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Economy

How a 'People’s IPO' is encouraging Central Asia into the stock market

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Business

OpenAI awards millions to nonprofits under new foundation structure

OpenAI was formed as a nonprofit in 2015 but then incorporated a for-profit subsidiary that has grown to be one of the most valuable start-ups in the world.

Business

Puma shares soar on report China’s Anta Sports could bid for brand

The athletics brand saw its shares leap in Frankfurt on Thursday after heavy losses earlier this year.

Business

Siemens reports record annual profit and cash flow as demand holds

Siemens reported stronger-than-expected full-year results and raised its dividend, pointing to solid demand in the face of currency headwinds and ongoing changes to its business mix.

Business

Cyberattack on Marks & Spencer slices profits by more than a half

The hack cost M&S over £300 million in lost sales but the firm said it was able to recover around a third of this through an insurance payout.

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Markets

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

Business

Apple delivers strong results despite global trade war and AI rivalry

Strong demand for iPhones drove the company’s revenue higher in the three months to the end of September, closing its fiscal year with record profits.

Business

Amazon posts biggest cloud growth in years, sending shares up 13%

Amazon reported higher sales and earnings for the third quarter, and it was boosted by its fast-growing web services business.

Business

Meta projects higher expenses for 2026, sending shares plummeting

Meta did not say what it expects 2026 expenses to be, but analysts are forecasting $97 billion (€83.51bn) — according to FactSet.

Business

Alphabet posts first-ever quarter with $100 billion in revenue

Investors celebrated the third-quarter numbers by driving up Alphabet’s stock price more than 6% in Wednesday’s extended trading.

Business

OpenAI completes for-profit restructuring and inks Microsoft agreement

Microsoft will hold a roughly 27% stake, worth around $135bn, in the for-profit firm.

Business

HSBC sees 14% profit drop after provision hit from Madoff lawsuit

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.

Business

Tesla profits fall despite higher sales, hitting share price

Tesla reported a fourth straight decline in quarterly profit even as sales rose, triggering a drop in its shares in after-hours trading. Meanwhile, CEO Elon Musk is betting on the robotaxi branch to revitalise the company's future.

Markets

Italy's UniCredit sees record profits as Commerzbank advance drags on

UniCredit shareholders prepare for a bumper payout as the bank forecasts profits of more than €10 billion this year.

Business

Netflix blames tax dispute in Brazil for rare earnings letdown

Netflix shares were down more than 6% in extended trading after the company delivered weaker-than-expected results.

Business

Microsoft deal brings OpenAI closer to becoming a for-profit firm

OpenAI is hoping to restructure itself into a for-profit company, although the move still requires approval from regulators in California and Delaware.

Business

Nvidia AI chips sales rise but so do fears of an AI bubble bursting

Nvidia, the world’s most valuable company, is not seeing its sales grow as quickly as expected, fuelling investors’ worries about a persisting tech bubble.