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Tesla is recalling 6,197 Cybertrucks in the US. The safety regulator says an off-road light bar could detach and pose a hazard to other vehicles. The company will install additional fittings or replace the light bar assembly free of charge for affected owners.
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Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Microsoft’s AI outlay has unsettled investors despite strong quarterly growth. The company’s results outperformed expectations, but soaring capital expenditure underscored the rising cost of cloud infrastructure and renewed questions about how soon artificial intelligence investments will deliver returns.
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GBG transitions from AIM to London Stock Exchange Main Market. GBG’s shares began trading on the Main Market today, marking a significant step for the digital identity technology leader. The move aims to enhance its visibility and credibility among global investors….
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Nvidia has become the world’s first publicly traded company to cross a $5 trillion market-capitalisation mark. The milestone, driven by unprecedented demand for artificial-intelligence hardware, reflects the reshaping of global markets around AI infrastructure and raises questions about the sustainability of such concentrated growth.
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Puma said it will cut around 900 white-collar roles globally by end 2026. The German sportswear group reported double-digit sales declines and rising debt, prompting a wider restructuring under new chief executive Arthur Hoeld as it seeks to stabilise margins and reset its global distribution model.
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Labour has unveiled a £55 billion plan for science and technology. The programme — the largest sustained investment in UK R&D — will channel billions into research organisations and innovation bodies through 2030, as part of a national strategy to make Britain a global science and technology superpower.
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Meta and Engie North America sign new solar energy agreements. The agreements include a 600 MW solar project in Texas, boosting their collaboration to over 1.3 GW. This supports Meta’s commitment to renewable energy for its data centres….
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Norges Bank releases its 2030 Climate Action Plan. The plan outlines its updated approach to managing climate-related financial risks and opportunities. It focuses on engagement with portfolio companies to align activities with global net zero emissions targets by 2050….
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Arca signs a 10-year carbon removal agreement with Microsoft. British Columbia-based Arca will use its technology to transform mining waste into rock, permanently sequestering nearly 300,000 tonnes of CO2. The agreement supports Microsoft’s goal to become carbon negative by 2030….