Economics

Tesla faces pushback on self-driving approval in EU

Tesla is running into some real friction in Europe as it pushes to get its Full Self Driving system approved, with regulators raising concerns that could slow things down.

05 May 2026-16:39
Ferrari tops Wall Street’s first-quarter expectations ahead of EV debut

Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks ahead of the sports car maker revealing its first all-electric vehicle.

05 May 2026-16:34
Gartner raises profit forecast on strong AI service demand

Gartner (IT.N), opens new tab on Tuesday raised its annual profit forecast driven by steady demand for its research and advisory services, as companies continue to ‌assess technology upgrades and AI adoption plans.

05 May 2026-16:30
Crypto exchange Coinbase to cut about 14% of workforce

Coinbase (COIN.O), opens new tab said on Tuesday it will cut about 700 jobs, or about 14% of its global workforce, as part of a restructuring plan aimed at ‌reducing costs and repositioning the business for the artificial intelligence era.

05 May 2026-16:30
Microsoft, xAI and Google will share AI models with US gov't for security reviews

Microsoft (MSFT.O), opens new tab, Alphabet-owned (GOOGL.O), opens new tab Google and Elon Musk's xAI will give the U.S. government early access to new artificial intelligence models before their public release to allow checks for ‌national security risks under a new deal.

05 May 2026-16:25
Shopify stock falls 7% as profit miss offsets revenue beat

A strong artificial intelligence-driven rally has pushed nine companies in the S&P 500 to double in value so far in 2026, highlighting how investor enthusiasm for AI continues to shape market performance.

05 May 2026-16:06
Coinbase shares advance despite layoff plan

05 May 2026-16:00
Bank of England sees £125 billion QE loss

The Bank of England has estimated that its quantitative easing programme will result in a net lifetime loss of around £125 billion ($169 billion), with the cost set to be covered by the British government.

05 May 2026-15:36
Iran says no concerns over food supply despite external pressures

A senior Iranian lawmaker has said there are no concerns over the supply of agricultural products and essential goods in the country, adding that potential external pressures, including reported threats of a naval blockade, would not affect the agricultural sector due to the country’s high level of domestic self-sufficiency.

05 May 2026-14:55
Indonesia's economy grows as government spending surges

Indonesia's economy expanded by 5.61 percent year on year in the first quarter of 2026, supported by broad-based growth across multiple sectors and a sharp increase in government spending, Statistics Indonesia (BPS) said on Tuesday.

05 May 2026-14:54