Author: OMN AI

Tesla posted its highest quarterly revenue ever, yet profits dropped steeply. Rising tariffs, growing research costs, and stiff competition weighed on earnings despite strong sales. Record revenue masks profit decline For the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, a 12% increase from last year. Profits, however, fell 37%, affected by higher tariffs and increased spending on research and development. Investors reacted cautiously. Tesla shares fell 3.8% in after-hours trading after the results. Still, the company’s market value remains around $1.4 trillion, fueled by confidence in Elon Musk’s long-term plans for AI and robotics. Tax credit…

Coca-Cola reported third-quarter earnings that exceeded analysts’ expectations, sparking optimism among investors. The positive results highlighted the company’s ability to maintain strong performance amid challenging market conditions. Revenue growth was driven by increased beverage sales across multiple regions. Coca-Cola’s portfolio of sparkling drinks, juices, and new product lines contributed to the better-than-expected results. Analysts noted that the company’s strong brand presence and marketing strategies helped sustain demand, even as consumer spending patterns shifted. Earnings per share surpassed estimates, reflecting efficient cost management and operational discipline. The company has focused on streamlining production, optimizing supply chains, and controlling expenses, which helped…

A major UK study has found that antidepressants can cause widely differing physical side-effects, including changes in weight, heart rate, and blood pressure, depending on the medication. Researchers from King’s College London and the University of Oxford analysed data from 151 clinical studies involving more than 58,000 people, comparing the effects of 30 commonly prescribed antidepressants. They discovered weight changes of up to 4kg between some drugs, even within just eight weeks of use. For example, patients on maprotiline gained around 2kg, while those on agomelatine lost roughly 2.5kg. Nearly half of people taking maprotiline or amitriptyline gained weight, while…

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

France Introduces Penalties for Ultra-Fast Brands France has become the first European nation to directly tax fast fashion in an effort to reduce textile waste and pollution. The new legislation adds a €5 charge to each low-cost garment sold, increasing to €10 by 2030. The fee will vary depending on a company’s environmental record and cannot exceed half the item’s pre-tax price. The law also requires an environmental impact score on clothing labels to help shoppers make more sustainable choices and discourage throwaway purchases. Brussels Targets Cheap Imports from Abroad The European Commission is preparing its own set of measures…

Pizza Hut’s UK restaurant operator has entered administration, with 68 restaurants and 11 delivery-only sites set to close, putting 1,210 jobs at risk. DC London Pie, which ran Pizza Hut’s UK dine-in locations under franchise from Yum! Brands, appointed administrators from FTI Consulting on Monday. In a pre-pack administration deal, Yum! Brands — which also owns KFC and Taco Bell — has bought back 64 restaurants, safeguarding 1,276 jobs and taking direct control of those sites. The closures affect locations across the UK, including Finchley Lido in London, Carlisle, and Rhyl in north Wales. FTI joint administrator Matt Callaghan said…

Amazon Web Services (AWS) said late Monday that it had repaired a large-scale outage that disrupted access to thousands of websites and apps for much of the day. More than 1,000 platforms — including Snapchat and major banks such as Lloyds and Halifax — went offline after technical problems hit Amazon’s core cloud network in the United States. Downdetector, a global outage tracker, registered over 11 million user complaints during the disruption. Technology analysts said the incident underscored how dependent the modern internet and global economy have become on a few powerful companies. Millions cut off as online services collapse…

Millions of young people could miss out on safe and effective treatments because so few take part in medical research, experts warn. New data show Gen Z makes up 8% of England’s population but only 4.4% of research participants, leaving their health needs underrepresented. Between 2021 and 2024, just 32,879 people aged 18–24 joined NIHR-backed studies — about seven per trial. “Young people face unique health challenges shaped by life transitions and social pressures,” said Kirsty Blenkins of the Association for Young People’s Health. “If research excludes them, treatments may be unsafe or ineffective.” Barriers include limited awareness, poor recruitment,…

Cargo aircraft ends up in sea after failed landingTwo airport employees were killed when a Boeing 747 cargo jet overshot the runway and crashed into the water at Hong Kong International Airport early Monday morning. The freighter, operated by ACT Airlines on behalf of Emirates SkyCargo, had flown in from Dubai and was attempting to land on the north runway around 3:50 a.m. when it veered off course. The plane broke through a security fence and collided with a patrol vehicle before stopping with its nose submerged in the sea. All four crew members were rescued and taken to hospital…

The Centers for Disease Control and Prevention (CDC) has reversed the termination of over 600 employees, acknowledging procedural errors in the prior dismissal process. The agency said the decision will help maintain ongoing public health initiatives across the country. Officials confirmed that the terminations, which affected staff in multiple departments, were reviewed after internal audits found inconsistencies in how employment rules were applied. The CDC emphasized that correcting these errors is critical to sustaining its work in disease prevention and health research. “This reinstatement ensures our teams can continue vital public health operations without interruption,” a CDC spokesperson said. “Our…