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Binance, the world’s largest cryptocurrency exchange by trading volume, is investigating a major security breach with an estimated financial impact of approximately $6.3 billion. The incident, reported on October 30, 2026, could become the largest cryptocurrency theft in history, raising fresh concerns about digital asset security and investor confidence.
Hyundai Motor reported a 5.5% year-on-year increase in third-quarter operating profit on October 29, 2026, exceeding market expectations as favourable foreign exchange rates helped offset labour disruptions and weaker sales of older vehicle models.
Global oil prices rose on Wednesday as renewed security concerns in Saudi Arabia heightened fears of potential disruptions to crude supplies from the Middle East. The reported missile attack on the kingdom’s largest oil refinery prompted traders to reassess supply risks, pushing benchmark prices higher after a decline in the previous session.
Ben Cohen and Jerry Greenfield, the co-founders of Ben & Jerry’s, are exploring a potential deal to separate the popular ice cream brand from its current owner, The Magnum Ice Cream Company, according to a Wall Street Journal report published on October 26, 2026.
SpaceX has closed a $40 billion debt financing deal to purchase graphics processing units (GPUs) for its expanding artificial intelligence infrastructure, CEO Elon Musk announced on October 25, 2026. The financing highlights the enormous cost of building AI computing capacity as technology companies compete for access to advanced chips and data centres.
Amazon Web Services (AWS) has largely sold out its cloud computing capacity through 2027, with a significant portion of its capacity for 2028 already committed, as demand for artificial intelligence infrastructure continues to surge.
PepsiCo has renewed its long-standing beverage partnership with Taco Bell through 2036, securing a major restaurant customer just days after KFC announced plans to replace Pepsi products with Coca-Cola at its U.S. locations.
Online marketplace eBay plans to cut approximately 9% of its workforce, eliminating around 1,000 jobs in its second round of layoffs in 2026. Announced on October 21, the decision is part of CEO Jamie Iannone’s strategy to simplify operations and redirect resources towards the company’s fastest-growing business areas. The latest reductions come despite eBay’s strong stock performance and efforts to expand its presence in resale fashion, collectibles and authenticated luxury products.
Tesla has unveiled its long-awaited next-generation Roadster, an electric sports car featuring rocket-style thrusters developed in collaboration with SpaceX. Revealed at a demonstration event in Texas on October 15, 2026, the redesigned vehicle showcased futuristic capabilities, including brief airborne manoeuvres and mid-air rotations. Tesla says production is expected to begin in 2028, although the car’s advanced features and regulatory requirements could affect when customers can take delivery.
Global food inflation is expected to intensify through 2027 as geopolitical conflicts, extreme weather and rising agricultural costs put pressure on food supplies. Disruptions to major shipping routes, higher fuel and fertiliser prices, and concerns over crop production are pushing up commodity prices, raising the risk of more expensive groceries for households worldwide.
Federal Reserve Chair Kevin Warsh has warned that artificial intelligence (AI) will bring significant disruption to the economy, even as he remains optimistic about its long-term benefits for productivity and wealth creation. Speaking on October 16, 2026, during a discussion with International Monetary Fund Managing Director Kristalina Georgieva, Warsh described AI as one of the most consequential economic changes of his lifetime.
Netflix is reportedly planning to lay off approximately 1,000 employees, representing around 6% of its workforce. The move would mark a significant staffing reduction for the streaming company as it continues to manage costs and adjust its business priorities in a competitive entertainment market.
ASML has projected fourth-quarter sales above market expectations as demand for artificial intelligence (AI) chips continues to drive investment in semiconductor manufacturing. The Dutch company, a key supplier of advanced chipmaking equipment, is benefiting from growing demand for the technology needed to produce powerful processors used in AI systems, data centres, and other digital applications.
McDonald’s is focusing more heavily on chicken products and beverages as it looks for new ways to attract customers and increase sales. The strategy reflects changing consumer preferences, with diners seeking more variety and affordable options. However, recent market data suggests that expanding these categories may be more challenging than expected as competition intensifies across the fast-food industry.
Artificial intelligence (AI) could accelerate major scientific breakthroughs within the next three years, as the technology continues to advance beyond chatbots and everyday digital tools. Its growing role in research is raising expectations that AI could help scientists solve complex problems, speed up discoveries, and open new possibilities in medicine, biology, and other scientific fields.
A contractor linked to Super Micro Computer has pleaded guilty to participating in a scheme to illegally export advanced artificial intelligence servers containing Nvidia chips to China. The case involves allegations that approximately $2.5 billion worth of restricted US AI technology was targeted for diversion without the required export licences.
