Reliance welcomes Starlink competition but says India’s rules apply to all
Reliance Industries responded to Elon Musk’s criticism of India’s satellite communications approvals, saying Starlink is welcome but must follow the same rules as Jio.
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US diesel costs squeeze freight firms as New Zealand petrol tops NZ$4 a litre
Federal Reserve district accounts describe pressure on US trucking margins and grocery transport costs, while RNZ reports a sharp rise in New Zealand pump prices.
Tesla Roadster flight demonstration sparks memes and regulatory questions
Tesla showed an unoccupied Roadster leaving the ground at a Texas test facility. Online jokes followed, while aviation experts raised questions about operating such a vehicle.
Kevin Warsh says AI could lift productivity after a bumpy transition
The Federal Reserve chair said AI investment could push up prices in the short term, while its longer-term economic effects remain uncertain.
Sydney Airport security workers strike as passengers face possible screening delays
Security staff began strike action on 16 October. The airport urged travellers to allow extra time, while Air New Zealand said it had contingency plans in place.
KFC plans switch from Pepsi to Coca-Cola drinks at U.S. restaurants
The chain says the change will begin in January 2027 and reach its U.S. restaurants by the end of the first quarter, ending a beverage partnership that began in 1986.
TSMC posts sixth straight record profit as AI chip demand strains capacity
The chipmaker reported a 68.7% rise in third-quarter net profit, while customers compete for access to the manufacturing capacity behind AI processors.
India’s August current account deficit narrows as overseas inflows lift balance of payments
The RBI’s preliminary figures show a $5.2 billion current account deficit and a $45.4 billion overall surplus, alongside a sharp rise in NRI deposits.
Stellantis plans ₹4,000 crore India investment and 12 Jeep, Citroën launches
Stellantis says the new investment will support a three-year product push, greater localisation and an expanded export role for its Indian operations.
Lisa Nandy considers intervention in Sky’s £1.6bn ITV deal
The culture secretary has raised concerns about news plurality and programming choice as Sky seeks to buy ITV’s broadcasting and streaming business.
TSMC discusses Musk’s Texas Terafab plan while insisting on control of any plant it runs
TSMC is evaluating Texas expansion and has discussed a role in Elon Musk’s proposed Terafab. Its chief executive says any plant it operates must remain under its control; no...
India’s September exports rise 23% as merchandise trade deficit widens
Merchandise exports reached $44.40 billion, but a larger rise in imports pushed the monthly goods deficit to $30.21 billion. A separate measure including services narrowed from...
Korean Air’s third-quarter net income rises tenfold as stronger won adds to demand gains
Preliminary results show Korean Air’s third-quarter net income rose more than tenfold, helped by a stronger won alongside passenger and cargo demand; revenue reached a...
Sergio Gor says major items in India-US trade talks are settled, with issues remaining
The US ambassador says negotiators are close to a deal, though talks continue on smaller issues and no agreement has been concluded.
UK economy grew 0.1% in August before Healey’s first Budget
The rise was smaller than July’s 0.4% increase but beat economists’ forecast of a contraction, as the chancellor prepares a Budget amid pressure on household finances.
Bank of America says 1,000 contractors are patching software vulnerabilities
The bank added outside contractors to an existing 3,000-person effort. Software remediation and anti-money-laundering work together drove hundreds of millions of dollars in...
South Korea halts KOSPI trading for 20 minutes as tech shares tumble
An 8% fall triggered a circuit breaker on October 15, with Samsung Electronics and SK Hynix among the biggest casualties of a broad sell-off.
Taihan Cable announces 120 billion-won US high-voltage cable order
The Korean company says it has secured a US power-grid project, but reports differ on how to describe the contract. The customer and full project value remain undisclosed.