Author: OMN AI

Tesla achieved its highest-ever quarterly revenue but suffered a steep drop in profits. The carmaker’s results highlight how rising costs and global competition continue to pressure its business, even as demand for electric vehicles remains strong. Revenue climbs, but profits take a hit For the quarter ending in September, Tesla reported $28 billion (£21 billion) in revenue, up 12% from a year earlier. Yet profits fell 37% over the same period. The company blamed the decline on increased tariffs and growing expenses from research and development projects. Investors responded cautiously. Tesla’s shares slipped 3.8% in after-hours trading following the announcement.…

Investment in artificial intelligence (AI) is emerging as a major driver of economic growth, fueling expansion across multiple industries. Companies investing in AI technologies are boosting demand for software, computing equipment, data centers, and electricity generation, contributing to stronger economic performance. The latest trends indicate that AI-related spending is accelerating, with businesses seeking to leverage automation, machine learning, and advanced analytics. These investments are not only enhancing productivity but also creating new revenue streams and business opportunities. Software development is experiencing significant growth as AI tools enable faster coding, improved data analysis, and smarter applications. Companies across sectors are adopting…

People taking antidepressants may experience significantly different physical side-effects depending on the drug, according to new UK research. The study, led by King’s College London and the University of Oxford, reviewed 151 clinical trials involving more than 58,000 people and 30 antidepressant types. It found marked differences in weight change, heart rate, and blood pressure across medications — even within the first two months of treatment. For instance, patients taking maprotiline gained an average of 2kg, while those on agomelatine lost about 2.5kg, a difference of roughly 4kg between drugs. Nearly half of patients using maprotiline or amitriptyline experienced weight…

Donald Trump said he did not want a “wasted meeting” after plans for direct talks with Russian President Vladimir Putin over the war in Ukraine were suspended. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line remained the biggest obstacle to progress. White House pauses plans for Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The comment came just days after Trump had said both leaders would meet in Budapest within two weeks. Growing differences between Washington…

France Introduces Tax on Mass-Market Clothing France has rolled out a landmark environmental tax designed to rein in the fast fashion industry’s growing impact on the planet. The measure adds an initial €5 charge to low-cost garments, rising to €10 by 2030, depending on each brand’s sustainability performance. The surcharge will be capped at 50% of the item’s pre-tax price. The new law also requires an environmental label on clothing, allowing consumers to see the ecological cost of their purchases and encouraging more mindful consumption. EU Plans to Reform Import and Customs Rules At the European level, officials are working…

Pizza Hut’s UK restaurant operator has gone into administration, leading to the closure of 68 branches across the country — from Finchley Lido in London to Carlisle and Rhyl — along with 11 delivery-only sites. The move puts around 1,210 jobs at risk. The company, DC London Pie, which ran Pizza Hut’s UK dine-in operations under a franchise agreement, appointed administrators from FTI Consulting on Monday. In a pre-pack administration deal, US parent company Yum! Brands — which also owns KFC and Taco Bell — has stepped in to purchase and directly manage 64 remaining sites, safeguarding 1,276 jobs. Matt…

European markets regained ground on Tuesday after a week of weakness and political uncertainty. Investors cautiously returned to equities, driving modest gains across major indexes. Asian markets extended their rally, while US futures slipped slightly. By midday, Milan’s stock exchange led the region with a rise of 0.80%. Italian heavyweights UniCredit, Intesa Sanpaolo, Eni, and defence firm Leonardo lifted the index. In Germany, defence shares supported trading activity, but the DAX still dipped 0.13%. Shipbuilder TKMS surged again after its Monday IPO, climbing 6.28% to nearly €64 per share. Rheinmetall AG rose 0.48% in Frankfurt, while BAE Systems in London…

Amazon Web Services (AWS) said late Monday it had fixed a massive outage that knocked some of the world’s biggest websites offline for hours. More than 1,000 apps and websites — including Snapchat and major banks like Lloyds and Halifax — suffered major problems after a fault hit Amazon’s US-based cloud systems. The tracking platform Downdetector reported over 11 million user complaints globally during the blackout. Experts said the failure showed how fragile the world’s digital backbone has become, with so many companies relying on just a few cloud providers. A day of online chaos for millions Professor Alan Woodward…

Millions of young people could miss out on effective treatments because so few take part in medical research, experts warn. New data show that 18- to 24-year-olds make up 8% of England’s population but only 4.4% of medical study participants, meaning treatments are often designed for older adults. Between 2021 and 2024, only 32,879 young adults took part in 5,000-plus studies backed by the National Institute for Health and Care Research (NIHR). “Young people face unique health challenges shaped by social pressures and life transitions,” said Kirsty Blenkins of the Association for Young People’s Health. “If they’re not included, treatments…

Aircraft plunges into sea following failed landingA tragic runway accident early Monday at Hong Kong International Airport left two airport employees dead when a Boeing 747 cargo plane veered off the tarmac and into the water. The freighter, operated by Turkey’s ACT Airlines on behalf of Emirates SkyCargo, had been arriving from Dubai when it overshot the north runway at around 3:50 a.m. local time. The plane burst through a perimeter barrier, struck an airport patrol vehicle, and came to rest with its nose submerged offshore. All four crew members survived and sustained only minor injuries. Authorities investigate mechanical and…