Apple is reportedly preparing to introduce its first touchscreen MacBook, potentially bringing a major change to the design and everyday use of its popular laptop lineup. The anticipated launch could mark a significant shift for the company, which has traditionally relied on trackpads, keyboards and external touchscreens rather than adding touch functionality directly to MacBook displays.
Samsung Electronics is on track to post a record quarterly operating profit of around $80.17 billion, as surging demand for artificial intelligence chips drives strong growth in its memory business. The company estimated third-quarter operating profit at 107.4 trillion won, nearly nine times higher than the same period last year.
Chinese artificial intelligence startup Moonshot AI is reportedly considering a Hong Kong initial public offering after reaching a valuation of around $50 billion, highlighting the growing investor interest in China’s AI industry.
Lucid Group delivered fewer vehicles in the third quarter as the luxury electric-vehicle maker deliberately reduced production to bring factory output closer to customer demand and reduce its existing inventory.
Chick-fil-A is expanding rapidly across the United States and into international markets, but CEO Andrew Cathy says one thing is not changing: the company intends to remain a privately held, family-owned business.
Stellantis CEO Antonio Filosa has reaffirmed the automaker’s 2026 financial targets and longer-term cash-flow plans, even as the company’s U.S.-listed shares fell to a record low amid investor concerns over its turnaround.
Arthur Mensch, co-founder and CEO of French AI company Mistral, has criticised parts of the growing U.S. debate over artificial intelligence safety, arguing that concerns about slowing AI development can sometimes distract from failures by companies to properly control increasingly autonomous systems.
Samsung Electronics and five other Samsung Group companies are committing a combined $1 billion to Helix Digital Infrastructure, a U.S.-based artificial intelligence infrastructure company backed by investment firm KKR.
SpaceX is preparing for a major milestone today as its Starship-Super Heavy rocket is set to attempt reaching Earth orbit for the first time.
Coca-Cola is bringing back beverage-industry veteran Rob Gehring to lead its North American operations, appointing the former Monster Energy Americas CEO as president of its North America operating unit.
Lowe’s is bringing drone delivery to the home improvement market, partnering with DoorDash and Alphabet-owned Wing to get essential supplies to customers in as little as 20 minutes.
Honda Motor is in the final stages of preparing a new hybrid vehicle production plant in Ohio, with the Japanese automaker planning to invest between 300 billion and 400 billion yen, or roughly $1.9 billion to $2.5 billion, according to Nikkei.
Technology companies are betting that AI-powered wearables could become the next major computing platform after smartphones, but privacy concerns are emerging as one of the biggest obstacles to mass adoption.
Alibaba is dramatically expanding its artificial intelligence ambitions, announcing plans to train a new AI model with 5 trillion to 10 trillion parameters while unveiling a new homegrown AI chip designed to support increasingly demanding workloads.
Nvidia CEO Jensen Huang has emerged as one of the most prominent technology executives opposing calls for a coordinated slowdown in artificial intelligence development, putting him closer to President Donald Trump’s position in an increasingly heated debate over AI safety and regulation.
Walt Disney Company has created its first-ever Chief Technology Officer (CTO) position, appointing Karandeep Anand, the former CEO of artificial intelligence startup Character.AI, as the company steps up its technology and AI ambitions.
NBA superstar Stephen Curry says his first signature basketball shoe with Chinese sportswear company Li-Ning is expected to debut in early 2027, giving fans their first clear timeline for the next chapter of his footwear career.
Amazon is raising the minimum starting wage for eligible full-time U.S. core operations workers by $1 an hour to $20, as the company increases its investment in employee pay and introduces new financial and grocery benefits.
Nike co-founder Phil Knight and his wife, Penny Knight, have committed $1.1 billion to Providence St. Vincent Medical Center and Providence Heart Institute in Oregon, marking one of the largest philanthropic gifts ever made to a U.S. healthcare institution.
China’s industrial sector showed renewed strength in August, but weaker consumer spending and a deepening investment downturn highlighted a growing imbalance in the world’s second-largest economy.
Anthropic CEO Dario Amodei is calling on artificial intelligence companies to slow the pace at which they develop increasingly powerful AI models, warning that the industry may be moving faster than its ability to manage the technology’s risks.
