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BusinessOct 2U.S. urges Europe to ‘immediately’ release diesel reserves as Iran war fuels record pricesCNBC

BusinessOct 2Italy's bond spread climbs furtherYield on 10-year BTP stableANSA [en]

BusinessOct 2Stock index futures tick higher ahead of jobs reportStock index futures have shown a slight increase in anticipation of an upcoming jobs report. This reflects market sentiment ahead of key economic data.Seeking Alpha Tech

BusinessOct 2German retailer Globus stayed in Russia after the full-scale invasion. Now its Russian arm has put former German Chancellor Gerhard Schröder on its supervisory board.Former German Chancellor Gerhard Schröder has joined the supervisory board of Giperglobus LLC, which operates the Globus hypermarket chain in Russia. He will help manage the business and guide its strategic development in Russia, a spokesperson for the chain told RBC.Meduza [en]

BusinessOct 2Oman’s OQGN to raise $1bn from global marketsOman’s state-controlled OQ Gas Networks (OQGN) hope to raise $1 billion from global capital markets to diversify its funding sources. The funding will be through the issuance of sukuk – Islamic bonds – and is planned to be listed on the London Stock Exchange, the company said in a filing on the Muscat Stock Exchange. […]agbi · united arab emirates

BusinessOct 2iQIYI AIGC Series "The Ferry Man" Exceeds RMB 8 Million in Revenue-Sharing as Third Instalment Debuts on October 1BEIJING , Oct. 2, 2026 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, announced that the cumulative revenue-sharing, a model where production partners share earnings with iQIYI based on viewership, box office for its AIGC film series "The Ferry Man" has surpassed RMB 8 million (US$1.2 million) as of September 23, marking a new milestone for the series. This comes as the third instalment, "The Ferry Man: The Dream of the Princess", debuts on October 1 on iQIYI and iQIYI International. iQIYI Produced by iQIYI and GHY Culture & Media, the series' first two titles, "The Ferry Man: Butterfly Dream" and "The Ferry Man: The Dream of the Celestial Maiden", were released simultaneously on August 22 on iQIYI and iQIYI International, and quickly gained commercial traction, reflecting growing market confidence in iQIYI's AI-driven premium content. Rooted in traditional Chinese culture, "The Ferry Man" is an established IP spanning long-form drama, online films, musicals, and short-form series, blending mythology, folklore, and contemporary themes. The new films use AI production to render classical Chinese philosophical imagery as cinematic worlds. Redefining Production Efficiency The success of "The Ferry Man" series demonstrates a robust end-to-end AIGC value chain, one that successfully integrates production efficiency, market validation, and strong financial returns. By incorporating AI into its core workflow, iQIYI has fundamentally optimized the filmmaking process. According to Zhichao LI, producer of the series, the first two films moved from project initiation to launch in less than four months. "AI significantly improved efficiency during the preparation and production stages," Li said, noting that the script development and post-production processes remained largely consistent with traditional film and television workflows. During production, AIGC was used to generate visual assets for concept design, sets, props, and other art elements, which could then be directly turned into video based on the director's creative requirements. This simplified parts of the traditional production process, including physical shoots and scene transitions, while giving creators greater flexibility. For a key scene in "The Ferry Man: The Dream of the Celestial Maiden", AI generation also streamlined a process that would traditionally involve months of visual effects and green-screen production, significantly improving production efficiency and making complex scenes more feasible to produce. Leveraging Digital Assets for Long-Term Value Unlike traditional productions, "The Ferry Man" series builds lasting digital asset value through AIGC. The three lead actors licensed their likenesses and provided their own voiceovers, with digital character assets, scenes, and props developed as standardized, reusable assets. These assets enable the upcoming third film to maintain visual consistency while significantly reducing production costs, establishing a scalable model for serialized content development. Market Validation through Data-Driven Models The commercial performance of "The Ferry Man" series further validates the viability of AIGC content as a financially sustainable production model. Through iQIYI's revenue-sharing model, the series recovered its full production costs within the first week and surpassed RMB8 million in cumulative box office within the first month, with figures continuing to grow. This rapid market feedback also enables producers to adjust subsequent creative decisions in a timely manner, reducing the time and cost of iteration. The series also builds on iQIYI's continued exploration of long-form AIGC filmmaking, following "Mystic Tales - The Spider Lady's Vendetta" — China's first AIGC internet feature film released under an Internet Drama and Film Distribution License. iQIYI Press press@qiyi.comen_prnasisa · uzbekistan

BusinessOct 2Buying a new-build in Croatia? These are the details you should check firstWe have all seen new-build homes that develop dark damp patches after just a few years, while residents are forced... The post Buying a new-build in Croatia? These are the details you should check first first appeared on Croatia Week .croatiaweek · croatia

BusinessOct 2Iowa lawmakers to vote on raising tax incentive cap for a $15B steel plantDES MOINES, Iowa (AP) — Iowa lawmakers will return to the Statehouse Friday to consider expanding the ceiling on state tax incentives in an effort to secure a $15 billion steel plant project for the state.local10 · united states of america

