Business
Samsung Electronics Q3 net profit rises 21% on chip sales
Raj Patel Image generated by AI
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.
Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, witnessed the signing of a contract between Al-Ahram Chemicals and Resins and the Main Development Company to build an industrial complex for formaldehyde and derivatives in Sokhna Industrial Zone. The $10m investment is expected to create 150 direct jobs. Commercial operations are set to start in early 2027.
Veja awards top 30 best companies in Brazil in inaugural ranking
Revista Veja Negócios held the first edition of the TOP30 – Best Companies in Brazil ranking, in partnership with Austin Rating, awarding companies from 30 sectors based on financial statements from 2022 to 2024. The event took place at Hotel Palácio Tangará in São Paulo, with Governor Tarcísio de Freitas in attendance. The awards recognized financial results, exemplary governance, and sustainable growth.
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.
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.
Bending spoons acquires aol for 1.5 billion dollars
October 30, 2025 11:16Big tech's emissions dispute ensnares greenhouse gas protocol
October 30, 2025 09:51Geopark directors reject parex resources offer
October 30, 2025 02:37BSP forecasts October 2025 inflation at 1.4% to 2.2%
October 30, 2025 01:11Oil firm challenges property sale in high court
October 30, 2025 00:33Japan government keeps basic economic view unchanged in October
October 29, 2025 22:01Halloween 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
AB InBev set to replace Heineken as Champions League beer sponsor
Cory Gould Image generated by AI
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.
Sigma Europa signs agreement with Vall Companys to boost fresh meats business
Sigma Europa, a subsidiary of Alfa, has signed an agreement with Grupo Vall Companys to restructure its fresh meats business and enhance profitability. The alliance aims to optimize pork processing and ensure a stable supply. The deal is subject to approval by Spanish authorities.
Chubb edits diversity pages on website, citing focus on meritocracy
Petra Hartmann 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.
Nissan forecasts 275 billion yen operating loss for 2025-26
Struggling Japanese automaker Nissan has forecasted an operating loss of 275 billion yen for its fiscal year ending March 2026, amid ongoing economic headwinds. The company reported a better-than-expected operating loss of 30 billion yen for the first half through September.
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.