Earnings, strategy, corporate moves
Intel's integrated model — designing and making chips under one roof — meant every factory delay hit its products directly. Rivals handed manufacturing to specialists, and TSMC now controls 72.5% of the foundry market.
Yuriy Ryzhenkov says Russian strikes forced both of the company's steel mills to halt in August and September. A 60% cut to Ukraine's EU steel quota and a tightening seaport blockade have compounded the pressure.
The ban, which took effect on October 8, covers ByteDance's own promotions and any third-party campaigns linking to TikTok. Meta said it has no obligation to run ads for a competitor trying to pull users away from its apps.
BP is also evacuating workers from offshore platforms. The Gulf's offshore fields account for about 15% of US oil production, and forecasters say the storm could strengthen into a hurricane by the weekend.
The jump follows the surge in crude prices after the US and Israel attacked Iran. Shell also completed its $16.4 billion acquisition of ARC Resources in September, lifting its gas production forecast.
The struggling broadband provider is racing to sell its consumer and wholesale businesses before it collapses. BT has opened talks with the UK government about a possible takeover, while the rescue of its wholesale arm hinges on whether Openreach will write off more than £100 million in payments.
Masayoshi Son has committed vast sums to OpenAI and Stargate, but lenders have pushed back on his financing plans. SoftBank's shares fell 12% after OpenAI delayed its IPO, wiping out $38 billion in market value in a single session.
The London fintech, founded in 2015 with $500,000 of its chief executive's trading earnings, had 68.3 million customers and £1.7 billion in profit before tax in 2025.
The container ship cut the China-Europe journey to about twenty days, half the time of a Suez Canal voyage. Asia-to-Europe transits hit a record 103 passages last year, though they still account for less than 9 percent of all cargo on the route.
The 700,000-barrels-per-day plant would take around 30 months to build. Africa's richest man says the continent will largely supply its own refined fuel needs by 2030, though financing and approvals have yet to be detailed.
Four attacks in five weeks have made safe operations impossible at the Kryvyi Rih facility, which employs around 16,000 people. The company expects a $1 billion write-down as a result of the closure.
The decade-long programme offers rent relief and capital support, but investors were rattled by the remodelling bill franchisees still face — at least $1.2 million per US location. The company also warned that customer traffic is likely to stay flat while inflation remains elevated.
The AMC Kips Bay 15, the only IMAX cinema on Manhattan's East Side, is set to close at the end of 2026. More than 3,200 people have signed a petition to save it, and seven elected officials have written to NYU Langone demanding answers — so far without a response.
The cuts fall hardest on Halo Studios and central management, and bring Xbox three quarters of the way through a planned 3,600-job overhaul. Ninja Theory has entered consultation over a proposed closure after two deals to find a buyer fell through.
The Atlanta-based surveillance company has opened a voluntary buyout programme for its roughly 1,500 employees. Dozens of cities have ended contracts over privacy concerns, and reporting suggests layoffs would be near-certain without the departures.
The $1-an-hour rise for full-time operations staff takes effect Sept. 27. Amazon puts the cost at more than $1.5 billion, ahead of the holiday shopping season.
The Danish drugmaker is rebranding as Novo after a bruising stretch: its shares have lost around 20% over the past year, and Eli Lilly now holds 61% of the US obesity drug market to Novo's 39%. A fuller strategy update is due in London on September 21.
The AI company's annualised revenue has surged from $9bn at the end of last year to $65bn by July. Investors are forecasting $120bn by year-end.
The president drew a clear line: factories on US soil are welcome, imports are not. The remarks came ahead of a planned summit with Xi Jinping, though no policy framework has been agreed.
Overall revenue grew 30% to $19.35 billion, beating analyst forecasts. The surge in AI demand is also piling up costs — capital spending tripled year over year to $28.5 billion, pushing free cash flow to negative $5.4 billion.
Second-quarter net profit rose 30%, ending four straight quarters of decline. But the result missed analyst expectations, and shares fell as concerns over weak domestic demand resurfaced.
The semiconductor company has built its data centre identity around custom chip partnerships with Google, but shareholders say they have no clear picture of what those deals are worth or when they will pay off. The share price is falling as a result.
HP Inc. beat analyst estimates by a wide margin, with revenue hitting $15.7 billion — but a 16% plunge in PC unit shipments spooked investors. The company is selling pricier machines to fewer buyers, and Wall Street isn't sure the trend holds.
Comparable sales rose just 2.6% in the latest quarter, missing analyst forecasts by a wide margin. Separately, the retailer confirmed it has received $2.9 billion in tariff refunds from the US government and is channelling the money into price cuts, with rollback items on shelves jumping from 7,200 to more than 11,000.
Russia's state defence conglomerate has begun serial production of mobile power substations designed to restore electricity within hours of a grid attack. Rostec says two to four units per region would cover any emergency — though no production volumes or delivery timelines have been disclosed.
Greg Abel's second quarter as chief executive saw the conglomerate spend $23.5bn on stocks, against just $3.7bn sold. Alphabet is now its third-largest US equity holding, and Delta Air Lines has become a $5.4bn bet after Berkshire quit all its airline positions at the pandemic's start.
The company had promised as recently as 2023 that the Lincoln Nautilus would be its first China-made vehicle sold in America. That plan is now dead. Production shifts to the US by 2030.
The AI cloud company posted a $626 million net loss in the second quarter — while paying $640 million in interest alone. Its contracted backlog has hit $104 billion, and it is borrowing heavily to keep building.
The platform's Country Instability Index assigns each nation a live score from 0 to 100, updated continuously. It blends a static baseline with live signals covering conflict, unrest, security and news flows.
The payments giant is eliminating roughly 7% of its workforce, concentrated in technology and product, after a decade in which headcount more than tripled — making this as much a correction of past hiring as a bet on automation.
The Tel Aviv company is eliminating around 620 roles as part of an AI-focused restructuring that will cost up to $55 million — though its co-CEO insists the cuts are not about saving money or replacing people with AI.
The auction house pressed ahead with a controversial AI-art sale opposed by 6,000 artists while openly acknowledging that the tech-wealth class it is courting is too busy building to buy.
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