BUSINESS

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Tesla shares jumped more than 6% on Monday after Elon Musk announced he had purchased approximately $1 billion (£735 million) worth of the company's stock. The move by Musk, who already held a 13% stake, is being seen as a strong signal of confidence in the electric car maker, which has struggled to gain ground this year, especially with its plans to invest in robotaxis, automation and artificial intelligence (AI).

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Nebius Group shares surged on Tuesday after the Amsterdam-based artificial intelligence infrastructure firm announced a landmark partnership with Microsoft. The multi-year agreement, valued at $19.4 billion, will see Nebius supply cloud computing power to support Microsoft's rapidly expanding AI operations.

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Jaguar Land Rover (JLR) is still grappling with the fallout from a cyberattack that struck its systems over a week ago, with UK production facilities now slated to remain closed until at least Wednesday. The attack has impacted car plants at Halewood and Solihull, its Wolverhampton engine facility, and additional production sites in Slovakia, China, and India, forcing a widespread operational shutdown.

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After conjuring up a magical streaming hit, Netflix’s animated film “KPop Demon Hunters” is now casting a spell over store shelves, with retailers racing to capture consumer excitement through themed snacks and meals.

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Lululemon shares plummeted on Thursday after the company warned that President Donald Trump's tariffs and the closure of a duty-free loophole would significantly impact its business. The Canadian company estimates the new US levies and the end of the "de minimis" exemption will cost it roughly $240 million this year. The now-closed exemption allowed companies to ship online orders worth $800 or less into the US duty-free.

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Authorities have dismantled what anti-piracy experts are calling the world’s largest hub for illegal live sports streaming. Streameast, a site that drew more than 1.6 billion visits in the past year, was shut down this week following a joint operation between the Alliance for Creativity and Entertainment (ACE) and Egyptian police.