GlobalFoundries to make AI-chip interposers for TSMC in New York
A five-year agreement will expand manufacturing capacity in Malta, New York, with volume production expected to begin ramping in the first half of 2028.
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ASML and Zeiss outline Hyper NA chipmaking tool that could be ready in a decade
Engineers propose printing features as small as 5 nanometers, but ASML has not committed to producing the machine. Earlier High NA experiments show why optical resolution is...
Maas shares fall 22.4% as reported Firmus IPO cuts unsettle investors
The construction services group owns 3.2% of Firmus and supplies its data-centre projects. Reported changes to the planned float remain unconfirmed.
PepsiCo cuts profit-growth outlook and plans further cost reductions
PepsiCo expects adjusted earnings growth of 1%–2% as weak North American demand and rising input costs weigh on its business. Details of the additional savings remain unspecified.
Reported Sainsbury’s–Morrisons talks renew supermarket merger debate
Discussions ended earlier this year, the Guardian reports. A separate proposal covering Aldi and Lidl’s land agreements does not establish that a supermarket merger would win...
ASOS says breach exposed customer names and contact details
The retailer says passwords and payment-card information were not accessed. Its disclosure follows an unauthorised app notification on 6 October, while the number of affected...
China’s factory heirs describe the difficulty of taking over family businesses
New interviews describe the relationships and experience that complicate family-business handovers, while an earlier survey documents gaps in formal wealth-transfer planning.
European shares fall as sovereign-bond strains spread to banks
European stocks fell as selling spread through sovereign debt and banking shares. The ECB has a bond-buying framework, but intervention depends on policy conditions and a...
Brink’s offers NoteMachine and TestLink UK sales to address CMA concerns
The competition regulator will examine proposed disposals before deciding whether to clear Brink’s acquisition of NCR Atleos, whose combined UK ATM footprint exceeds 50%.
Victor Ayebameru wins WorldQuant contest as registrations nearly double
The Nigerian student topped WorldQuant’s global quantitative research championship. Organisers credit AI with widening access, but have not measured its contribution to...
Dollar nears 18-month high as Fed signals and French debt fears weigh on euro
The dollar edged higher as investors weighed September's Federal Reserve deliberations, while French bond-market pressure added to the euro's weakness.
Swiss pension fund Publica confirms data leak after supplier cyberattack
Swiss prosecutors have opened an investigation after an attack detected in late September. The supplier remains unnamed, and the extent of Publica’s data exposure is still...
Tencent considers up to $5 billion offshore bond sale, Bloomberg reports
The reported proposal follows Tencent’s June borrowing and a sharp increase in spending on computing infrastructure. No completed October transaction has been established.
Thai central bank governor says no rush to raise rates
Vitai Ratanakorn signalled no urgency to raise borrowing costs ahead of the October 28 policy review, while warning that monetary policy cannot fix structural growth constraints.
Tesco raises profit forecast as online and Finest sales grow
Tesco has lifted the lower end of its annual profit forecast by £150m after first-half sales growth, although its Booker wholesale business remains under pressure.
Fast Retailing posts record annual profit as Uniqlo overseas growth lifts earnings
The Uniqlo owner's operating profit rose about 32% to 743.13 billion yen, beating its raised forecast. Its next annual target implies growth of roughly 11.7%.
ECB’s Cipollone sets out digital-euro pilot plans and possible merchant savings
Tests are expected in 2027, with 36 applicants selected for the pilot. A possible 2029 introduction still depends on legislation and further decisions.
Jaguar Type 01 faces ‘make or break’ test amid JLR job cuts
An industry economist says Jaguar’s move into luxury electric cars is a major gamble, as JLR prepares British production of the £130,000 Type 01 for 2027.