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BUSINESSOct 8Elon Musk blames Indian 'oligarchs' for stalling Starlink launchSpace X founder Elon Musk accused oligarchs in India of keeping Starlink out of the country to protect their monopoly over consumers.CNBC
BUSINESSOct 8Japan Today Spotlight #83 | Why are foreign business owners leaving Japan?Japan has dramatically tightened its business manager visa requirements, raising the minimum capital requirement from ¥5 million to ¥30 million and introducing stricter conditions for foreign entrepreneurs. The…Japan Today
BUSINESSOct 8Workers, mostly Indian, building US consulate in Milan agree to record settlementForeign workers building the vast new US consulate compound in Milan signed agreements at a Milan hotel Wednesday securing payouts averaging €45,000 (US$50,400) each for alleged labour abuses while working for an American construction company. More than 60 labourers, mostly from India, signed the deals Wednesday to receive their share of a €31 million (nearly US$35 million) settlement agreed last month with Alabama-based Caddell Construction. The signings began Tuesday. Prosecutors say it is the...South China Morning Post
BUSINESSOct 8China boss gifts top employees new BMWs to protect them from harsh weather commutesA restaurant boss in China has received widespread online admiration for gifting brand-new BMWs to her top-performing employees because she hated seeing them brave harsh weather on electric bikes during their commutes. Ma Yanli, owner of a beef hotpot chain headquartered in Jiaozuo, in central Henan province, took some of her workers to collect their new BMWs on September 24. The cars, each priced at 300,000 yuan (US$45,000), had been bought by Ma two weeks earlier with full payment, Henan TV...South China Morning Post
BUSINESSOct 8Will Huanggang Port opening boost spending at Shenzhen’s border retail shops?Retail businesses in Shenzhen are gearing up for the imminent opening of the revamped Huanggang Port at the border Hong Kong shares with mainland China, but some fear the area still lacks commercial appeal to make travellers stay. After six years of redevelopment, the expanded checkpoint is due to open on October 12, according to a source. It will adopt the “joint inspection” model for immigration clearance, which is expected to cut the previous clearance time from about 30 minutes to five...South China Morning Post
BUSINESSOct 8IMF reaches tentative $1.21 billion bailout deal with PakistanPakistan's dependence on Gulf energy imports, remittances and regional financing has left the economy exposed to the fallout from the Middle East conflict.DW News [en]
BUSINESSOct 8Oil gains as Middle East hostilities stoke supply worriesCNBC
BUSINESSOct 8Protect the middle? Why Southeast Asia should care about a vulnerable classAs households across Southeast Asia face rising prices, higher borrowing costs and insecure jobs, analysts say governments should do more to protect a middle class that drives consumer spending but can fall between the cracks of social protection systems designed primarily for poorer households. The issue has come into sharper focus in the Philippines, where the Asian Development Bank Institute (ADBI) urged the government in September to provide targeted support for the middle class to protect...South China Morning Post
BUSINESSOct 8The automaker owner of Fiat and Peugeot does not rule out closing its factories in ArgentinaLo dijo el titular de Stellantis para Sudamérica, Herlander Zola. "Podríamos trasladarnos de una a otra, mantener ambas, cerrar una y conservar la otra, o cerrar ambas", planteo. Entre ambos establecimientos trabajan 5.000 personas.Clarín
BUSINESSOct 8Applied Digital targets 3.5 to 4 GW by end of 2030 as it expects over 600 MW to enter service in the next 12 monthsApplied Digital aims to reach 3.5 to 4 GW capacity by the end of 2030, with over 600 MW expected to become operational within the next year. This indicates the company's ambitious growth strategy.Seeking Alpha Tech
BUSINESSOct 8Elon Musk hits out at ‘certain oligarchs’ for blocking Starlink in IndiaElon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal. SpaceX has been awaiting approval from Prime Minister Narendra Modi’s government to offer Starlink service in India, where companies controlled by Ambani’s Reliance Industries and Mittal’s Bharti Airtel have spent years building formidable positions in telecoms. “Unfortunately, we are being blocked by certain oligarchs in...South China Morning Post
