Vietnam announces electricity price cut and zero gasoline tax
The government says the measures, effective November 1, aim to lower household and business costs and support economic stability.
Globe And Street: global business and finance news
Tech
Apple CEO Ternus says AI should serve products, not be an end in itself
John Ternus defended Apple’s AI position following delays to an upgraded Siri and said the company would use the technology in new products.
World
OIC anti-corruption officials seek closer cooperation on asset recovery
Delegates in Azerbaijan focused on implementing a treaty designed to speed cross-border investigations and the return of stolen funds.
- WorldOIC anti-corruption officials seek closer cooperation on asset recovery
- MarketsNasdaq 100 drops 3.5% as Intel and Reddit lose 29%
- Economy & PolicyVietnam announces electricity price cut and zero gasoline tax
- CompaniesCapgemini lifts 2026 growth forecast after revenue rises 12%
- IPO & DealsOpenAI cuts funding target by $10 billion, media report says
- Energy & CommoditiesAlliant expects contracts for 1 GW of additional data-center demand
- Crypto & Digital AssetsBinance investigates possible breach as frozen crypto reaches $2.54 billion
- FinanceApple Pay and Google Pay become available for Uzbekistan-issued cards
- TechApple CEO Ternus says AI should serve products, not be an end in itself
Turkic leaders back closer transport links between Asia and Europe
Kazakhstan reported 30% freight growth on the Middle Corridor, while Uzbekistan proposed a program of 100 investment and industrial projects.
Nasdaq 100 drops 3.5% as Intel and Reddit lose 29%
The Nasdaq composite had its worst month since March 2025, while concerns over artificial intelligence spending weighed on major technology companies.
China's manufacturing PMI falls to 49.3 as demand weakens
Services and construction also slipped into contraction in October, while some technology-linked manufacturers recorded stronger activity.
Capgemini lifts 2026 growth forecast after revenue rises 12%
The French IT consultancy now expects revenue growth of 9.0% to 9.5% at constant exchange rates, its second increase in guidance this year.
OpenAI cuts funding target by $10 billion, media report says
The ChatGPT maker is seeking about $20 billion, with a UAE investor consortium expected to be the largest participant.
Alliant expects contracts for 1 GW of additional data-center demand
The utility raised its 2027-2030 capital spending forecast by 19% to $15.9 billion and expects system peak demand to grow more than 60% by 2031.
Binance investigates possible breach as frozen crypto reaches $2.54 billion
Tether and Circle froze assets linked to the incident, while Binance paused Alpha trading and said withdrawals would resume once the issue was resolved.