Business

Australia's Pepper Money in talks to buy Westpac's mortgage broking portfolio

Australia's Pepper Money in talks to buy Westpac's mortgage broking portfolio

(Reuters) -Australian non-bank lender Pepper Money said on Thursday it is part of a consortium that is negotiating with major…

October 30, 2025

Microsoft's massive AI spending draws investor concerns as cloud business booms

By Aditya Soni and Deborah Mary Sophia (Reuters) -Microsoft's spending on artificial intelligence infrastructure soared to a record of nearly…

October 30, 2025

Mixed share reaction to megacap earnings burst, Meta droops

(Reuters) -Shares in three of the "Magnificent Seven" companies with significant investments in artificial intelligence were mixed in after-hours trade…

October 30, 2025

Starbucks sales rebound globally, coffee prices bite margins

By Juveria Tabassum and Waylon Cunningham (Reuters) -Starbucks posted on Wednesday its first quarter of gains in global comparable sales…

October 30, 2025

US company with access to biggest telecom firms uncovers breach by nation-state hackers

By AJ Vicens (Reuters) -Hackers working for an unnamed nation-state breached networks at Ribbon Communications, a key U.S. telecommunications services…

October 30, 2025

Australian grocer Coles posts 3.9% rise in first-quarter sales revenue

(Reuters) -Australia's Coles Group reported a 3.9% rise in first-quarter sales revenue on Thursday, driven by a double-digit growth in…

October 30, 2025

GM to cut EV, battery production and 1,200 jobs at Detroit plant

By David Shepardson and Nora Eckert DETROIT (Reuters) -General Motors said on Wednesday it will cut U.S. electric vehicle and…

October 30, 2025

Meta forecasts bigger capital costs next year, $16 billion tax charge guts Q3 profit

By Jaspreet Singh and Echo Wang (Reuters) -Meta forecast "notably larger" capital expenses next year thanks to investments in AI,…

October 30, 2025

Radio Free Asia to suspend news operations amid government shutdown

By Jasper Ward WASHINGTON (Reuters) -Radio Free Asia said on Wednesday it was suspending its editorial operations amid "funding uncertainty"…

October 30, 2025

Aman Gupta’s boAt Set to Go Public: Rs, 1,500 Crore IPO Cleared by SEBI

boAt’s parent company, Imagine Marketing secures SEBI approval for Rs. 1,500 crore IPO with fresh issue, OFS and renewed market…

October 29, 2025