bbc.co.uk
Japan beer giants raided over alleged price-fixing cartel
Japanese beer giants Asahi, Kirin, and Suntory are under investigation for price-fixing. Their share prices fell after news of the investigation broke.
Business
Funding, M&A, enterprise deals, and market dynamics.
30 stories
bbc.co.uk
Royal Mail to Cut 2,500 Jobs as It Battles Competition and Falling Demand
Royal Mail plans to cut 2,500 jobs, including 2% of its workforce, to improve efficiency. Frontline posties and drivers are protected from the cuts.
Khadijah Program Opens Pathways to Global Markets for Women
techjuice.pk
Khadijah Program Opens Pathways to Global Markets for Women
The Khadijah Women Entrepreneurship Program, organized by Pakistan Single Window, aims to empower women entrepreneurs for international trade through knowledge, financial access, and institutional support.
arabnews.com
Jordan unveils industrial strategies to boost exports, investment through 2029
Jordan has launched three new industrial strategies targeting engineering, food, chemical industries, and cosmetics to enhance productivity, exports, and investment through 2029.
theguardian.com
Goodbye Warner, hello Skydance: how will the major merger really impact Holllywood?
Paramount and Warner Bros have officially merged under Skydance, reducing Hollywood's major studios to four. This $111 billion acquisition will lead to streaming service consolidation and higher prices, alongside concerns about layoffs and editorial independence.
Robinhood Adds Bitcoin Worth $25 Million to Its Balance Sheet
coindesk.com
Robinhood Adds Bitcoin Worth $25 Million to Its Balance Sheet
Robinhood has reportedly added $25 million in bitcoin to its corporate balance sheet, according to a senior executive. This move aligns the company with other public firms holding BTC as a treasury asset.
channelnewsasia.com
Vietnam's central bank says inflation is higher than targeted but remains under control
Vietnam's central bank acknowledged September's annual inflation of 5.08% is above target but asserts it remains under control despite pressures from global interest rate hikes and imported fuel costs.
news.crunchbase.com
Crunchbase Data Shows AI’s Most Active Startups Are Becoming Serial Acquirers
AI startups are increasingly engaging in acquisitions to accelerate growth, fill product gaps, and enter new markets. OpenAI leads this trend, but other well-funded AI companies in legal tech and customer service are also actively acquiring smaller firms.
punchng.com
Nigeria overtakes four nations in Africa investment ranking
Nigeria has climbed four places to eighth in Africa's latest investment risk ranking, surpassing Rwanda, Tanzania, Kenya, and Namibia, according to a Bloomberg report. This improvement is attributed to economic reforms implemented by President Bola Tinubu.
kr-asia.com
Coffee in 58 seconds: Inside Hi-Dolphin’s global robot cafe push
Chinese company Hi-Dolphin is rapidly expanding its Cofe+ robot cafes globally, offering automated coffee preparation with customized latte art in under a minute at significantly reduced operational costs.
decrypt.co
Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months
Strive, a Bitcoin treasury company, purchased 2,000 BTC for approximately $169 million between September 28 and October 2, marking its largest acquisition in four months. The company's total holdings now exceed 29,400 BTC.
spectrum.ieee.org
6 Guidelines for Governing AI
As AI systems become more integrated into business, the focus shifts from building them to governing their operations, decisions, and boundaries.
theguardian.com
Gordon Ramsay’s UK restaurants stay in red despite sales topping £100m
Gordon Ramsay's UK restaurant arm narrowed its losses to £5.8m last year, despite achieving record sales of almost £101m for the first time, driven by new openings and a Netflix documentary.
jeuneafrique.com
In Senegal, Petrosen Hopes to Launch Sangomar 2 by 2028
Senegal's national oil company, Petrosen, aims to launch the second phase of the offshore Sangomar oil field development by 2028, planning to add approximately eight new wells to maintain or increase production.
mothership.sg
Singapore Hair Salon Admits to Purchasing Fake Reviews
Singapore hair salon Picasso Hair Studio admits to buying fake reviews to earn more incentives, removing four fake reviews and working on removing the rest.
cnbc.com
How AI is redefining Wall Street jobs — and boosting demand for this new 'hottest skill' by 1,721%
AI is creating new jobs on Wall Street, with postings for AI-related roles surging 49% this year. Demand for 'agent orchestration' skills has exploded by 1,721%, making it a highly sought-after expertise.