Oracle is set to add another $700 million to its restructuring costs, taking the estimated cost of its fiscal 2026 restructuring plan to about $2.8 billion as the software giant accelerates spending on artificial intelligence infrastructure. The additional costs come as Oracle reshapes its workforce and operations to support a major expansion in AI and cloud computing. The company is
OpenAI is taking its push into corporate finance a step further with the launch of ChatGPT for Financial Services, a specialized version of its AI platform designed to handle many of the research and analytical tasks traditionally performed by junior investment bankers and equity research analysts. The product was developed with financial institutions including Morgan Stanley and Evercore as
The U.S. Department of Justice is investigating whether Nvidia structured its licensing agreement with artificial intelligence chip startup Groq in a way that avoided antitrust scrutiny, according to a report by The New York Times. The inquiry is focused on a deal Nvidia announced last year that gave the chip giant a non-exclusive license to Groq’s chip technology and involved hiring
China’s electric-vehicle makers are increasingly looking beyond cars as competition and weaker domestic demand put pressure on the country's automotive industry. A growing number of manufacturers are now turning their attention to humanoid robots, hoping to create a new source of growth from their existing strengths in artificial intelligence, batteries, software, and mass production.
The Japanese yen extended its recent surge on Tuesday, climbing to a seven-month high against the U.S. dollar as traders increased bets that the Bank of Japan could raise interest rates soon.
The rivalry between General Motors and Ford Motor is moving well beyond the traditional battle for American car buyers. After more than a century of competing in vehicle sales, trucks and motorsports, the Detroit automakers are now going head-to-head in two very different areas: defense and energy. Both companies are looking for new sources of growth as the automotive industry faces tougher
WNBA Commissioner Cathy Engelbert has announced that she will retire at the end of 2026, bringing an end to more than seven years of leadership during one of the most important growth periods in the league’s history.
ChargePoint shares jumped more than 70% on Thursday, giving the electric-vehicle charging company one of its strongest trading days in recent years. CEO Rick Wilmer says the sharp rally could be more than a one-day reaction, describing it as “the beginning of the momentum” as the company moves closer to profitability.
Google is heading into September with renewed attention from investors as its artificial intelligence ambitions begin to provide a much-needed boost after a difficult stretch for the company's stock. Alphabet, Google's parent company, had recently faced growing pressure in the market as investors questioned the enormous cost of its AI investments and whether those spending plans would
Apple has officially handed over its top leadership role to John Ternus, marking the end of Tim Cook’s 15-year run as chief executive. Ternus took charge on September 1, beginning a new chapter for the technology giant at a time when artificial intelligence and product innovation are reshaping the industry.
Japan is facing growing pressure to rethink its economic policies as the weakening yen, rising prices and heavy government spending create a difficult challenge for policymakers. U.S. Treasury Secretary Scott Bessent has urged Japan to move toward higher interest rates and step away from the large-scale stimulus policies that have shaped the country's economy for more than a
Chinese President Xi Jinping and Russian President Vladimir Putin are meeting in Bishkek, Kyrgyzstan, as leaders from across Asia and other partner countries gather for the Shanghai Cooperation Organisation (SCO) summit. The two-day summit, taking place on August 31 and September 1, brings together major regional leaders, including Indian Prime Minister Narendra
Meta Platforms has agreed to pay up to $16.68 billion to settle claims related to alleged harm to young users and the collection of children’s personal data on Facebook and Instagram. The settlement brings a major federal trial in California to an end and represents one of the most significant legal developments yet in the growing scrutiny of social media platforms and their
Italian energy group Eni is preparing a major new drilling programme in Egypt involving 230 wells, as the company expands its oil and gas operations and Cairo seeks to reinforce its position as an Eastern Mediterranean energy hub. The programme includes 30 exploration wells and 200 development wells, with activity expected to focus heavily on the Mediterranean and Western Desert.
Shares of Chinese electric vehicle maker Xpeng fell sharply in Hong Kong on Tuesday after its third-quarter vehicle delivery forecast came in below market expectations, overshadowing a major funding round that valued its robotics business at more than $6.3 billion. Xpeng shares were down more than 8% in early Hong Kong trading after the Guangzhou-based company forecast
Union Commerce and Industry Minister Piyush Goyal is leading a delegation of more than 200 Indian business representatives to Japan as the two countries look to expand investment, industrial cooperation and partnerships in emerging technologies.
