Business news

Americas

A ‘freaked out’ US food industry is hitting back at Maha – with social media influencers

Cross-partisan support in Washington on issues like pesticides and food additives pose a threat to the industry’s bottom line

Americas

Fed's Williams sees no urgency for next rate hike

Federal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on track to the US central bank's 2 per cent goal, says New York Fed President John Williams.

Oil climbs after Trump denies he is willing to ease sanctions on Iran

PERTH, Sept 30 : Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. Brent crude futures rose $1.14, or 1.11 per cent, to

Europe

Ukraine sets its sights on boosting high-tech exports, hails digital resilience

WASHINGTON, Sept 29 : Ukraine aims to leverage its expertise in military technologies and digital innovation to sharply increase high-tech exports in coming years, including through the use of AI, the country's minister for digital transformation told Reuters on Tuesday.Oksana Ferchuk said Ukraine was explori

Greggs to shut four factories and cut 740 jobs

The company says it needs to "keep evolving alongside changing customer expectations".

Asia

Japan August factory output unexpectedly falls

TOKYO, Sept 30 : Japan's factory output unexpectedly fell in August from the previous month, government data showed on Wednesday.Here are a few details:• Industrial output shrank 1.7 per cent in August from the previous month, according to data released by the Ministry of Economy, compared to the med

Americas

AI infra firm Accelevation, shareholders raise $540 million in US IPO

Sept 29 : Accelevation and selling shareholders raised $540 million in a US initial public offering, the private equity-backed data center infrastructure firm said on Tuesday.They sold 30 million shares at $18 apiece, below the marketed range of $20 to $24 each. Accelevation sold 10 million shares in the IPO,

Trump releases AI accord with tech executives

WASHINGTON, Sept 29 : President Donald Trump released a document on Tuesday that his administration cast as an accord on artificial intelligence and which he said earlier was signed by him and tech executives that he met in Washington.Trump released the one-page document on his Truth Social platform - which h

Commentary: A meeting a day keeps the robots away

Predictions that white-collar work will soon be automated reveal an underappreciation of what other people’s jobs entail, says Sarah O’Connor for Financial Times.

Drop in donations puts Sheffield community pantry at risk of closure

St Paul's Pantry in Norton Lees say things are looking "pretty grim" without support.

Tesla lines up $30 billion credit lines as capex, AI push accelerate

Sept 29 : Tesla has entered into credit agreements totaling $30 billion, including a $20 billion delayed draw-term loan facility, according to a regulatory filing on Tuesday.The company expects to direct much of its record spending this year toward AI compute infrastructure, solar cell-manufacturing capacity

Customers in the South taking risks with heating oil orders, firm says

Customers in Berkshire and Hampshire are leaving it late to refill their tanks, an oil firm says.

Americas

Inside McDonald’s push to have AI price your Big Mac

NEW YORK, Sept 29 : McDonald’s is increasingly using artificial intelligence to guide menu prices across the U.S. and some global markets, a plan that aims to boost headquarters’ profit but risks alienating customers and attracting antitrust scrutiny. One pricing factor supercharged by AI: an estimate of

Choosing financial stability over dreams is 'heart-breaking'

Young people struggling to make ends meet respond to the government's Your First Home scheme.

Exclusive-Anthropic IPO prospectus lays bare deep dependence on Big Tech partners

Sept 29 : Anthropic's IPO prospectus shows how much it depends on a small group of customers and tech giants, highlighting key risks for the AI developer as it asks investors to back its ambitious, capital-intensive plan that it says will transform the global economy.The company routed 47 per cent of its sale

Explainer-What is a public benefit corporation, the Anthropic legal structure?

WILMINGTON, Delaware, Sept 29 : AI lab Anthropic, the developer of Claude, is planning one of the biggest IPOs in history as a public benefit corporation, a legal structure that requires management to consider certain broader interests as well as turning a profit for investors. Below is a look at how public benefit

Americas

Trump, tech executives sign 'morally binding' AI document

WASHINGTON, Sept 29 : US President Donald Trump said he signed an artificial intelligence-related document on Tuesday with top tech executives in Washington.DETAILS AND QUOTES• "It's almost like a Constitution in a way, and the biggest people in the world signed that and I signed it as president and

Americas

AI sector signed 'accord' with on technology standards, US House speaker says

WASHINGTON, Sept 29 : US House Speaker Mike Johnson said on Tuesday that AI executives signed an "accord" on AI standards at a meeting with US President Donald Trump, without detailing what that means.

Oceania

Australian regulator to review banking sector AI use and customer impacts

SYDNEY, Sept 30 : Australia's corporate regulator said on Wednesday it would formally review the country's banking sector's usage of AI in dealing with customers.The Australian Securities and Investments Commission (ASIC) warned in May the banks should take urgent ‌action on tackling potential cyber risks f

Three takeaways from Trump's 'Super Intelligence' summit

The president also signed an executive order requiring his government to refer to AI as Super Intelligence.

OpenAI targets $30 billion funding at $1.4 trillion valuation, Bloomberg News reports

Sept 29 : OpenAI aims to raise at least $30 billion in a funding round and is seeking a valuation of about $1.4 trillion, not including the money raised, Bloomberg News reported on Tuesday, citing people familiar with the matter.Here are more details: • The fundraising discussions are at an early sta

Americas

Exclusive-Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise, sources say

NEW YORK, Sept 29 : Kalshi is in advanced discussions to raise about $1 billion in fresh funding from existing and new investors, including Tiger Global Management and Dragoneer Investment Group, according to people familiar with the matter, as the prediction markets exchange looks to cement its lead over arch-riva

Americas

US appeals court upholds Thomson Reuters' landmark win in AI training lawsuit

Sept 29 : A US appeals court on Tuesday upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross' alleged misuse of copyrighted material to train an AI-powered legal search engine.The Philadelphia-based 3rd US Circ

OpenAI takes on Meta with always-on Dots agent in enterprise AI push

SAN FRANCISCO, Sept 29 : OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously. The Dots agents aim to capitalize on growing