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BusinessOct 30EU countries pledge 20.5mn diesel barrels as winter supply fears growThe eleven countries also urged Brussels to ensure the bloc has functioning refineries capable of turning crude oil into the products its economy consumes, like diesel or jet fuel.EuroNews [en]
BusinessOct 30Euro zone economy slows to 0.4% growth in Q3 as crisis-hit France contractsThe Euro zone economy experienced a slowdown to 0.4% growth in the third quarter, with France's economy contracting. This indicates a challenging economic period for the region.CNBC
BusinessOct 30Chevron beats earnings expectations as refining profits soar on high diesel fuel pricesGlobal diesel prices surged as Ukraine and Iran struck refineries in Russia and the Middle East.CNBC
BusinessOct 30Economy minister warns France could ‘hit the wall’ as new figures show GDP contraction“The French economy is at a standstill,” Finance and Economy Minister Roland Lescure said.Politico Europe
BusinessOct 30Card dollar today: how much it is trading this Friday, October 30See the buying and selling price of the card dollar today. Quotes, evolution, forecasts and information for currency exchange.Clarín
BusinessOct 30CCL dollar today: how much it is trading this Friday, October 30See the buying and selling price of the CCL dollar today. Quotes, evolution, forecasts and information for currency exchange.Clarín
BusinessOct 30Global tech selloff deepens as AI spending concerns trigger market routGlobal tech stocks extended their losses on Friday as disappointing corporate earnings and mounting concerns over AI spending triggered a broad selloff across US, European and Asian markets, according to a report by the Financial Times. Nasdaq futures fell 2% ahead of Wall Street's opening, while S&P 500 futures declined 0.9%, following a sharp retreat in technology shares on Thursday. Alphabet plunged 13%, erasing approximately $500bn in market value, as investors questioned the sustainability of its AI investment programme and the impact of AI-powered search on its advertising business. The selloff intensified after Amazon reported weaker-than-expected sales, sending its shares down 6.6% in pre-market trading, while chipmaker Intel tumbled 26% following a disappointing outlook. Analysts highlighted growing concerns over deteriorating cash flows, rising capital expenditure and whether future AI revenues can justify the scale of investment. Selling pressure spread across Asia, with Japan's Nikkei 225 declining 2.1% and South Korea's Kospi falling 3.5%. SoftBank dropped 6%, extending its decline from its June peak to 48%, while semiconductor manufacturers SK Hynix and Samsung Electronics lost 7.1% and 3% respectively. European chipmaking equipment supplier ASML also fell 4.9% in early trading. The downturn reflects a broader reassessment of AI-related valuations as investors increasingly scrutinise the returns generated by substantial infrastructure spending. Of the Magnificent Seven US technology stocks, only Apple, Microsoft and Nvidia remained in positive territory for the year following Thursday's declines. The renewed volatility presents a challenging environment for technology-focused hedge funds and systematic strategies with exposure to AI-related equities, while potentially creating opportunities for short sellers and market-neutral managers seeking to capitalise on widening performance dispersion across the sector.hedgeweek · united kingdom
BusinessOct 30Crypto dollar today: how much it is trading this Friday, October 30See the buying and selling price of the crypto dollar today. Quotes, evolution, forecasts and information for currency exchange.Clarín
BusinessOct 30MEP dollar today: how much it is trading this Friday, October 30See the buying and selling price of the MEP dollar today. Quotes, evolution, forecasts and information for currency exchange.Clarín
BusinessOct 30BrightSpring Health Services Non-GAAP EPS of $0.54 beats by $0.07, revenue of $4.21B beats by $340M, raises FY guidanceBrightSpring Health Services reported non-GAAP EPS and revenue that exceeded expectations, leading the company to raise its full-year guidance. This indicates positive financial performance for the company.Seeking Alpha Tech
