicians, who are now asking themselves: where do we come in?

More Than 52,000 West Midlands Families Use Tax-Free Childcare

More than 52,000 families in the West Midlands are using Tax-Free Childcare, with HM Revenue and Customs encouraging other eligible households to register.

Analysts Stay Positive on Vedanta After Hindustan Zinc’s Strong Quarter

Market analysts retained positive views on Vedanta after Hindustan Zinc posted quarterly earnings above expectations and strong operating performance.

World Gold Council Sees Digital Gold Market Tripling by 2031

The global market for digital gold could reach $160 billion to $170 billion by 2031 if providers resolve trust, access and regulatory concerns, the World Gold Council said.

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