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Wednesday, October 29, 2025
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CATEGORY

BUSINESS

China sanctions Boeing and two US defence contractors for Taiwan arms sales

China’s ministry of commerce has announced sanctions against Boeing and two other US defence companies over arms sales to Taiwan, on the day of...

Air Vanuatu cancels flights and considers bankruptcy protection

Air Vanuatu announced that it had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier. It said...

Samsung reports 10-fold increase in profit as AI drives rebound for memory chips

Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence (AI) technologies drives a rebound...

Tesla founder Musk meets Chinese premier as competitors show off new EVs

Tesla founder and chief executive Elon Musk has met the Chinese premier in Beijing, just as the nation’s carmakers are showing off their latest...

Google fires 28 staff after office sit-ins to protest cloud contract with Israel

Google has fired 28 employees involved in protests over the tech company’s cloud computing contract with the Israeli government, according to statements from the...

FTX founder Bankman-Fried sentenced to 25 years in prison for crypto fraud

Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for a billion-dollar fraud that unravelled with the collapse of FTX,...

Boeing chief executive Dave Calhoun to step down

Boeing chief executive Dave Calhoun has announced he will step down from the embattled plane maker at the end of the year after a...

Trump’s social media company to go public after merger approved

Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp, a publicly traded shell company, have voted to approve a deal...

Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to...

Estee Lauder cuts 3% to 5% of global workforce as sales and profits slide

Estee Lauder is cutting 3% to 5% of its global workforce, as the cosmetics giant aims to increase profits and become more nimble in...

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