Business
AB InBev set to replace Heineken as Champions League beer sponsor
Cory Gould AI द्वारा उत्पन्न छवि
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.
Vfd group reports 61% profit surge to n7.99bn in q3 2025
Vfd group has reported a 61% increase in profits for the third quarter of 2025. The surge brings the company's profit to n7.99 billion.
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.
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.
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.
Japan government keeps basic economic view unchanged in October
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SK hynix posts record q3 operating profit of 11.38 trillion won
Raj Patel AI द्वारा उत्पन्न छवि
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.
Tesla shareholders prepare to vote on Musk's $1 trillion pay package
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.
Juan Martín Caicedo to step down from CCI presidency after over 20 years
Juan Martín Caicedo, executive president of the Colombian Chamber of Infrastructure (CCI), announced his resignation from the role this Wednesday after over two decades leading the guild. He will officially hand over the presidency in February 2026 during the Statutory Assembly in Bogotá. Caicedo has been the sole executive president since the entity's founding in 2003.
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.
Chubb edits diversity pages on website, citing focus on meritocracy
Petra Hartmann तथ्य-जाँच किया गया
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.