Starbucks China says customers must buy something to sit in its cafes
The company announced a nationwide seating rule scheduled for October 22, saying it wants to improve the experience inside its roughly 8,000 Chinese stores.
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Business
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Barbara Edmonds rated credible by most surveyed business leaders, but Labour’s numbers face questions
A NZ Herald survey found 55% of business respondents considered Labour’s finance spokesperson a credible potential Finance Minister, while some questioned the party’s fiscal...
Meta faces Australian class action over alleged harm to children
Eight applicants allege they were harmed by Facebook or Instagram as minors. A Federal Court order restricts reporting of their identities and initial claims.
Port Saint John trade corridor gets $463 million for rail, road and marine upgrades
Federal, provincial and project partners are funding work intended to expand the New Brunswick port's capacity and improve its links to export markets.
IllustrationMeta creates non-voting shares to preserve Zuckerberg’s control
Meta says its new Class C shares will give it more flexibility to fund growth while continuing its founder-led model. Trading is planned for January 2027.
IllustrationMeta plans non-voting shares as it raises AI spending forecast
Meta lifted the lower end of its 2026 capital spending forecast to $135 billion and plans a new non-voting share class as it expands its AI investment.
Andy Burnham asks ministers to examine removing gas standing charges
The prime minister has requested a review of the daily gas charge, but its effect on household bills will depend on how the costs are recovered.
The Pokémon Company plans permanent London store by 2029
The London shop will be the first in a planned series of permanent Pokémon stores outside Asia, with exclusive merchandise and fan experiences promised.
Carnival plans variable pricing for onboard FunPacks from December 1
Carnival says FunPack prices will vary by season, sailing length and itinerary. Global News said the company had not answered its question about the calculation before publication.
eBay plans to cut about 1,000 jobs in second layoff round this year
The planned cuts amount to about 9% of eBay’s workforce. The company says it will continue hiring in priority areas.
Russia says first diesel tanker under Trump deal will head to US on Thursday
Deputy Prime Minister Alexander Novak put the planned first cargo at 40,000 tonnes but did not name its US destination. Analysts doubt the announced volumes will significantly...
French 10-year bond yield briefly tops 5% amid budget deadlock
France’s benchmark borrowing rate reached a level last seen in 2002 as lawmakers faced pressure over the 2027 budget and protests continued.
Musk says $1 trillion in SpaceX revenue by 2028 is ‘no longer impossible’
The 2028 possibility moves forward a timetable Musk described in August, though it would require growth far beyond SpaceX’s reported revenue last year.
Miatta Fahnbulleh leaning towards refusing Rosebank oilfield approval
Officials say the UK energy secretary is minded to reject Rosebank, according to the Guardian, even as she allows the separate Jackdaw gas project to proceed. No final Rosebank...
OpenAI plans to sell frontier models and Codex through Google Cloud
The companies said customers will be able to buy OpenAI models through Google Cloud Marketplace and use existing cloud spending commitments when the offering becomes available.
OCBC says Singapore customers can hold ringgit in savings accounts from October 23
Eligible customers will be able to convert Singapore dollars into ringgit, hold up to RM50,000 and earn interest under the bank’s announced terms.
Business
SpaceX shares rise after earnings beat as Musk discusses possible Tesla combination
SpaceX reported sharply higher third-quarter revenue and profit. Its shares climbed before Wednesday’s open as Elon Musk said the companies’ boards had formed committees to...
Bolt plans Madrid autonomous-driving programme for 2027 with NVIDIA technology
Bolt expects to start gathering driving data in Madrid in 2027, subject to regulatory approval, as it prepares a wider European robotaxi programme.