Negosyo
Chubb edits diversity pages on website, citing focus on meritocracy
Petra Hartmann Larawang ginawa ng AI Fact checked
Chubb has edited and, in some cases, removed webpages describing diversity and racial-justice initiatives. A company spokesperson told The Daily Wire the updates were made to better reflect a merit-based culture.
Creecy launches RFI for Prasa's 600 million passenger trips
Transport Minister Barbara Creecy has issued a request for information to attract private investment in rebuilding South Africa's passenger rail network, targeting 600 million annual journeys by the end of the decade. The initiative emphasizes state ownership while seeking market input to design the future of rail amid past challenges like theft and mismanagement. Recent improvements in service reliability offer cautious optimism for recovery.
Lutnick to meet Korean and US business leaders at APEC in Gyeongju
U.S. Commerce Secretary Howard Lutnick will hold a business roundtable with leaders of major Korean and American companies in Gyeongju on October 29, 2025. The event, a sideline to the summit between President Lee Jae Myung and U.S. President Donald Trump, is set to discuss industrial cooperation amid a pledged $350 billion investment from Seoul. The two countries are negotiating details of a potential bilateral trade agreement.
Yale study finds Musk's politics cost Tesla over 1 million sales
A Yale University study estimates that Elon Musk's partisan political activities since 2022 have reduced Tesla's U.S. sales by 1 to 1.26 million vehicles. The research highlights how Musk's actions alienated Democratic buyers, Tesla's core customer base, while boosting competitors' electric vehicle sales. Despite this, Tesla's focus on AI and autonomous technology offers potential recovery paths.
KDDI partners with Google Cloud Japan on responsible AI search
KDDI announced on October 29 an agreement with Google Cloud Japan to develop a 'responsible' AI search service that displays only content consented to by creators. The service will leverage Google's AI assistant Gemini and is set to launch in spring 2026. It aims to build a generative AI search model that respects copyrights.
Halloween horrors spotlight South African challenges in 2025
October 29, 2025 20:31Odii and Jimmy-Eboma to lead discussions at SSE Lab’s MBA business showers
October 29, 2025 20:10Vfd group reports 61% profit surge to n7.99bn in q3 2025
October 29, 2025 17:19Juan Martín Caicedo to step down from CCI presidency after over 20 years
October 29, 2025 16:43Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex
October 29, 2025 07:42Andi highlights uncertainty from labor and tax reforms in Colombia
October 29, 2025 07:24Tesla ramps up hiring for cybercab production in austin
October 29, 2025 06:02Trump organization reports major crypto earnings in 2025
October 29, 2025 00:06Cement producers' revenue surges 32% to N4.79trn on higher sales
October 28, 2025 23:10Huila assembly awards Conecttic for 15 years of service
Tesla shareholders prepare to vote on Musk's $1 trillion pay package
Nicole Parks Larawang ginawa ng AI
Tesla shareholders are set to vote on November 6, 2025, on a proposed compensation package for CEO Elon Musk that could be worth up to $1 trillion if ambitious performance goals are met. The plan has sparked division, with proxy firms recommending rejection while major investors show support. Tesla's board warns that failure to approve could lead to Musk's departure.
Japan government keeps basic economic view unchanged in October
The Japanese government kept its basic economic assessment unchanged in a monthly report released on October 29. It maintained its views on the overall recovery pace and major sectors. However, it downgraded its outlook on business failures for the first time since January 2023, acknowledging an increase.
AB InBev set to replace Heineken as Champions League beer sponsor
Budweiser brewer AB InBev is entering exclusive talks to become the new official beer sponsor of soccer's Champions League, ending Heineken's three-decade partnership. The six-year deal, starting in 2027, would cover all UEFA men's club competitions and is valued at around 200 million euros per season. This marks the first major commercial agreement under UEFA's new sales agent, Relevent.
SK hynix posts record q3 operating profit of 11.38 trillion won
SK hynix achieved a record quarterly performance in the third quarter, fueled by surging demand for AI chips. Operating profit reached 11.38 trillion won, up significantly from the previous year, with revenue hitting 24.44 trillion won. The results were driven by strong sales of high-bandwidth memory and other high-performance products.
Samsung Electronics Q3 net profit rises 21% on chip sales
Samsung Electronics reported a 21% increase in third-quarter net profit to 12.22 trillion won on October 30. The semiconductor division's record performance, driven by the AI boom, led the gains. Operating profit surged 32.5% to 12.16 trillion won, beating market expectations.