BUSINESSOct 8End ‘wholesale restrictions’ on Chinese EVs in US, experts sayThe United States should engage with Chinese carmakers and battery manufacturers “strategically”, using targeted safeguards instead of the current “wholesale restrictions”, which could lead US carmakers to lose global market share, according to experts. “We need to consider strategic partnerships,” said John Helveston, an associate professor at George Washington University, during a discussion on Tuesday. “So not just wholesale restrictions, but look at some of the best opportunities and let...South China Morning Post
BUSINESSOct 8Levi Strauss outlines $1.54-$1.56 FY2026 EPS as it expects 4% organic Q4 revenue growth while redeploying $60M of tariff refundsLevi Strauss has provided its fiscal year 2026 EPS forecast and anticipates 4% organic revenue growth for Q4, alongside the redeployment of $60 million in tariff refunds. This details the company's financial expectations and resource allocation.Seeking Alpha Tech
BUSINESSOct 8US stocks slide as oil prices fluctuate over renewed Iran war fearsOil prices rose on fresh concerns about Middle East supplies, before falling on the possible release of more reserves.Al Jazeera [en]
BUSINESSOct 8Mainland Chinese arrivals to Hong Kong beat ‘golden week’ forecast in just 6 daysMainland Chinese visitor arrivals in Hong Kong exceeded the government’s forecast for the entire National Day “golden week” holiday in the first six days, as major shopping centres and hotel operators reported brisk business. The city recorded 1.3 million mainland visitor arrivals over the first six days of the week-long break, up by 11.6 per cent from the same period last year and surpassing the government’s forecast of 1.29 million for the entire holiday, according to Immigration Department...South China Morning Post
BUSINESSOct 8AEDC expands digital channels for customer servicesBy Obas Esiedesa, Abuja ABUJA — The Abuja Electricity Distribution Plc, AEDC, has expanded its digital service channels with the launch of its MyPower Mobile and Web Apps to enable customers access and manage electricity services remotely. The platforms bring key customer services into a single digital ecosystem, allowing customers to purchase electricity tokens, pay […] The post AEDC expands digital channels for customer services appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7European Court of Auditors warns of rapidly rising EU debt burdenDe Europese Rekenkamer (ERK) is bezorgd over de groeiende schuldenlast van de Europese Unie. Die schuld is de afgelopen jaren opgelopen naar 740 miljard euro. In 2027 zal de EU-schuld waarschijnlijk verder groeien naar 1 biljoen (1.000.000.000.000) euro. Die stijging van de schulden komt vooral door de steun aan Oekraïne, stijging van de rente, uitgaven aan defensie en het coronaherstelfonds. Dat fonds werd in 2020 in het leven geroepen om de economische crisis, veroorzaakt door de coronapandemie, te stutten. Uit dat coronaherstelfonds moet nog voor ruim 112 miljard euro aan herstelbetalingen NOS Buitenland
BUSINESSOct 7Confirmed and official | The SSA ratified the payment dates for October 2026 for all beneficiariesAlgunas personas recibirán dos pagos correspondientes a la misma prestación.Aquí, el cronograma completo para los beneficiarios del SSA.Clarín
BUSINESSOct 7Inflation reached 6.29% in September and completes 8 months on the riseEs la inflación anual más alta desde julio de 2024 y prolonga la tendencia al alza que comenzó en febrero. The post Inflación llegó al 6,29% en septiembre y completa 8 meses al alza appeared first on La Silla Vacía.La Silla Vacía
BUSINESSOct 7Crude oil turns lower as IEA agrees to accelerate oil stock release, prioritize dieselCrude oil prices are declining after the International Energy Agency agreed to speed up the release of oil stocks and prioritize diesel. This decision impacts global energy supply and market stability.Seeking Alpha Tech
BUSINESSOct 7Samsung quarterly profit surges to $80bn on AI chip demandWorld’s largest memory-chip maker posts record earnings for the three months to SeptemberFinancial Times
BUSINESSOct 7MinEnvironment wants to improve the baselines of the carbon marketLas líneas base son las emisiones de gases de efecto invernadero previstas que se producirían si un proyecto no se implementa. The post MinAmbiente quiere mejorar las líneas base del mercado de carbono appeared first on La Silla Vacía.La Silla Vacía
BUSINESSOct 7RGP expects Q2 revenue of $95M-$100M as it targets utilization and cost alignmentRGP anticipates second-quarter revenue to be between $95 million and $100 million, as the company focuses on optimizing utilization and aligning costs. This reflects the company's financial expectations and operational strategy.Seeking Alpha Tech
BUSINESSOct 7Samsung forecasts record third-quarter profit of $80 billion on the back of AI boomSamsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time.CNBC
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