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Business

OnlyFans takes $7.2bn from subscribers in 2024 as adult site booms

The site, featuring content including porn, saw steady growth in its subscriptions as well as its revenue in 2024. The company also paid a hefty $701 million (€599mn) in dividends to the controlling owner, Ukrainian-American businessman Leonid Radvinsky.

Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

Business

Netflix delivers steady growth but disappoints in its outlook

Netflix on Thursday announced nearly 50% profit growth for the last quarter as the video streaming service's more than 300 million subscribers have become increasingly attractive to advertisers.

Business

TSMC's profit soars by 60% thanks to robust AI chip demand

The world’s largest contract chip manufacturer TSMC, reported better-than-expected results as AI chip demand has been boosting the company's sales.

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Business

Nissan is closing flagship Oppama plant in Japan to cut costs

The factory in Oppama, Japan, employs approximately 2,400 people, who will lose their jobs in March 2028. Car production will move to another Nissan plant in southwestern Japan.

Business

Samsung expects profit to halve as tariffs and export curbs bite

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year.

Business

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.

Markets

Alphabet shares jump as Google Search advertising boosts growth

Alphabet shares jumped following strong quarterly earnings, as Google Search advertising delivered better-than-expected growth. Google Cloud, its key growth driver, also saw a sharp rise in profit as demand continued to outpace capacity.

Business

From tanks to banks: Thales profits from Europe’s defence spending

Thales’ sales in the first quarter were supported by increased European defence spending. However, new orders lagged mainly due to a very high comparison base, especially for defence.

Business

Volvo Group posts lower sales and profits as tariff uncertainty hits

The Swedish truck maker’s first-quarter earnings declined sharply due to its sales falling in all regions and in almost all segments, as increased uncertainty surrounding tariffs and their effect on global trade persists.

Business

TSMC: Profit jump and steady outlook cools investor concerns

Contract chipmaker Taiwan Semiconductor Manufacturing Company’s net income was up by 60% in the first quarter, boosted by strong AI demand.

Business

TSMC shares soar as semiconductor firm announces surprise revenue lift

The world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), recorded a 41.6% year-on-year revenue rise in the first three months of the year.

Culture news

What are the biggest-selling vinyl releases of 2025 (so far)?

How many to do own / celebrate on a daily basis / wish were higher in the rankings?

Business

Resellers mark up ‘Dubai chocolate’ as TikTok feeds sweet treat craze

The chocolate bar has already been recreated by Swiss chocolate maker Lindt, as well as several other smaller shops and supermarkets across the world.

Business

Tesla UK sales rise despite unease over Musk’s political involvement

Tesla’s global sales have been increasingly affected by rising competition from Chinese rivals such as BYD and Geely.

Economy

UK retail sales sharply rebound in January beating expectations

Increasing retail sales in January and improving consumer confidence in February could point towards more optimism in the UK economy, however, concerns persist about slow economic growth and the threat of US tariffs.

Economy

UK house price growth slows in February as stamp duty deadline looms

UK house prices stabilised in February, with Scotland and London seeing gains, while Wales and the North East were more sluggish.

Business

Hermès bucks luxury sales slowdown and extends lead over rivals

After end of year results well above analyst predictions, the Paris-based luxury goods group continued to outperform rivals and bucked the trend in a depressed market place.

Business

Arm plans to sell its own chips in an effort to ramp up revenues

The chip designer, Arm, is reportedly competing with its own clients, which include major companies such as Qualcomm, to sell its own chips as it seeks to boost profits.