Oman’s aviation sector is set for a major leadership transition after Oman Air and SalamAir announced new chief executives as both carriers pursue expansion and operational reforms. Oman Air has appointed Nasser Al Sharji as CEO, effective September 1, 2026. He will succeed Con Korfiatis, who will remain with the national carrier as an advisor to support the
Taiwan’s economy is heading for exceptional growth in 2026 as surging global demand for artificial intelligence hardware fuels exports, semiconductor production and investment. However, economists warn that the current pace may be difficult to maintain. Taiwan’s statistics agency recently raised its 2026 GDP growth forecast to 11.05%, up from 9.64% projected in May. If
Automotive group Stellantis is recalling around 955,000 vehicles worldwide after identifying a software problem that can prevent the rearview camera image from appearing when drivers shift into reverse. The issue is linked to the vehicle’s radio and infotainment software rather than the camera hardware itself. Around 848,000 vehicles in the United States are affected,
Chinese robotics company Unitree Robotics made a blockbuster debut on Shanghai’s STAR Market on Wednesday, with its shares surging nearly sixfold as investors rushed to gain exposure to China’s rapidly expanding humanoid robotics industry. The Hangzhou-based company priced its initial public offering at 150.80 yuan per share. Its stock opened at 1,100 yuan before
Billionaire technology investor Peter Thiel has taken a significant position in Argentina’s fast-growing energy sector after his investment firm acquired roughly 1% of oil producer Vista Energy.
Chinese technology is becoming increasingly difficult for global companies to sidestep as businesses turn to China for capabilities in artificial intelligence, electric vehicle batteries, automotive software and advanced manufacturing. The trend marks a change in China’s role in the global economy. For years, multinational companies primarily viewed the country as a manufacturing base
Japan’s wholesale inflation eased slightly in July, with producer prices rising 7.2% year on year, according to official data released Thursday. The figure came in below economists’ expectations of 7.4% and was also marginally lower than the revised 7.3% increase recorded in June. The latest data suggests that price pressures at the producer level remain elevated, even as the pace
Oil prices and US Treasury yields moved higher as escalating compensation demands between the United States and Iran reduced expectations of an imminent agreement over the Strait of Hormuz. The diplomatic standoff intensified after US President Donald Trump called for Iran to compensate Americans and others he says were harmed by Tehran-linked actions. Iran, meanwhile, has tied progress on
Sony Group and Taiwan Semiconductor Manufacturing Co. are preparing a major investment of about ¥1 trillion, or $6.3 billion, to develop and manufacture next-generation image sensors in Japan, according to a Nikkei report cited by Reuters. The proposed venture would reportedly be 60% owned by Sony and 40% by TSMC, with commercial production potentially beginning as early as 2029.
An overseas Filipino worker who has already paid about ₱608,000 toward a preselling condominium in Metro Manila is facing a difficult decision as the capital’s property market contends with record unsold inventory, developer discounts and weaker pricing conditions. The buyer, identified as Peter, has been paying roughly ₱38,000 a month for 16 months toward a 32-square-metre condominium
Rockstar Energy founder Russ Savage has built a sizeable stake in Celsius Holdings and is publicly positioning himself to lead the energy drink company following a difficult quarterly earnings report and a sharp decline in its share price. Savage now controls more than 12 million Celsius shares, representing roughly 4.7% of the company. The holding is valued at close to $300 million based on
American Airlines is changing one of the most valuable benefits available to its elite frequent flyers, limiting complimentary Business Class upgrades on several of its longest domestic routes. Starting August 25, 2026, eligible AAdvantage status members travelling in the Main Cabin on selected transcontinental and Hawaii services will no longer automatically join the complimentary
JPMorgan Chase Chief Executive Jamie Dimon has warned that high levels of borrowing across global financial markets could increase the risk of sudden volatility. Speaking in an interview with CNBC, Dimon said margin debt had reached record levels, while additional borrowing remained hidden under different financial structures. He pointed to leverage linked to hedge funds, prime brokerages,
Tuwaiq Academy has launched an AI Innovation Center in partnership with NVIDIA, aiming to strengthen Saudi Arabia’s artificial intelligence capabilities and develop national talent in emerging technologies. The academy described the new facility as the first center of its kind in the Middle East and the second worldwide. The center was inaugurated at Tuwaiq Academy’s
Exxon Mobil and Chevron reported a combined $26.5 billion in second-quarter net profit, benefiting from strong refining margins and elevated fuel prices as geopolitical tensions in the Middle East continued to reshape global energy markets.
Emirates NBD has signed a definitive agreement to acquire the retail banking business of HSBC Bank Egypt, marking a significant step in the UAE lender's regional expansion strategy and strengthening its presence in one of its key international markets. The transaction, announced on Sunday, will be carried out through Emirates NBD Egypt, the group's wholly owned subsidiary. Completion