technologyreview.com
Making AI an asset, not an expense
As AI moves from experimentation to production, organizations face a critical economic decision: continue paying per request or invest in dedicated capacity. The key is determining when sustained, predictable demand makes owning AI infrastructure more cost-effective and c…
Smile-Up’s president announces he will step down
japantimes.co.jp
Smile-Up’s president announces he will step down
Smile-Up President Noriyuki Higashiyama announced his resignation, effective Wednesday, as the company continues compensating victims of sexual abuse by its late founder, Johnny Kitagawa. Masayuki Yamada, the chief compliance officer and a lawyer, will succeed him.
theguardian.com
Anthropic warns of ‘existential risks to humanity’ from AI; AstraZeneca makes $2bn cancer drug tie-up – business live
AI firm Anthropic's IPO filing warns of catastrophic risks from advanced AI, even as it seeks a $2tn valuation. Separately, AstraZeneca announced a $2bn cancer drug partnership.
techcrunch.com
Anthropic’s prospectus details losses, growth, and, yes, a warning that its AI could end humanity
Anthropic's IPO prospectus reveals significant financial growth alongside substantial operating losses due to massive infrastructure spending, while also dedicating nearly a third of the document to severe AI risk factors, including the potential for its models to end hum…
cointelegraph.com
Coinbase Gets CFTC Approval for US Derivatives Clearinghouse
Coinbase has received approval from the CFTC to launch its own US-based derivatives clearing organization, Coinbase Clearing LLC. This allows the company to clear fully collateralized futures and options, enhancing its derivatives infrastructure.
bbc.co.uk
Aldi boss says some loyalty discounts 'dupe' customers
Aldi's UK chief executive, Giles Hurley, has criticized rival supermarkets' loyalty discount schemes, claiming some 'dupe' customers with unrealistic initial prices before reductions. Aldi remains the only major chain without such a scheme, focusing instead on everyday lo…
bitcoinmagazine.com
Strategy and Strive Scoop Up More Than 2,700 Bitcoin in a Week
Strategy and Strive, two major corporate holders of Bitcoin, collectively purchased 2,773 BTC worth $232.5 million last week, signaling continued accumulation despite market volatility and recent sales by other treasuries.
Court orders NMDPRA to continue issuing fuel import licences to Matrix, AA Rano, AYM Shafa
premiumtimesng.com
Court orders NMDPRA to continue issuing fuel import licences to Matrix, AA Rano, AYM Shafa
A Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing and renewing fuel import licenses to three major oil marketers, ruling that the regulator's refusal violated the Petroleum Industry …
arabnews.com
Riyadh summit puts Gulf-Europe investment in AI and technology in focus
The second EU-GCC Summit in Riyadh on October 24 will mark a new economic phase, shifting focus from traditional trade to strategic investment in technology, AI, clean energy, and digital infrastructure.
timesofindia.indiatimes.com
Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate
Tata Trusts, holding a 66% stake in Tata Sons, has proposed merging two operating companies, TESS and TCE, with the holding company to avoid the RBI's listing mandate for upper-layer NBFCs and core investment companies.
cointelegraph.com
Bitget CEO Says $388M Hack Exploited Third-Party Security Vulnerability
Bitget's $388 million crypto hack resulted from a third-party security flaw, not a breach of the exchange's private keys. CEO Gracy Chen stated the attacker used compromised credentials to issue fraudulent withdrawals.
theverge.com
The SaaSpocalypse that wasn’t, with Atlassian CEO Mike Cannon-Brookes
Atlassian CEO Mike Cannon-Brookes discusses how AI is impacting enterprise software, refuting the "SaaSpocalypse" theory by arguing AI is actually increasing the use of Atlassian's collaboration tools like Jira and Trello.
Sushi wars roll into America as Japan’s top chains face off
japantimes.co.jp
Sushi wars roll into America as Japan’s top chains face off
Japanese conveyor-belt sushi giant Sushiro is expanding into the U.S. market, opening its flagship outlet near Times Square in October, aiming to capitalize on America's growing appetite for sushi with its casual, mass-market model.
Dangote refinery drove Nigeria’s petrol supply in August as NNPC refineries remain shut — Report
premiumtimesng.com
Dangote refinery drove Nigeria’s petrol supply in August as NNPC refineries remain shut — Report
Nigeria's domestic petrol supply in August was primarily driven by the Dangote refinery, as the country's state-owned NNPC refineries remained non-operational. This led to a significant increase in crude oil receipts by domestic refineries and a notable drop in petrol imp…