BusinessOct 30Naples Airport to close for the whole of November for €30m revamp – here’s what passengers need to knowThe Italian airport will shut for the entire month of November for major runway upgrades, with flights diverted to nearby Salerno and extra bus and taxi services planned to limit disruption.EuroNews [en]
BusinessOct 30NCDMB, UN explore joint measures to expand women’s role in oil and gasCentral to this effort is expanding access to the dedicated $40 million Women in Oil and Gas Fund, ensuring that more women-owned businesses and professionals benefit from industry’s opportunities and play a stronger role across the sector’s value chain The post NCDMB, UN explore joint measures to expand women’s role in oil and gas appeared first on Premium Times Nigeria.Premium Times
BusinessOct 30Adif worker named by Puente for ordering AVE to resume journey refuses to declare before the Civil GuardLa Autoridad Administrativa Independiente todavía no ha interrogado a los maquinistas y responsables de circulación "al no encontrarse en condiciones de someterse a entrevistas" LeerEl Mundo
BusinessOct 30Big Tech sheds nearly $900bn in rout over soaring AI spendingCash burn at Google, Amazon and Meta leads Wall Street to question price of AI boomFinancial Times
BusinessOct 30OFS Capital declares $0.17 dividendOFS Capital has declared a dividend of $0.17. This is a standard financial announcement from the company.Seeking Alpha Tech
BusinessOct 30North European Oil Royalty Trust announces variable dividend of $0.20North European Oil Royalty Trust has announced a variable dividend of $0.20. This is a routine financial disclosure indicating investor returns.Seeking Alpha Tech
BusinessOct 30Beatson Clark invests £3.6m in palletising automationBeatson Clark is investing in automation at its Rotherham glassworks. Four planned palletisers will handle UK and Euro pallet sizes, while installed air curtains have reduced measured airborne particulates near hot-end operators. The post Beatson Clark invests £3.6m in palletising automation appeared first on Industrial News.industrialnews_co_uk · united kingdom
BusinessOct 30Alphabet Shares Plunge on Earnings Miss and AI Spending Concernsalphabet's stock fell more tHan 12% after quarterly results revealed slower search growth, a first negative free‑cash‑flow quarter, and massive AI‑related capital expenditures, sparking debate among investors about the future of AI monetization.headtopics · united states of america
BusinessOct 30Sun Pharma shares gain even as Q2 profit slips 36% YoY; here's whyRevenue from operations rose 11.88 per cent YoY to Rs 16,198.71 crore in Q2 FY27, compared with Rs 14,478.31 crore in the year-ago quarter.businesstoday · india
BusinessOct 30Tech firms take fresh hit as disappointing earnings fan AI fearsTech firms were again on the back foot on Friday after another round of disappointing earnings from Wall Street titans, fanned already by deep concerns about the AI investment boom.EuroNews [en]
BusinessOct 30WATCH: Cruise cancels global trip over rising fuel costs, strands 200 passengers in CambodiaSome passengers sold their home to live on the cruise ship full-time.ABC News
BusinessOct 30Underweight rice bags, uncertified scales among violations at Hyderabad’s 10 rice outletsViolations including underweight rice bags and uncertified scales were found at ten rice outlets in Hyderabad. This indicates potential consumer fraud and a need for better regulatory oversight in the food retail sector.The Hindu
BusinessOct 30Italy's GDP flat in third quarter says IstatStatistics agency reports year-on-year rise of 0.8%ANSA [en]
BusinessOct 308 companies apply for Hong Kong ride-hailing licences ahead of deadlineEight companies have applied for licences to provide ride-hailing services in Hong Kong under the new regulatory regime ahead of Friday’s deadline, the Transport Department has confirmed. US-based Uber, Singapore-based Tada, Amap and Didi Chuxing, all of which currently serve the market, confirmed to the South China Morning Post that they had submitted applications. Amap is operated by Alibaba Group Holding, which owns the SCMP. “Drawing on its global operational experience and local track...South China Morning Post
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