Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world auction record for a new car. Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profilée sold at…

KKR is set to present a non-binding offer to buy Telecom Italia’s fixed-line business, said people briefed about the matter.The offer, which could be sent to the Telecom Italia board as early as Thursday, could unlock the stalemate over the debt-laden company’s future. Recent discussions…

Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in after-hour trading.Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according…

For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential. But after a brutal year in which the company lost more than $600 billion in market value, Zuckerberg has started speaking Wall Street’s language…

Meta shares jumped on Wednesday after the social media company’s sales for the final quarter of 2022 came in better than expected and it authorised an additional $40bn in share buybacks.Meta, which owns Facebook, Instagram and WhatsApp, reported revenues of $32.2bn, a 4 per cent…

Nearly 40 individuals and entities declared as being under sanctions, including three Russian tycoons, hold British property through offshore vehicles, according to an analysis of an official ownership register.The British government launched the register in August 2022 in an effort to tackle the flow of…