BusinessOct 2BofA eyes 10% fall in European stocks, but upgrades defense names Dassault and SaabBank of America anticipates a 10% decline in European stocks but has upgraded its outlook for defense companies like Dassault and Saab. This reflects a mixed forecast for different sectors within the market.Seeking Alpha Tech

BusinessOct 2Omar Chiquin, mechanic specializing in automatic transmissions: "It's the life of the car's transmission"The automatic transmission specialist explains how often the filter and fluid of the gearbox should be checked and what signs can warn of a problem. The intervals, however, depend on each manufacturer and model.Clarín

BusinessOct 2NGX at 65 : Nigeriaâ€™s stock market witnessed tremendous expansion - AnalysisÂAn analysis shows that Nigeria's stock market has experienced significant expansion over 65 years. This highlights the long-term growth and development of the region's financial sector.blueprint.ng · Nigeria

BusinessOct 2Ryanair reveals 1 , 000 flights cancelled last month amid united kingdom air traffic chaosRyanair disclosed that 1,000 flights were cancelled last month due to air traffic disruptions in the United Kingdom. This indicates a significant impact on air travel and airline operations.lancashiretelegraph.co.uk · United Kingdom

BusinessOct 2 Nobody is allowed to put a cap on sale : Oil Secretary Neeraj Mittal on fuel purchase restrictionsOil Secretary Neeraj Mittal stated that no one is allowed to cap fuel sales, addressing restrictions. This clarifies government policy regarding energy distribution and market access.businesstoday.in · India

BusinessOct 2RBI rate hike may have limited justification amid benign core inflation , subdued growth : NuvamaAn analysis suggests that a central bank's potential rate hike may have limited justification due to benign core inflation and subdued economic growth. This concerns economic policy and its potential impact.calcuttanews.net · India

BusinessOct 2High fuel prices push Dutch inflation to 3 . 4 percent in SeptemberHigh fuel prices contributed to Dutch inflation reaching 3.4 percent in September. This report details key economic indicators for the Netherlands.nltimes.nl · Netherlands

BusinessOct 2RBI rate hike may have limited justification amid benign core inflation , subdued growth : NuvamaAn analysis by Nuvama suggests that a potential RBI rate hike might be minimally justified due to low core inflation and modest economic growth. This discusses potential monetary policy decisions and their economic rationale.hongkongherald.com · China

BusinessOct 2Tata Aeris vs Honda Amaze vs Maruti Dzire : Which sedan offers more for your money ? This article compares three sedan models, Tata Aeris, Honda Amaze, and Maruti Dzire, to determine which offers the best value. It is relevant for consumers in the automotive market.livemint.com · India

BusinessOct 2Ryanair reveals 1 , 000 flights cancelled last month amid united kingdom air traffic chaosRyanair has disclosed that it cancelled 1,000 flights last month due to widespread air traffic chaos in the United Kingdom. This highlights significant disruptions to air travel and its impact on airline operations and passengers.oxfordmail.co.uk · United Kingdom

BusinessOct 2Asian shares mixed after global bond sell - off deepens and ahead of US jobs dataAsian stock markets are experiencing mixed performance following a deepening global bond sell-off and in anticipation of upcoming US jobs data. This indicates ongoing volatility and economic uncertainty in international markets.kdhnews.com · United States

BusinessOct 2Suzlon , KPIT Tech , RIL , IRFC , HDFC Bank , Infy : 56 % Nifty500 stocks in bear grip amid market sell offA majority of Nifty500 stocks, including major companies like Suzlon and HDFC Bank, are experiencing a bearish trend amidst a market sell-off. This signifies widespread negative sentiment and declining prices in the stock market.businesstoday.in · India

BusinessOct 2Novartis inks up to $7.8B deal with Abogen for RNA-encoded therapeuticsNovartis has signed a deal worth up to $7.8 billion with Abogen for RNA-encoded therapeutics. This represents a major investment and collaboration in the biotechnology and pharmaceutical sectors.Seeking Alpha Tech

BusinessOct 2‘Foot off the throat’: ASX bounces on rates betBig US tech companies and a slight pullback in global bond yields has helped lift the ASX 200 on Friday, as it recovers marginally from its worst trading day in four months.skynewsau · australia

BusinessOct 2Electricity Deficit Caps Venezuela's Oil Production RecoveryVenezuela's oil industry has encountered a systemic bottleneck that outweighs the impact of Western sanctions or the lack of investment capital. During a recent energy conference in Caracas, industry executives stated that restoring production levels is impossible without first addressing the country's chronic electricity deficit. The national power system currently faces a generation shortage exceeding 1,500 MW. Due to severe grid degradation and frequent equipment failure, any increase in load triggers rolling blackouts that paralyze field operations. This infrastructure instability has created a deterrent for investors, who are unwilling to expand projects until the government can guarantee a stable power supply. To mitigate these constraints, several companies have proposed converting associated petroleum gas-which is currently flared at production sites-into electricity. However, these initiatives have not yet received regulatory approval from government officials. While a law enacted in January requires investors to build independent power facilities for new sites, industry operators argue that localized generation cannot compensate for the collapse of the national transmission network.pravda_ru · russia

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