Electric car company Tesla has cut its prices in a number of major markets – including the US, China and Germany – as it faces falling sales. The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.

Netflix has seen its profits soar in the first three months of 2024 in part due to its crackdown on password sharing. Netflix saw 9.3 million new customers in the first quarter, bringing its total number of subscribers to almost 270 million. The streaming giant said its profits in the first quarter jumped to more than $2.3bn.

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Adidas has announced it is set to make profits of €700m (£598m) in 2024. The announcement comes after the German sportswear giant’s messy situation with Kanye West and his Yeezy shoes. In February, Adidas announced it would sell its remaining Yeezy trainers from its partnership with West for at least cost price.