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BUSINESSOct 7Luxury developers flocked to the 'Hamptons of Hungary' — but some projects are stallingLake Balaton in south-west Hungary has been a popular vacation destination for decades, but average transaction prices are falling.CNBC
BUSINESSOct 7DeepSeek eyes doubling latest funding round to $15B: reportDeepSeek is reportedly considering doubling its latest funding round to $15 billion. This indicates a significant potential financial expansion for the company.Seeking Alpha Tech
BUSINESSOct 7Record bets against the euro: how low could it fall amid France's fiscal crisis and Europe's energy shock?The euro hit a 17-month low as French debt fears and Europe's energy shock weigh on the currency. Bond market stress could limit further ECB rate hikes, while analysts see scope for the euro to fall to $1.10 if the pressure intensifies.EuroNews [en]
BUSINESSOct 7Ballard secures 4.8 MW order for Romania’s first hydrogen train fleetBallard has secured a 4.8 MW order to provide technology for Romania's first hydrogen train fleet. This represents a significant step in the adoption of hydrogen technology in transportation in Romania.Seeking Alpha Tech
BUSINESSOct 7India’s central bank hikes rates for the first time since 2023 as inflation risks buildHSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.CNBC
BUSINESSOct 7After Amul row, Nandini milk parlours to come up in 30 locations outside metro stations and 90 other locations in GBA limitsMilk and paneer are two essential and daily commodities for people. Hence, locating parlours outside parks, metro stations, playgrounds, etc. will help people buy products as and when they need it, says an official of Karnataka Milk FederationThe Hindu
BUSINESSOct 7Village Super Market GAAP EPS of $0.92, revenue of $609.6MVillage Super Market reported its GAAP EPS as $0.92 and revenue as $609.6M. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESSOct 7Messi is already thinking about his life after football: this is the business he wants to dedicate himself to when he definitively retires from the fieldsEl argentino habló sobre su futuro y sus movimientos empresariales muestran que su siguiente etapa podría estar lejos de los banquillos.El Tiempo
BUSINESSOct 7US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global marketsUS firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...South China Morning Post
BUSINESSOct 7HSBC to cut UK wealth roles, financial advisers down ~70%: FTHSBC reportedly plans to reduce its wealth roles and the number of financial advisors in the UK by approximately 70%. This move indicates a significant restructuring within the bank's operations.Seeking Alpha Tech
BUSINESSOct 7SpaceX seeks $40B in Apollo-led deal to buy Nvidia chips, FT reportsSpaceX is reportedly pursuing a $40 billion deal, led by Apollo, to acquire Nvidia chips. This potential transaction highlights a major investment in chip technology for SpaceX.Seeking Alpha Tech
BUSINESSOct 7Robust AI spending sets investors up for another bumper US earnings seasonS&P 500 earnings are forecast to rise 27% against a backdrop of stock market highs and elevated longer-term borrowing costsFinancial Times
BUSINESSOct 7Brussels looks to capture Big Tech through tax on large corporationsEuropean Commission considers a broad levy on all large companies to avoid singling out US digital services groupsFinancial Times
BUSINESSOct 7What comes next with the energy shock?The disruption to oil supply, oil prices and the world economy has been surprisingly manageable so farFinancial Times
BUSINESSOct 7Viral trapped shark in South Korea brings tourism, retail windfall to BusanA marooned three-metre-long (nine feet) shark in South Korea has drawn more than a million visitors to the coastal city of Busan, boosting local retail sales and triggering a trademark war, as authorities rush to stop opportunistic vendors from cashing in on the viral phenomenon. The shark, nicknamed “Bukangi” in reference to the park where it has become trapped, has become an internet darling and tourist sensation after non-stop local media coverage about multiple failed efforts to encourage it...South China Morning Post
BUSINESSOct 7US stock market hits all-time high as investors bet big on AIThe benchmark S&P 500 is up 14 percent this year despite elevated oil prices and US government debt sell-off.Al Jazeera [en]
BUSINESSOct 7Naira depreciates to N1,362/$ in parallel marketThe Naira yesterday depreciated to N1,362 per dollar from N1,357 in the parallel market on Monday. The post Naira depreciates to N1,362/$ in parallel market appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7BHP sells shuttered Kambalda nickel plant in Australia to Gold FieldsBHP has sold its closed Kambalda nickel plant in Australia to Gold Fields. This represents a notable business transaction in the mining industry.Seeking Alpha Tech
BUSINESSOct 7The taxman comes for China’s offshore richesThe crackdown has rattled the country’s wealthiest people and the businesses in Hong Kong, Singapore and Tokyo that manage their moneyFinancial Times
BUSINESSOct 7Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recoveryIran's move to step up attacks on tankers which are transiting through the Strait of Hormuz has also led to renewed worries over oil supplies among traders.CNBC
BUSINESSOct 7Chinese woman snaps up nearly 200 parking spaces to flip to neighbours for profitA woman in central China invested 14 million yuan (US$2 million) to acquire 196 parking spaces in a residential community, later selling them at a significant mark-up, which led to furious residents suing her. The lawsuit centred around a residential block, the name of which was not disclosed, located in Changsha, Hunan province. The property project was completed and put on the market in 2018. At the time, many were sceptical about the community’s prospects due to a lack of essential public...South China Morning Post
BUSINESSOct 7Beer shipments are declining, cartel allegations emerge just before tax cuts, pouring cold water on "business opportunities"Beer shipments are decreasing, and cartel allegations have surfaced just before anticipated tax cuts, which could negatively impact potential business opportunities within the industry.Asahi Shimbun
BUSINESSOct 7Former Takenaka Corporation director re-arrested on suspicion of breach of trust in large roof ring fence constructionA former director of Takenaka Corporation has been re-arrested on suspicion of breach of trust related to the construction of a large roof ring fence. This indicates an ongoing investigation into corporate misconduct.Asahi Shimbun
BUSINESSOct 7Middle East oil flows reach 80% of pre-war levels, Shell CEO Sawan saysAccording to Shell CEO Sawan, Middle East oil flows have recovered to 80% of their pre-war levels. This signifies a substantial rebound in oil production and supply from the region.Seeking Alpha Tech
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